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Envision Energy signs 20-year PPA in Bangladesh

Envision Energy has signed a Power Purchase Agreement (PPA) with Bangladesh's state-owned utility, Bangladesh Power Development Board (BPDB), the company announced.

Image: PixabayImage: Pixabay

Envision Energy will build a 55MW wind farm at Mongla in Bagerhat, and BPDB will purchase all the electricity generated from this wind farm at a levelized tariff of US$ 13.20 Cents, equivalent to Tk 10.56 per kilowatt hour over the period of 20 years. 

Mongla Wind Farm will be equipped with Envision's 171-4.5 MW turbines and is expected to be completed by 2024. It is Bangladesh's second major wind project, after its first 60MW Cox's Bazar project, which is also equipped with Envision's wind turbines. The energy generated from the wind farm will be used in the Mongla region and will help reduce the equivalent of 110,000 tones of CO2, annually.

"We are excited to be working with Envision, to generate clean energy for the grid and to significantly contribute towards Bangladesh's renewable energy goal." Mr. Mahbubur Rahman, Chairman from BPDB said.

Windfair Editors
Envision Energy, Bangladesh, wind farm, PPA, country, electricity, CO2

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