Unlocking solar power investment in Bangladesh

Unlocking solar power investment in Bangladesh
25 July 2017

IDCOL and Ricardo host conference on unlocking solar power investment in Bangladesh

Investors, sponsors and government officials in Bangladesh will strengthen their capacity to develop bankable solar power projects at a conference hosted by renewable energy experts from the Infrastructure Development Company Limited (IDCOL) and Ricardo Energy & Environment, UK

The conference, ‘Unblocking Solar Independent Power Producer (IPP) Investments’, will be held on 26 July, 2017, in Dhaka, Bangladesh. Expert speakers from IDCOL and Ricardo will provide technical insight to help attendees to leapfrog the traditional challenges faced in securing private sector IPP investments for solar power projects.

The Government of Bangladesh’s renewable energy policy envisages that 10 % of the country’s total energy production will be generated by renewable sources by 2021. Grid connected solar parks are predicted to play an important role in meeting this target, and solar energy presents an attractive opportunity for investors. However, there are several challenges to financing and developing a power sector project that must be overcome to deliver an acceptable, low risk return for private sector investors. 

The IDCOL and Ricardo led conference will discuss what constitutes a successful IPP structure and explore how to develop effective Power Purchase Agreements for solar parks. Expert speakers will also offer practical guidance on selecting the most appropriate site, technology and capital structure for a project. Throughout the conference, attendees will have the chance to network and discuss their specific solar power plans.

“We are privileged to be joined by representatives from Bangladesh’s government and financial sector to discuss how to unlock investment for solar power,” said Mr Ashish Kulkarni, Ricardo Energy & Environment Principal Consultant. “I hope that the conference will provide valuable insight on how to structure a profitable solar power project which contributes positively to the government’s ambitious renewable energy plans.” 

Presentations will be provided by three of Ricardo’s  Principal Consultants - Mr Ashish Kulkarni (solar photovoltaic specialist), Mr Mate Antosik (financial advisor) and Mr Mohammad Arbaaz Nayeem (institutional development & corporate structuring specialist). Ricardo’s energy teams provide power sector planning support to governments, public sector organisations and utility companies throughout the world. They offer independent and unbiased market, technical and environmental advice to support clients implement bankable and sustainable power systems.

Find out more about Ricardo’s work supporting the development of renewable energy systems at https://ee.ricardo.com/energy/renewable-energy