Out of the 27 solar power projects canceled during the interim government, the government brought back 6. For this, an agreement has been made to reduce the purchase price of electricity from the centers by an average of two and a half cents ($1 per 100 cents). Besides, six new solar power projects have been approved. The total generation capacity of these 12 new projects is 918 MW. The projects are to be launched within the next two years.
Power Development Board sources said that after the interim government took over in August 2024, 31 solar power projects approved under the Electricity-Fuel Rapid Supply Act during the Awami League government were cancelled. The interim government said that these projects in various stages of construction were canceled after the relevant controversial law was repealed. Among these canceled power plants were 27 solar and four wind and hydropower projects with a capacity of 2,724 MW.
A PDB official said they had invited phased tenders for 55 solar power projects from December 2024 to June 2025. The total capacity of these projects was estimated to be 5 thousand 238 MW. Agreements have been signed with respective bidders for 12 projects. These include 6 projects canceled during the interim government. Remaining 6 projects are new.
There has been some saving for the government in terms of purchase price due to cancellation of previous tenders and fresh tenders. According to sources, the electricity price of the 31 canceled projects ranged from a high of 8.32 cents to a low of 7.49 cents per unit. The average cost of electricity in these projects was 7.93 cents. Purchase prices fell by an average of 2 cents across the 12 newly signed projects.
Rezaul Karim, Chairman of PDB, told Ajker newspaper, “We have signed a contract for 12 solar power projects at the private level in various stages as a continuation of the government’s plan. New projects are here as well as previously dropped projects. We will issue tenders for several more projects to meet the target of solar power generation.’
Renewal of old contracts
Letters of Interest (LOIs) were issued in 2022 in favor of two Korean companies and a local company to set up a 70 MW plant at Ishwardi in Pabna. The unit price of electricity in this project was 10.15 cents. In August 2025, the LOI was canceled and the work was given to Paramount Holding and Paramount Textiles Joint Venture. This time the price per unit is 7.90 cents.
A consortium of Infraco Asia, Greencell GmbH and Global Greengen was awarded the job in January 2024 to set up a 10 MW power plant at Sudharam in Noakhali. The cost of electricity per unit was fixed at 9.97 cents. After the cancellation of that contract in August 2025, a new contract was awarded to a joint venture company named Mahin-Vidyulanka. The price of electricity here is 7.49 cents per unit.
A consortium of ASK, AJ and ENITN Solutions was awarded the job of constructing the 50 MW plant at Jaldhaka in Nilphamari. The price of electricity produced by them was estimated at 9.98 cents per unit. However, in the new tender, the Concorde-Progress consortium has contracted to supply electricity at 8.26 cents.
A consortium named Detronic SA International and Powernetic Energy was awarded the task of setting up a 100 MW plant at Machuakhali in Cox’s Bazar. They were given the job at 9.98 cents in October 2023, but there was little progress. After cancellation of the contract in August 2025, the work has now been given to Confidence Power Bogra Unit-II Limited at 8.09 cents.
Another 100 MW plant near Cox’s Bazar 132/33 KV grid substation was awarded to KAI-Altech consortium. The price per unit was set at 9.89 cents. After the contract was terminated in October 2025, the work was reassigned to a joint venture between China Northeast Electric Power Engineering and Service and BM Star Trade. The price per unit is assumed to be 6.53 cents.
In February 2024, Asian Entech Power Corporation and Ageer Consortium were awarded the contract to set up the 100 MW plant at Mongla in Bagerhat. The price per unit was set at 9.95 cents. That contract was canceled and the joint venture of Confidence Power Bogra Unit-II and Asian Entech Power Corporation was re-assigned. The price per unit has been fixed at 8 taka 09 paisa.
Six new centers
FGL-FHL-GBB consortium has been given the task of setting up 18 MW power plant at Hathazari, Chittagong. They are priced at 8.32 cents per unit.
Karnaphuli-Infraco Consortium is constructing a 45 MW power plant at Fatikchari in Chittagong. The price per unit is fixed at 7.77 cents. Confidence Power Holding is setting up another 200 MW plant at Phatikchari. The price per unit is fixed at 7.75 cents. Paramount Holding and Paramount Textile Joint Venture are constructing a 25 MW power plant in Moulvibazar. The price per unit is fixed at 7.66 cents.
The 50 MW (under construction) plant at Nabiganj in Habiganj has been acquired by Paramount Holding and Paramount Textiles Joint Venture. The price per unit is fixed at 8.13 cents.
Apart from this, Paramount Holding and Paramount Textiles Joint Venture is setting up a 150 MW plant in Pabna. The price per unit is fixed at 7.89 cents.
Shafiqul Alam, chief analyst of the Institute of Energy Economics and Financial Analysis (IEEFA), an expert in the power sector, told Ajker newspaper, ‘If these projects can be implemented, it can be a benchmark for the future. The government’s initiative to reduce prices through new tenders will also be successful. Through these 12 new projects, the interest of investors is also clear. Besides, it was also seen that it is possible to get solar electricity at a lower price.
