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Prime Minister Sheikh Hasina inaugurated a 200 megawatt (MW) solar power plant titled ‘Teesta Solar Limited’ from a gathering at Rangpur Zila School ground on Wednesday.
Beximco Power has constructed the country's largest solar power plant at Sundarganj in Gaibandha, reports BSS citing a press release.
The power plant has commenced power generation and transmission to the national grid from December 2022 on a trial basis.
About the project, Shayan F. Rahman, Chairman of Beximco Power Limited, said Prime Minister Sheikh Hasina has a roadmap for global warming and environmental protection.
The government is doing a lot of work on it, he added.
He said Beximco is a pioneer in many sectors.
"We think, the renewable energy sector will be very important for future energy. So we have taken decision to invest here," he added.
He said the project is a crucial solution to the power crisis in the northern region, which is facing challenges due to its dependence on imported primary fuels and the pressure it places on the country's forex reserves.
Mentioning that this project is 100 percent owned by Beximco Power Limited, he further said, "We launched the first green Sukuk bond, sharia-compliant bonds, in the country to finance this project. We have spent about US$300 million in this project. In the future, we are thinking of setting up more solar power plants as per government plans."
The construction of the power plant started in 2017. Around 0.55 million solar panels were installed.
To connect the produced electricity to the national grid, a 35 km power transmission line of 122 towers of 132 kilo volts has been constructed.