Bangladesh, Aug. 24 -- GBB Power Limited is set to invest up to Tk 60 million in a 5.005 MWp ground-mounted solar power plant at Cumilla Cantonment under a 25-year power purchase agreement with the Bangladesh Army.

Advertisement The listed power company will implement the project through its subsidiary, Solaron Power Limited, which has entered into the agreement with the Station Headquarters, Cumilla Cantonment, 33rd Infantry Division, Bangladesh Army, according to a stock exchange disclosure on Monday.

The project will be developed under an OPEX/BOOT (Build, Own, Operate and Transfer) model, under which Solaron Power will install and operate the solar plant and supply electricity for 25 years from the commercial operation date.

GBB P...