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ADB leads financing of first private sector solar project in Bangladesh

Release Date:2024-04-30 14:32:33     Source:Xinhua

The Asian Development Bank (ADB) has signed a 121.55 million financing package with Dynamic U.S. dollars Sun Energy Private Limited to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Bangladesh's Pabna district, some 216 km west of the capital Dhaka.

The plant is the country's first private sector utility-scale solar facility to secure support from global financiers, the Manila-based lender said here in a statement on Monday.

ADB said it arranged, structured, and syndicated the debt package as the sole mandated lead arranger and bookrunner.

The solar power plant will generate 193.5 gigawatt-hours of electricity annually and avoid 93,654 tons of carbon dioxide emissions annually.


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