Beximco to build Tk 1,700-crore solar power plant

Date: October 9, 2021

Source: The Daily Star


Beximco Ltd is going to build a solar utility-scale power plant in Gaibandha with a cost of Tk 1,700 crore. This will be the largst solar power plant of Bangladesh ever built.

The 230MW in alternating current (AC) will require the plants to produce 325MW in direct current (DC) and then conducting the conversion using inverters, explained Rafiqul Islam, an executive director of Beximco Group.

The plants shall be commissioned by mid-2022, said the company.

Beximco said in a disclosure that was published on the Dhaka Stock Exchange (DSE) website today.

However, Beximco stock price dropped 4.54 per cent on the same day to hit Tk 140. It is worth mentioning here that the price of the share doubled from Tk 69 in a span of the last six months.

Teesta Solar and Korotoa Solar, two subsidiaries of Beximco Power Company, is going to deliver 200 and 30 megawatt (AC) power respectively.