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    Home > News > Power News > News Article

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    Bangladesh wind reaches commercial close


    October 3, 2022 - Sophia Thomson

     

      A Chinese-Bangladeshi consortium yesterday (4 September 2022) achieved commercial close on the development of a $96.6 million wind farm in southwestern Bangladesh.

      Mongla Green Power is the SPV of the 55MW Bagerhat Mongla wind farm in Khulna, the third-largest city in the country.

      The project company's shareholders are:

      • Envision Energy (Jiangsu)China
      • SQ Trading and Engineering – Bangladesh
      • Envision Renewable Energy Bangladesh – Hong Kong

      Mongla Green Power has a 20-year PPA with Bangladesh Power Development Board (BPDB) at $0.1320 per kWh.

      The SPV aims to complete the project during the next 2 years.

      IJGlobal data shows these 4 wind farms under development:

      Inani Wind Farm (50MW) IPP
      Kachua Wind Farm (50MW) IPP
      Mongla-Gollamari Wind Farm (50MW) IPP
      Sonagazi Wind and Solar Portfolio (110MW)

      The government of Bangladesh in December 2020 approved the proposal by the Chinese-Bangladeshi consortium to develop the wind power plant.

      Meanwhile, Chinese environmental protection company U&D Group this month reached commercial close to develop Bangladesh's second waste-to-energy (WtE) plant.

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