ADB and partners fund a $24.3M solar plant in Bangladesh to boost renewable energy and reduce emissions.

The Asian Development Bank (ADB) has signed a $24.3 million financing deal for a 20 MW solar power plant in Bangladesh. The project, led by Muktagacha Solartech Energy Limited (MSEL), a subsidiary of Joules Power Limited, will generate 37.9 gigawatt-hours of electricity annually and prevent 18,344 tons of carbon dioxide emissions. The financing includes a $15.5 million loan from ADB and an $8.8 million loan from LEAP 2. This project aims to boost renewable energy in Bangladesh and promote private sector involvement in sustainable energy solutions.

December 02, 2024
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