ACWA Power signed power plant agreement with Bangladesh earlier this week Bangladesh has for months been struggling with acute energy crisis DHAKA: A 1,000-megawatt photovoltaic power facility planned in partnership with a Saudi power giant was expected to help Bangladesh resolve its energy crisis, authorities in Dhaka said on Wednesday. Bangladesh, which is dependent on imported liquefied natural gas, has been struggling with an energy crisis for the past couple of months. On Monday, the Bangladesh Power Development Board, an agency under the Ministry of Power, Energy and Mineral Resources, signed a memorandum of understanding with Saudi Arabia’s ACWA Power to set up a 1,000-megawatt solar power facility in the South Asian country. “It’s a first track initiative to resolve the ongoing energy crisis to some extent,” Mohammad Hossain, director general of the BPDB, told Arab News. He estimated that the project would comprise up to five power plants, cost around $3 billion, and would not take long to complete. “It doesn’t take much time to implement solar power plant projects ... If everything goes well, we can expect within the next two years that these solar plants will be able to go for production.” Authorities are now looking for appropriate land where the solar farm could be established. “It can be on public land or ACWA Power can also propose some private land,” Hossain said. “Based on that we will conduct a feasibility study of the project.” The facility would also help Bangladesh achieve its target of generating 40 percent of its energy from renewable sources by 2041. With a total installed electricity generation capacity of 25,700 megawatts, the country’s current power generation mix comprises only 3 percent renewables. “This kind of 1,000-megawatt project will help us to meet the target,” Dr. SM Nasif Shams, director of the Institute of Energy at the University of Dhaka, told Arab News. “If we can secure this Saudi investment in the renewable energy sector, it will be a very positive thing for Bangladesh.” The project would not only contribute to Bangladesh’s clean energy goals but also to its energy resilience. Since mid-July, the government has been resorting to daily power cuts amid high global prices driven up by Russia’s war in Ukraine. Industries have been forced to remain idle for several hours a day as they do not receive sufficient power to run their operations. In early October, some 80 percent of Bangladesh’s 168 million people were left without electricity after a grid failure, which occurred when more than one-third of the country’s gas-powered units were short of fuel. “Considering the present situation, it’s difficult to import fossil fuel from foreign countries,” Shams said. “If we can generate our own energy using renewable sources like sunlight or wind, this is always positive as we don’t have to import fossil fuel. And it’s also environment friendly.”