State-run Power Development Board (PDB) signed an Engineering, Procurement and Construction (EPC) deal with Chinese ZTE Corporation for setting up a grid-connected photovoltaic power plant (solar plant) with a generation capacity of 7.4 MW in Rangamati’s Kaptai upazila.
The contract worth Tk109.55cr was signed at capital’s Bidyut Bhaban on Sunday.
PDB appointed the EPC contractor to build the Kaptai solar power plant, five years after the Executive Committee of National Economic Council (Ecnec) had approved the project.
Secretary of PDB Mina Masud Uzzaman and Project Implementation Director of ZTE Corporation Liu Wei signed the deal on behalf of their respective sides.
State Minister for Power and Energy Nasrul Hamid, Power Secretary Dr Ahmed Kaikaus, PDB Chairman Khaled Mahmood and other senior officials attended the signing ceremony.
The PDB is expected to generate per unit of electricity at Tk5.48 in the plant. The plant will have an overall lifetime of 25 years.
As per the deal, the Chinese firm is supposed to implement the project within 12 months from the deal date.
The project is primarily aimed to enhance the share of renewable energy in the national grid and meet the target of generating 10% (2000 MW) of total power production from renewable sources by 2020.