Bangladesh, Aug. 25 -- GBB Power has stepped into the renewable energy business with a 25-year deal, under which it will develop a 5.005-megawatt ground-mounted solar plant at Cumilla Cantonment.

Advertisement With the deal, the company has steered its business in a different direction after its operations had remained suspended for a long time.

The company said in a stock exchange filing on Monday that its subsidiary, Solaron Power, had signed the agreement with the Station Headquarters, Cumilla Cantonment, under the 33rd Infantry Division of the Bangladesh Army.

Under the agreement, the plant will be installed, owned and operated by Solaron Power before being transferred under the agreed arrangement.

GBB Power holds a 70 per cent s...