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Saudi firm signs deal with Bangladesh to set up solar power plant

Black_cats

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Saudi firm signs deal with Bangladesh to set up solar power plant​

United News of Bangladesh . Dhaka | Published: 14:28, Nov 29,2022


Saudi Arabia’s ACWA Power has signed a non-binding memorandum of understanding with state-owned Bangladesh Power Development Board to set up a 1000 MW solar power plant in Bangladesh.

Welcoming the initiative, state minister for power, energy and mineral resources Nasrul Hamid said that the investment and technology of the ACWA would help Bangladesh achieving its clean energy goal of 2041.

He said that Bangladesh had been supporting renewable energy in different ways.

‘The government has been working in a coordinated manner to promote renewable energy. State-owned Sustainable and Renewable Energy Development Authority is providing necessary technological support and consultations,’ he said at the contract signing ceremony held at Biduyt Bhaban in the city on Monday.

Nasrul Hamid said application of modern technology is essential to overcome the land-scarcity related problem.

‘We hope ACWA will bring that solution which will help achieve our goal for 2041,’ he added.
BPDB Board secretary Mohammad Selim Reza and ACWA Power business development department’s executive director Ayad Al Amri signed the MoU on behalf of their respective sides.

As per the non-binding MoU, the ACWA Power will provide technological and financial support while BPDB will extend its administrative support for the 1000 MW solar power project.

With BPDB chairman Md Mahbubur Rahman in the chair, the function was also addressed by power secretary Habuibur Rahman and Saudi Arabia’s ambassador to Bangladesh Essa Bin Yousef Al Duhailan.
 

UKBengali

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Again, why this unnecessary engagement with the Gulfies?

BD must strive to minimise as much relations as possible with primitive cultures.

You do not move up in development by more relations with backward countries.
 

bluesky

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Saudi Arabia’s ACWA Power has signed a non-binding memorandum of understanding with state-owned Bangladesh Power Development Board to set up a 1000 MW solar power plant in Bangladesh.
It is just another non-binding memorandum of understanding. Why the news title should falsify it by saying it is a deal?

This is BD FDI as usual. Only MoU!! No one comes here to avoid falling into corruption traps. When some dignitaries visit BD or talk with the BD high-ups, this govt asks for an MoU to use as propaganda.
 

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