Malaysian-owned solar project developer Ditrolic Solar will be undertaking a development of what is touted to be the largest solar project in Bangladesh.
Through a 20-year power purchase agreement (PPA) signed between HDFC SinPower Ltd, an associate company of Ditrolic (S) Pte Ltd (a subsidiary of Ditrolic Sdn Bhd), and Bangladesh Power Development Board (BPDB), the company will develop a 50-megawatt (MW) utility-scale solar farm in Dhaka, the capital of Bangladesh.
BPDB is governed by the power division of Bangladesh’s Ministry of Power, Energy and Mineral Resources.
The US$80 million (RM334.4 million) project is expected to supply BPDB with 50MW alternating current (MWAC) of clean solar electricity, which is sufficient to power one-third of the surrounding area demand.
The Mymensingh project is located in sub-district Gouripur, Bangladesh.
The construction is expected to commence in 2017 and the project is scheduled to begin providing power to BPDB by early 2018.
The project is developed by Ditrolic Solar in partnership with Bangladeshi-based IFDC Solar Power (BD) Ltd and Singapore-listed SHS Holdings Ltd.
In a statement issued by the company on Oct 24, Ditrolic CEO Tham Chee Aun said the project marks a big milestone for the company’s growth in the industry.
“We have grown from installing our first two-piece solar panel project seven years ago to a 50MW solar project covering more than 150 acres (60.70ha) of land now.
“We are especially proud that we are a homegrown Malaysian company that has made a mark internationally with our experience in Malaysia,” said Tham, who is also MD at HDFC Sinpower.
Ditrolic is primarily involved in engineering, procurement and construction (EPC).
To date, the only other known potential solar power plant project by a Malaysian company matching the scale of this project is Edra Power Holdings Sdn Bhd’s 50MWAC solar panel farm in Kuala Ketil Kedah costing RM400 million.
According to a local daily news report in May 2016, its president and ED Datuk Mark Ling said the project will see the conversion of a 200-acre piece of agriculture land into an industrial site. However, to date, it remains unknown if Edra has already inked a PPA for this project.