BANGLA SUN SOLAR ENERGY LIMITED
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The project is a 50-megawatt (MW) solar photovoltaic (PV) power plant in Nilphamari district, which is being developed by Scatec Solar through a SPV named Bangla Sun Solar Limited (BSSL). The project is located in village Baish Pukur, Upazila (Sub-district) Dimla; District Nilphamari; Rangpur Division of North Bangladesh using more than 100 hectares of privately purchased land. The development activity of the project has been started from 2019 and is expecting to generate electricity from 2021.
What is our funding objective?
By implementing the proposed Covid-19 CD project, the underlying PV Project and its employees in Headquarter, local or project site level will acquire more knowledge on the management and mitigation measures of COVID-19, key strategies of business operation and restarting in and post emergency through organizing training and peer learning sessions. This improved knowledge can be transferred to the project stakeholders and community through advocacy and consultations, using of print medias etc. The supply of PPE will enable the service providers to continue uninterpreted service delivery and enabling people’s access to safe water and hand washing facilities will help to mitigate further spreading of COVID-19 in the project area and neighborhoods.
Why do we fund this investment?
The client’s programme responds to the imminent pandemic relief needs of local communities and workers in and LDC (Bangladesh). The action items relate to sanitation infrastructure, community awareness raising, training. PPEs and hospital supplies for vulnerable populations. These include women, BoP communities and daily laborers.
- Region
- Asia
- Country
- Bangladesh
- Sector
- Energy
- Effective date
- 9/8/2020
- Total FMO financing
- EUR 0.04 MLN
- Funding
- AEF-I
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+