The Bangladesh Power Development Board (BPDB) has released a notice inviting bids to develop 100 MW of grid-connected wind power projects at two sites in the country.
The board intends to select developers to develop 50 MW wind projects each in the cities of Chandpur and Coz Bazar on a build-operate-own (BOO) basis for 20 years.
Interested bidders are expected to pay a bid security deposit in the bank guarantee for $250,000 for each package. The deadline for submitting bids is November 3, 2020. The pre-bid meeting will be held on October 8, 2020.
Applicants were also expected to submit their qualification statement and a comprehensive proposal along with a non-refundable processing fee of BDT 200,000 (~$2,316) for each package.
Project developers will be selected through a competitive bidding process. They will be required to arrange the necessary land, financing, and key project documents. The power development board said that it sought interested power project developers with prior experience in implementing grid-connected projects.
The total installed power capacity by BPDB is about 20.8 GW. Gas-based projects account for 55% of the installed capacity. Among renewables, the installed capacity of solar is 35 MW, and there are no wind power projects. According to the BPDB website, 1,160 MW of power is imported.
Recently, Mercom reported that the Asian Development Bank signed a deal with Spectra Solar Park Limited to invest $17.7 million in a 35 MW utility-scale solar project in Bangladesh. This marked the beginning of a new era in Bangladesh as it was one of the first private sector solar projects in the country financed by a multilateral institution.
In 2019, the World Bank approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country.
In January, the Government of Bangladesh awarded a 55 MW solar power project to a consortium led by Metito Group together with Jinko Power and AlJomaih Group. The project is to be developed on a build-own-operate basis under a 20 years’ concession agreement.
Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai. More articles from Nithin.