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Bpdb Power Purchase Agreement

Bpdb Power Purchase Agreement

Bangladesh has one of the most accepted solar photovoltaic programs for solar households and is strengthening its commitment to promoting affordable and renewable solar energy from supply projects, as global solar photovoltaic energy prices fall rapidly. Symbior and Paragon believe in the value of distributed photovoltaic power plants to support the development of the national grid and make the most of the benefits of solar PV. The Tetulia solar photovoltaic plant is part of this strategy that recognizes the scarcity of land in one of the most densely populated countries in the world – a reality that has hindered the realization of other projects in the country before. Dhaka, Bangladesh, May 13, 2018 – Sympa Solar Power Limited («Sympa Solar»), a joint venture of Symbior Solar («Symbiose»), a leading photovoltaic power plant in Asia, Paragon Group («Paragon»), an industrial leader in Bangladesh, today announced that it has signed the implementation contract and the power purchase contract (PPA) for the installation of their 8MWac solar power plant in Tetulia, Panchaghar, in northern Bangladesh. The 10MWdc/8MWac project will bring clean and sustainable solar energy under a 20-year AAE to the Power Development Board of Bangladesh («BPDB»), the country`s largest electricity company. Sympa immediately begins work on the site and quickly becomes one of the first supply-scale solar photovoltaic projects to be commercially exploited in Bangladesh. Symbior Solar was founded in 2010 and has become a leading regional solar PV developer, focusing on the major solar photovoltaic markets in Asia. With a pipeline of more than 200 MW, Symbior Solar continues to develop its solar PV production platform in Bangladesh, Thailand, Indonesia, the Philippines and Mongolia and supports the region`s efforts to provide green and economical energy for a sustainable future. For more information about Symbior Solar, visit www.symbiorsolar.com Paragon Group, one of Bangladesh`s leading agricultural companies that began their journey in 1989.

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