Robi Axiata PLC. has signed a tripartite Memorandum of Understanding (MoU) with FloSolar Solutions Ltd. and GreenPower Asia to form a Special Purpose Vehicle (SPV) for the development and operation of a 100 MWp solar power park.
Under the partnership, an initial shortlist of several sites has been designated, and the final site location will be decided after conducting a detailed feasibility study.
Under the agreement, Robi will procure power according to the company’s requirements through a Corporate Power Purchase Agreement (CPPA), marking a transformative step in Bangladesh’s renewable energy landscape.
The power plant will be installed under the government’s recent draft policy allowing Merchant Power Plants, enabling private entities to develop and sell power without long-term government off-take agreements, said a press release.
The MoU was signed on May 7, 2025 at Robi corporate headquarters in Dhaka. The signatories included Perihane Elhamy Ahmed Metaweh, Chief Technology Officer, Robi Axiata PLC; Mustafa Azim Kasem Khan, Founder and Managing Director, FloSolar Solutions Ltd; and Pierrick Morier, President, GreenPower Asia.
Robi Acting CEO & CFO M. Riyaaz Rasheed and Sahed Alam, Chief Corporate and Regulatory Officer of Robi. Julien Duer, Head of the Economic Department at the French Embassy in Dhaka, acknowledged and appreciated GreenPower Asia’s strong investment intent in the project.
Tashfiqul Alam Khan, Technical Director of FloSolar Solutions Ltd., was also present at the ceremony.
Robi Acting CEO & CFO M. Riyaaz Rasheed said “Together with FloSolar and GreenPower Asia, we’re setting a bold example in renewable energy, driving real impact toward climate resilience.”
Perihane Elhamy Ahmed Metaweh, CTO of Robi Axiata PLC, remarked, “This partnership is a game-changer in our sustainability journey, combining innovation, policy enablement, and strategic collaboration. By securing 100 MWp of renewable energy through a CPPA, we are not only reducing our reliance on fossil fuels but also driving cost efficiency and ESG leadership in Bangladesh’s telecom sector.”
Mustafa Azim Kasem Khan, Founder and Managing Director of FloSolar Solutions Ltd., added: “The proposed solar park exemplifies how public-private synergies through innovative Government policiescan accelerate renewable energy adoption and ultimately lead to a lower levelised cost of energy. We thank our foreign partner GreenPower Asia for their support to mobilise foreign direct investment (FDI) at scale and confirming the potential for scale of bankable renewable energy projects in the country. This project will serve as a model for future merchant-based clean energy initiatives in Bangladesh.”
Pierrick Morier, President of GreenPower Asia, stated: “Our collaboration with Robi and FloSolar underscores the transformative potential of solar energy in emerging markets. This project will contribute to both energy security and environmental sustainability.”
The project is expected to reduce 68,200 tonnes of co2 per year.