Joules Power Limited, Bangladesh

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PROINSO and its client Joules Power Limited won the Asian Power Award 2018 in the category “Solar Power Project of the Year – Bangladesh” for the 28MWp project in Teknaf, Bangladesh. The project is the first large-scale solar plant in Bangladesh and the first step towards the government’s target of producing 2,000MW of solar power by 2021. The project’s foreign currency financing was arranged by Standard Chartered Bank, with a risk guarantee provided by GuarantCo – part of the Private Infrastructure Development Group (PIDG). The local currency component was arranged by a consortium of Bangladeshi Banks led by One Bank Limited.