Bangladesh has approved construction of a 220 MW solar power plant in Sonagazi, the largest photovoltaic project in the country to date.
The Executive Committee of the National Economic Council (ECNEC), chaired by Chief Adviser Muhammad Yunus, cleared the project on Monday with a budget of Tk 18.88 bn ($154.4 mln). The Islamic Development Bank will provide $143.28 mln in loan financing, while the government and the state-run Electricity Generation Company of Bangladesh (EGCB) will cover the remainder.
EGCB will develop the plant on 634 acres next to its existing 75 MW solar facility, which has been supplying...