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View all search resultsPLN eyes renewables expansion via 495 MW Bangladeshi solar project
The state-owned electricity firm's power generation subsidiary, PLN IP, has signed an agreement with Bangladesh's Bay Group to explore renewable power development in the country, including opportunities to bid on national solar power projects.
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Fishers refill their onboard cooling system using a solar-powered seawater cooling pump at a pier in Maratua, Berau regency, East Kalimantan, in this file photo from October 2017. (JP/Syafrizaldi)
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T PLN Indonesia Power (PLN IP), the power generation arm of state-owned electricity company PLN, is expanding its renewable energy business by targeting a 495 megawatt (MW) solar power project in Bangladesh.
The expansion was formalized through a memorandum of understanding (MoU) signed between PLN IP and Bangladeshi conglomerate Bay Group on exploring solar power plant development in the South Asian country.
PLN IP president director Bernadus Sudarmanta said the collaboration marked its first foray into Bangladesh as part of its international expansion strategy, particularly in the renewable energy sector.
“This is our first project in Bangladesh, and we hope it will proceed well,” Bernadus said on Friday, as quoted by Kompas.com.
“We see this cooperation as a strategic step to strengthen the company’s position in the global market.”
The agreement presents an opportunity for PLN IP to participate in a tender process for solar power projects to be developed by the Bangladesh Power Development Board (BPDB) across 10 strategic locations in that country.
Bay Group has appointed its affiliate Copenhagen Urban Solar Parks BD LTD (CUSP), a Denmark-Bangladesh company specializing in solar energy development, as a development partner in the new project.
