Skypower to invest $4.3b in Bangladesh solar power sector

Skypower Global, one of the world's largest and most successful utility-scale solar power producing companies, will invest 4.3 billion US dollars in solar power sector in Bangladesh.

Kerry Adler, president and CEO of the Canada-based multinational company, announced this at a roundtable meeting of the Business Council for International Understanding (BCIU) with Prime Minister Sheikh Hasina at Hotel Waldorf Astoria in New York on Friday.

PM's Press Secretary Ihsanul Karim said the company agreed for the investment to set up a 2,000-megawatt solar power plant in next four years in Bangladesh.

The company will set up its office in Tungipara, the birthplace of Hasina which will create job opportunities for 42,000 people. Besides, the company will donate Bangladesh 1.5 million home lanterns.

Addressing the meeting, Hasina said opportunities are enormous for investment in Bangladesh's shipbuilding, pharmaceuticals, jute and jute good production, light engineering and sea resources exploration sectors as well.