Picture: Technaf Solartech Power
The federal government of Bangladesh has applied measures to assist home IPPs enhance their share of the renewable vitality market.
The brand new guidelines enable IPPs in Bangladesh to carry a 100% stake in renewable vitality initiatives, eradicating the earlier 80% restrict that required a international investor for the remaining share.
As well as, home IPPs can now purchase a 51% share in worldwide consortia, whereas international builders are restricted to a most share of 20%.
“These new guidelines will carry extra entrepreneurs into the renewable vitality enterprise at a time when Bangladesh is reeling underneath a extreme energy disaster that has severely hampered industrial manufacturing and introduced distress to folks’s lives as a consequence of extended lack of load,” stated the federal government spokesperson.
The choice has been submitted to the IPP cell of the Bangladesh Energy Improvement Board for vital modifications within the bidding standards.
“We have now despatched our choice to the IPP cell of the Bangladesh Energy Improvement Board for vital modifications within the bidding standards to facilitate the era of renewable vitality,” stated Nirod Chandra Mondal, a joint secretary within the Ministry of Energy. .
Nonetheless, Imran Chowdhury, the top of enterprise development-Bangladesh for Complete Eren, expressed issues concerning the implementation of initiatives with out skilled operational companions as shareholders.
“The modifications within the qualification standards might assist primarily the native sponsor to simply cross the qualification {qualifications}, however an essential concern is how they’ll do the mission easily with out even who’s an skilled associate within the operation of the mission as a shareholder,” stated Chowdhury.
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