Grameenphone and Tetra Tech, implementing partner of the USAID Bangladesh Advancing Development through Energy (BADGE) Project, have signed a Memorandum of Understanding (MoU) to collaborate on developing a policy framework for corporate power purchase agreements (CPPA) in Bangladesh.
The MoU highlights the vital importance of private investments and partnerships in advancing sustainable development goals and accelerating the adoption of renewable energy solutions in Bangladesh.
CPPA models enable businesses to purchase some or all of their electricity directly from renewable sources, such as wind, solar, hydro, or biomass power plants, without relying on traditional power utilities.
The MoU was signed by Hans Martin Hoegh Henrichsen, Chief Corporate Affairs Officer, Grameenphone and Ed Elrahal, Chief of Party (Tetra Tech), USAID BADGE project on behalf of their organization at a ceremony held at the GPHouse, Dhaka on March 18.
Hans Martin Hoegh Henrichsen, Chief Corporate Affairs Officer, Grameenphone, said “The framework aims to establish essential guidelines and procedures for effectively implementing the CPPA Policy, reaffirming Grameenphone's strong dedication to sustainability.
Randy Ali, Deputy Mission Director ,USAID commented, "This partnership with Grameenphone reflects the shared commitment between the United States and Bangladesh to pave the way for greater renewable energy solutions, ensuring a brighter, greener future."