Bangladesh Solar Energy Bangladesh Solar Energy Development ForumDevelopment Forum

Munawar Misbah MoinMunawar Misbah MoinManaging Director, Rahimafrooz Renewable Energy Ltd.Managing Director, Rahimafrooz Renewable Energy Ltd.

Senior Vice PresidentSenior Vice PresidentBangladesh Solar & Renewable Energy AssociationBangladesh Solar & Renewable Energy Association

September 20, 2011 September 20, 2011 Dhaka, BangladeshDhaka, Bangladesh

Where we areWhere we are……1.1 million Solar Home System (SHS) 

60 MW of solar PV installation

30+ solar water pumping system

50,000+ green jobs

1 MWp of solar hybrid solution

USD 3 million/year worth of carbon credit

750+ KWp of rooftop solution

40+ solar 

powered 

BTS

Urban area power scenario :

National Peak generation : 5,100 MW, Appx. Shortfall : 1,500 MW

DESCO requirement : 550 – 700 MW per day

DESCO power supply : 300 ‐ 350 MW per day

Rooftop solar perspective Rooftop solar perspective

Mitigation through smart & efficient energy generation mix is essential for the incremental requirement…

Rooftop Solar solution can play a key role in achieving the above goal

Scope:

500,000++ buildings in Dhaka and Chittagong

Standard 5KWp rooftop solution can generate 2.5GWp of Solar Energy

1GWp of rooftop solution can generate 1.15 million CER/annum 

equivalent to USD 25 million

Rooftop solar perspectiveRooftop solar perspective

Status:

App. 500+ KWp of rooftop solar power installed for new power connection

App. 250+ KWp of rooftop solar power installed in govt. institutions

Policy initiatives: 

Mandatory solar power system for new power connection

Directives for installation of solar system in all the govt. offices

Stand‐alone system:

Grid independent PV System with battery back‐up

Rooftop solar solutionRooftop solar solution

Grid‐tie system:

a. Grid feed‐in

PV System (without battery) that produce power to the facility 

and also feeds to the grid 

a. Grid connected 

PV System (without battery) that produce and supply power to 

the facility directly without feeding to the grid

StandStand--alone Systemalone System

Battery

Energy

ConsumerSolar Metering

PV Array Charge Controller

Inverter

Grid Tie SystemGrid Tie System

TransformerGrid Metering

Inverter

Energy

Consumer

Solar Metering

PV Array

ATS

Generator

Energy Cost ComparisonEnergy Cost ComparisonCurrent Generation (as on 2011)

85%  – Gas 

Levelized Cost of generation : BDT 17/kWh

Expected Generation (as on 2015)

52% ‐ Gas

23% ‐ Coal 

25% ‐ HFO/Diesel/ Hydro

Levelized Cost of Generation will be BDT 22/kWh

GREEN INCENTIVE equivalent to levelized generation cost will make Solar Energy viable

Rooftop model : HouseholdRooftop model : Household

System Assumptions:

Standard system size : 10 KWp n above

Project owner : Real Estate developer or 

Solar PV ESCO

Financial Assumptions & Outcomes:

Soft loan @ 6% per annum for 15 Yrs  

Green energy incentive : BDT 22/kWh

Consumer Solar energy tariff : Current tariff

IRR : 12%

All IPP benefits

Rooftop model : Rooftop model : Industry/CommercialIndustry/Commercial

System Assumptions:

Standard system size : 50 KWp n above

Project owner : Industry/Commercial 

building owners or Solar PV ESCO

Financial Assumptions & Outcomes:

Soft loan @ 6% per annum for 15 Yrs  

Green energy incentive : BDT 22/kWh

Industrial/Commercial Solar energy tariff : Current tariff

IRR : 12%

All IPP benefits

Rooftop Model : GOBRooftop Model : GOBInitiatives:

Share of Renewable at least 10% of Connected Load in each building 

Solar Power system in all Key Installations

Installations of Solar Power in all Off‐grid Units

Benefits Expected:

Green energy mix for incremental requirement

New sector in clean energy development and 

job creation 

Green Incentive Budget ‐ BDT300 crore/100 

MWGenerate CER FC savings Many more

Implementation model Implementation model

Development Partners

GOB

Monitoring Agency

Financial Institution

ConsumerSolar PV ESCO

Soft fund mobilization

(Source: Own fund, DP fund)

‐ Policy‐ System standardization‐ Compliance

Compliance

System installation

Solar tariff

Green Incentive

Soft financing +TA

Repayment

Soft financing

GOB :

Soft, Long term fund mobilization from DPLong term RE Financing through FI System standardization & benchmarkingPolicy measures

Development partners : Providing soft loan + TA

Financial Institutions : RE Financing portfolio 

Monitoring Agency : Compliance to policy & standards 

Solar PV ESCO : System installation, Maintenance & After sales service

Role Role

Lets make it happen by doing it…

Thank you