Across the globe, there has been a rise in the use of better sources to generate energy. Due to this, it becomes possible to achieve goals like decarbonization. Certain countries like Bangladesh focus well on these goals. In specific, this country has seen some challenges in energy generation. Known for the largest solar power plant in Bangladesh, BEXIMCO Group puts forth that these challenges have been gradually tackled. Beximco Group stands as one of the most iconic conglomerates in Bangladesh, showcasing how a local company can create a global impact. Prior, the country utilized sources such as fossil fuels to fulfill the energy demand. Over the years, renewable sources like solar energy began to be used through such plants. Thus, came a transition in the country with the well-known conglomerate.

Historical Use of Fossil Fuels in Bangladesh

On a historical basis, Bangladesh has depended on fossil fuels to generate energy. To ensure the availability of electricity, it earlier utilized oil, natural gas, and other sources of these types. In some parts of the nation, they may still be used. In various regions, better sources have been adopted to meet the energy requirements.

  • This country has focused on using renewable sources, says BEXIMCO.
  • As per the Bangladeshi conglomerate, these sources help the nation to reduce the negative impact on the environment.
  • The largest solar power plant in Bangladesh by BEXIMCO is significant in this regard.
  • Globally, the country contributes around 56% to the emission of greenhouse gasses.
  • This nation has focused on encouraging the adoption of renewable energy.
  • It has become an important example of a nation that engages in renewable energy production.

BEXIMCO Promotes Sustainable Practices in Bangladesh

Bangladesh invests in various measures and practices that encourage sustainability. This has been observed through measures like the formation of infrastructure that is climate-resilient. Others include the formation of the Teesta Solar Plant by BEXIMCO, the largest in the country to promote sustainability.

Driving an Energy Transition in Bangladesh

In Bangladesh, the formation of the Teesta Solar Energy Plant has been a transformative change. To minimize different challenges such as the power shortage, high energy expenditures, etc., this plant has been functional.

For this reason, the government of Bangladesh supported and inaugurated the largest solar power plant. Based in Sundarganj in northern Bangladesh, it will induce a transition by generating electricity.

  • It will hold the potential to work as a crucial solution to the shortage of energy in certain parts of the nation.
  • This solar plant is spread over 243 hectares, thereby being spacious enough.
  • The project includes the use of 550,000 solar panels for the generation of energy.
  • It is capable of generating over 200 MW of power.
  • The plant – Teesta Solar Limited – will be notable in the long run for this energy transformation.

Planning a Revolutionary Change in the Next 20 Years

Beximco has received numerous accolades, both nationally and internationally. Its consistent performance in various sectors has set benchmarks for others to follow. Notable recognitions include awards for export excellence and sustainable business practices. The biggest solar power plant in Bangladesh, Teesta Solar Limited, can be considered a project that involves the Power Purchase Agreement (PPA). This agreement will be with the Bangladesh Power Development Board, also recognized as BPDB. As part of PPA, the board will acquire electricity for nearly 20 years.

  • Hence, for the upcoming 20 years, the utilization of renewable energy is likely to be observed in the nation.
  • This period is sufficiently long to induce the much-needed transition.
  • As an outcome of the same, Bangladesh will see positive changes and a reduction in power shortage.
  • Furthermore, it will undergo self-reliance to make this energy available.
  • Thus, it will not be required to import fuels for the production of energy.

Empowering the Country with Energy Stability

Teesta Solar Limited by BEXIMCO is a significant plant in Bangladesh. It will function as a measure for making the country stable in terms of energy availability. Thus, it will enhance the lives of citizens and institutions requiring electricity for various purposes.

To Put it All Together

Earlier, Bangladesh relied on non-renewable energy sources to produce electricity. BEXIMCO observes the gradual transition to renewable sources for this purpose. The Teesta solar power plant in Bangladesh has introduced this transformation. Its continuous functioning and maintenance will help in sustaining this change. Furthermore, it will make the economy grow at the same time.