For utilities, government & IPP stakeholders
Independent Power Producer
Utility-scale solar, developed to a bankable standard.
We take grid-connected solar from land and feasibility to financial close, commercial operation and 20 years of O&M — structured the way BPDB, PGCB and lenders expect to see it.
Pabna · 50 MWp · in development
- Project size
- 10–200 MW
- Contract
- BOO · 20-yr PPA
- Offtaker
- BPDB
- Land intensity
- ~3.5 acres/MWp
The engagement
One accountable sponsor from site selection to year twenty.
Bangladesh needs roughly 25 GW of new capacity by 2041. We bring land, capital and delivery discipline so the offtaker contracts energy, not project risk.
- Peak demand by 2030
- 30–33 GW
- Renewables in the mix
- 5–6%
Develop
Site, resource and grid studies, land assembly and permitting, to a feasibility report lenders can rely on.
GateBankable feasibility study
Finance
PPA and implementation agreement negotiated, debt raised from DFIs and local banks, equity committed by the sponsor.
GateFinancial close
Build
Fixed-price turnkey EPC with Tier-1 equipment, the dedicated line to the PGCB substation and witnessed commissioning.
GateCommercial operation date
Operate
Availability-guaranteed O&M with SCADA data to the grid operator and monthly reporting to the offtaker and lenders.
Gate20 years of dispatch
Emerged Power carries
- Land acquisition or long-term lease
- All development and permitting risk
- Equity and debt raising
- EPC delivery and interconnection works
- O&M, insurance and performance reporting
The offtaker provides
- Long-term PPA with a clear tariff
- Implementation agreement and payment security
- Grid access at an agreed substation
- Timely witnessing of tests and COD
PPA structure
How the contracts, capital and electrons move.
A ring-fenced project SPV holds every contract. Lenders see one borrower, the offtaker sees one seller, and risk sits with the party best placed to manage it.
- LendersDFIs · local banksDebt
- Equity sponsorsEmerged + co-investorsEquity
- Government (GoB)Power Division · IAImplementation agreement
- Project SPVOwned by EmergedBuild
- RegulatorsBERC · SREDA · DoELicences & clearances
- EPC contractorFixed-price, turnkey
- BPDB offtakerSingle buyer · PPADispatch
- O&M operatorAvailability-backed
- PGCB grid132 kV interconnection
01Capital in
LendersDFIs · local banksEquity sponsorsEmerged + co-investorsDebt & equity into the SPV02Sovereign & regulatory
Government (GoB)Power Division · IARegulatorsBERC · SREDA · DoEImplementation agreement, licences & clearances03Project company
Project SPVOwned by EmergedEPC and O&M contracts out04Delivery
EPC contractorFixed-price, turnkeyO&M operatorAvailability-backedEnergy sold under the PPA05Offtake & grid
BPDB offtakerSingle buyer · PPAPGCB grid132 kV interconnection
Commercials
Indicative project terms
The starting position we take into a tender or negotiation. Final terms follow the solicitation, grid study and lender requirements.
Request the pipeline pack| Contract model | Build-Own-Operate (BOO)Ownership stays with the SPV for the PPA term |
|---|---|
| PPA tenor | 20 years from COD |
| Offtaker | Bangladesh Power Development BoardSingle-buyer model |
| Tariff basis | Energy-only, no-electricity-no-paymentUS¢/kWh, paid in BDT at the prevailing rate |
| Payment security | GoB implementation agreement |
| Capital structure | 70–75% debt · 25–30% equity |
| Debt tenor | 12–15 yearsIncluding construction grace period |
| Interconnection | Dedicated line to a PGCB 132/33 kV substationSubject to grid impact study |
| Curtailment | Deemed-energy provisions negotiated in the PPA |
Development lifecycle
Thirty months from feasibility to first dispatch.
Six gated stages. Nothing moves to the next gate without a signed deliverable — which is what lenders' technical advisers audit.
- 01
Step 01 · Months 0–6
Feasibility
Irradiance and yield modelling, grid impact study with PGCB, pre-feasibility and letter of intent.
- 02
Step 02 · Months 3–12
Land
Non-agricultural or char land aggregated, title diligence, DoE site clearance and community consultation.
- 03
Step 03 · Months 9–18
Financing
PPA and IA signed, lenders' due diligence, E&S assessment and financial close.
- 04
Step 04 · Months 18–30
Construction
Piling, mounting, modules, inverter stations, 132 kV substation bay and transmission line.
- 05
Step 05 · Month ~30
COD
Witnessed performance tests with BPDB and PGCB, then commercial operation declared.
- 06
Step 06 · Years 1–20
O&M
Availability guarantees, module cleaning, SCADA to the load-dispatch centre, lender reporting.
Indicative durations for a 50 MWp ground-mount park. Tender-led projects follow the solicitation timetable; land and grid stages often run in parallel.
Discuss a site or tenderTrack record & pipeline
Delivered at C&I scale. Building toward the grid.
Operational plants prove our engineering and O&M; the utility pipeline applies the same discipline at 50 MWp and above.
MWp
Utility pipeline
4 projects, feasibility to financing
MWp
Featured C&I plants operating
Delivered and maintained by Emerged
yrs
PPA horizon
Operated by the sponsor throughout
- Pabna solar parkGround-mount · char land
- Location
- Pabna
- Capacity
- 50 MWp
- Offtake
- BPDB · 20-yr PPA
- Stage
- Financing
- COD
- 2028
- Sirajganj char solar parkGround-mount · char land
- Location
- Sirajganj
- Capacity
- 100 MWp
- Offtake
- BPDB · tender
- Stage
- Feasibility
- COD
- 2030
- Gaibandha solar + storageGround-mount + 20 MWh ESS
- Location
- Gaibandha
- Capacity
- 30 MWp
- Offtake
- BPDB · unsolicited
- Stage
- Development
- COD
- 2029
- Haor floating arrayFloating
- Location
- Kishoreganj
- Capacity
- 20 MWp
- Offtake
- BPDB · pilot
- Stage
- Feasibility
- COD
- 2030
- Net-metered array across a denim millNet-metering
- Location
- Narayanganj
- Capacity
- 2.4 MWp
- Offtake
- Captive · C&I
- Stage
- Operational
- COD
- 2024
- Hybrid rooftop for a knit composite plantHybrid rooftop
- Location
- Gazipur
- Capacity
- 1.8 MWp
- Offtake
- Captive · C&I
- Stage
- Operational
- COD
- 2025
- Floating solar pilot on an industrial lagoonFloating
- Location
- Mymensingh
- Capacity
- 1.2 MWp
- Offtake
- Captive · C&I
- Stage
- Operational
- COD
- 2026
| Project | Location | Capacity | Offtake | Stage | COD |
|---|---|---|---|---|---|
| Pabna solar parkGround-mount · char land | Pabna | 50 MWp | BPDB · 20-yr PPA | Financing | 2028 |
| Sirajganj char solar parkGround-mount · char land | Sirajganj | 100 MWp | BPDB · tender | Feasibility | 2030 |
| Gaibandha solar + storageGround-mount + 20 MWh ESS | Gaibandha | 30 MWp | BPDB · unsolicited | Development | 2029 |
| Haor floating arrayFloating | Kishoreganj | 20 MWp | BPDB · pilot | Feasibility | 2030 |
| Net-metered array across a denim millNet-metering | Narayanganj | 2.4 MWp | Captive · C&I | Operational | 2024 |
| Hybrid rooftop for a knit composite plantHybrid rooftop | Gazipur | 1.8 MWp | Captive · C&I | Operational | 2025 |
| Floating solar pilot on an industrial lagoonFloating | Mymensingh | 1.2 MWp | Captive · C&I | Operational | 2026 |
Pipeline capacities are indicative and subject to land, grid and tariff outcomes. Stage as at Q3 2026.
Regulatory & compliance
The paperwork an IPP lives or dies on.
Every project is structured around Bangladesh's regulatory pathway and the environmental and social standards development-finance lenders require.
Download Capability Profile- RJSCIncorporated
Company incorporation
Emerged Power Distribution Company Ltd., private limited company, Dhaka.
- SREDARegistered
Renewable-energy registration
Registered developer with the Sustainable & Renewable Energy Development Authority.
- BERCPer project
Generation licence
Applied per project SPV ahead of commercial operation.
- DoEIn progress
Environmental clearance
IEE / EIA under the Environment Conservation Rules; Pabna EIA in preparation.
- PGCBComplete
Grid impact study
Load-flow and short-circuit study for the Pabna interconnection.
- BIDARegistered
Investment registration
Enables foreign co-investment and repatriation of equity returns.
- IFC PSAdopted
E&S framework
Projects screened against IFC Performance Standards and the Equator Principles.
- ISOCertified
9001 · 45001
Quality and occupational health & safety management systems.
Counterparties & partners
Structured around the institutions that make IPPs bankable.
Offtake & grid
Policy & regulation
Finance
Equipment
Pabna · Target COD 2028
Pipeline project
50 MWp grid-connected solar park (under development)
- Result
- 69 GWh
- projected annual generation
- Sector
- Utility
- Client
- IPP · BPDB offtake
The challengeAssembling 175 acres of non-agricultural land and a grid connection at a congested substation.
The resultFeasibility and grid study complete; financing term sheets under negotiation.
FAQ
Questions from utilities and investors
Structuring, land, tariffs and who carries the risk.
Ask an engineerFree · no obligation
Planning capacity? Let's put a project on the table.
Share your tender, site or capacity requirement. We'll respond within 10 working days with a preliminary project structure and development timeline.
What you receive
- 01Preliminary yield and land assessment
- 02Indicative PPA structure and tariff basis
- 03Development and financing timeline