I Scatec Solar, a Norwegian power producing company, will set up an 800MW solar power plant in Chandpur at $1.0 billion.
I Scatec Solar and Bangladesh Economic Zones Authority (Beza) signed a memorandum of understanding (MoU) for setting up the plant in Dhaka on Tuesday, according to a Beza press release.
A total of 3,002 acres of land will be required for setting up the power plant, said the Norwegian firm.
Beza Executive Member Md Harunur Rashid and I Scatec Solar Vice-President Morten Langshold signed the MoU.
Beza Executive Chairman Paban Chowdhury and Ambassador of Norway to Bangladesh Sidcel Blekenmn were present at the program.