Photograph: Technaf Solartech Vitality
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 tasks, 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 convey extra entrepreneurs into the renewable vitality enterprise at a time when Bangladesh is reeling beneath a extreme energy disaster that has severely hampered industrial manufacturing and introduced distress to folks’s lives on account of extended lack of load,” mentioned the federal government spokesperson.
The choice has been submitted to the IPP cell of the Bangladesh Energy Growth Board for vital adjustments within the bidding standards.
“We’ve despatched our choice to the IPP cell of the Bangladesh Energy Growth Board for vital adjustments within the bidding standards to facilitate the technology of renewable vitality,” mentioned Nirod Chandra Mondal, a joint secretary within the Ministry of Energy. .
Nevertheless, Imran Chowdhury, the top of enterprise development-Bangladesh for Complete Eren, expressed issues concerning the implementation of tasks with out skilled operational companions as shareholders.
“The adjustments within the qualification standards could assist primarily the native sponsor to simply go the qualification {qualifications}, however an vital concern is how they will do the undertaking easily with out even who’s an skilled companion within the operation of the undertaking as a shareholder,” mentioned Chowdhury.
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