Spectra to produce 35MW solar power in Manikganj

Spectra Engineers Ltd in association with a Chinese venture capital firm is set to build a 35-megawatt solar power plant in Manikganj in line with the government plan to generate 10% of power from renewable sources by 2020. The development comes after the cabinet committee on public purchase  approved the proposal form the Power Ministry for Spectra Engineers and Shunfeng Investment to build, own and operate the power plant on Wednesday. Additional secretary to the Cabinet Division Mostafizur Rahman told reporters that the government will buy solar power at Tk11.12 per unit from the plant for 20 years. Spectra Engineers Ltd will bear the cost of land acquisition, setting up of sub-station and transmission line, according to the ministry’s proposal. Between October 2015 and April 2016, the government gave approval to five companies, aiming to generate 332 megawatts of solar power. The government will pay the plants Tk11.12 to Tk3.6 for per unit of electricity. Of the five plants, the largest will be located in Teknaf in Cox’s Bazar by SunEdison Energy Holding (Singapore). The government will purchase power from this company at Tk13.69 per unit.