Metito MD tells MECN that they were able to achieve the lowest tariff ever reported in Bangladesh on the project
Metito Group has announced that the Government of Bangladesh has awarded it the Rangunia 55 megawatts electric ac grid-tied solar power plant project. Metito Group along with Jinko Power and AlJomaih Group will develop the project on a build own operate basis under a 20 year concession agreement.
The Bangladesh Power Development Board (BPDB), pursuant to approval from the Power Division, Ministry of Power, Energy and Mineral Resources (MPEMR), awarded the project to the Consortium. BPDB had earlier announced the Consortium as the lowest bidder with the competitive tariff of $0.0748/kWh — the lowest tariff ever reported in Bangladesh.
The project is in line with the Government’s vision to secure a more balanced energy-mix and a reduction in environmental pollution in Bangladesh, according to a statement from Metito.
The consortium will build the power plant in Rangunia, Chattogram on a land provided by BPDB and is well-equipped to commission the project by the second half of the year 2021. The power plant will be connected to the 132/33 kilovolts Chandraghona grid substation by a single circuit 132 kilo volts line.
Rami Ghandour, managing director at Metito, said: “Bangladesh has a very progressive leadership and such projects, which harness the power of alternative or renewable energy, are a true testament to a visionary approach towards sustainability.”
Speaking exclusively to MECN, Ghandour said that Metito had taken a conscious decision to expand into the renewable sector stand alone, and has secured their first project in Bangladesh.
“This is something we are very excited about, and for the nation it is a very important project. The tariff that we have been able to provide is significantly lower than their previous project, by about 40 per cent lower than what they have achieved in the past.”
Rangunia’s 55-MWe ac grid-tied solar power plant is the first alternative energy project for Metito in Bangladesh.
“We are honoured to be part of this truly synergistic and formidable consortium where all partners bring unique expertise to the mix, maximizing shared value to our client and to the community we will be serving. We look forward to working closely with BPDB to move to the next stages of the project and we are confident that it will be a huge success,” he concluded.