Solar Power Plant Tender

Location BangladeshArab Investment Development Authority AIDA has pledged to invest 5 billion for developing five gigawatt GW solar power plants in Bangladesh in cooperation with Almaden Emirates Fortune Power AEFP and Bangladesh-based Intraco Solar Power.Chairman of AIDA said that they are coming on board to co-develop and invest with AEFP and Intraco Solar to accomplish this project. The project is likely to reduce power costs in billions as well as create jobs for both the power plants and the proposed solar manufacturing facility based on an annual 500MW capacity.The solar power project along with the manufacturing facility which is set to be completed within the next six to eight years will be powered by a total of 14 million solar panels making it the largest solar power plant investment in Bangladesh.The main objective of the project is to boost the rural populations access to affordable sustainable and reliable electricity supply.Safa Capital Limited a company regulated by Dubai Financial Services Authority are the lead financial advisers and arrangers of this project.