Teknaf Solar PV Plant
Sector: Manufacturing (Industrial) • Location: Chittagong, Bangladesh
Source: World Bank Group
The project involves the development and construction a 28 MW solar PV plant, located on a 116-acre remote part of Cox’s Bazar, Aukhali, Hinla, Teknaf, far south-eastern Bangladesh. Sponsors of the project are Joules Power (95%) and an undisclosed Chinese supplier (5%). The SPV is called Teknaf Solartech Energy. The debt funding amounts to $ 25 million of which Standard Chartered provided $15 mill
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Power Generation (CCGT), Raw Materials, Solar, Commercial, Government
- Location
- Chittagong, Bangladesh
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project involves the development and construction a 28 MW solar PV plant, located on a 116-acre remote part of Cox’s Bazar, Aukhali, Hinla, Teknaf, far south-eastern Bangladesh. Sponsors of the project are Joules Power (95%) and an undisclosed Chinese supplier (5%). The SPV is called Teknaf Solartech Energy. The debt funding amounts to $ 25 million of which Standard Chartered provided $15 million dual currency loan and around $10 million BDT equivalent (BDT 824 million) was provided by local banks: One Bank (BDT 458 million or 5.32 million), Saudi-Bangladesh Industrial & Agricultural Investment (SABINCO) – BDT 183 million or $ 2.15 million and Shahjalal Islami Bank – BDT 183 million or $ 2.15 million. Given the 70:30 debt-to-equity ratio, it can be estimated that the project cost is $ 35.71 million. The electricity will be purchased based on 20-year PPA whereby the plant will supply power to offtaker Bangladesh Power Development Board (BPDB) at $0.13 per KWh. The transaction reached financial close on 10 May 2019. https://ijglobal.com/data/transaction/46568/teknaf-solar-pv-plant-28mw https://ijglobal.com/articles/139964/teknaf-solar-bangladesh |
Original sector | Energy |
Budget |
Location
Country | Bangladesh |
State | Chittagong |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Power Generation (CCGT), Raw Materials, Solar, Commercial, Government |
Article published date | 2024-05-28 |
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