fbpx 52362-001: Spectra Solar Power Project | Asian Development Bank

Bangladesh: Spectra Solar Power Project

Nonsovereign (Private) Project | 52362-001 Status: Approved

The project consists of a 35-megawatt (net) grid connected solar power plant in Paturia, Shibaloy, Manikgonj, located approximately 85 kilometers west of Dhaka. The project site includes 141 acres of land, all of which has been purchased and is now owned by the project company, Spectra Solar Park Limited (SSPL). Project facilities include: ground-mounted solar PV panels and associated electrical equipment; and an approximately 7 km interconnection transmission line to the nearest substation. Spectra Engineers Limited and Shunfeng Investments Limited are the Sponsors for SSPL. SSPL is the borrower for the loan and will build, own, and operate the project. The project Power Purchase Agreement was signed with Bangladesh Power Development Board in 2018.

Project Details

Project Officer
Tang, Sonali Request for information
Country
  • Bangladesh
Sector
  • Energy
 
Project Name Spectra Solar Power Project
Project Number 52362-001
Borrower/Company Shunfeng Investments Limited
Spectra Engineers Limited
Spectra Solar Park Limited
Country Bangladesh
Location Nation-wide, Manikganj
Type or Modality of Assistance
3801 Loan Ordinary capital resources USD 15.00 million Approved
8370 Loan Canadian Climate Fund for the Private Sector in Asia II (CFPS II) USD 5.00 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Energy / Renewable energy generation - solar

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department
Responsible ADB Division
Responsible ADB Officer Tang, Sonali
Project Sponsor(s) Shunfeng Investments Limited
Spectra Engineers Limited
Description The project consists of a 35-megawatt (net) grid connected solar power plant in Paturia, Shibaloy, Manikgonj, located approximately 85 kilometers west of Dhaka. The project site includes 141 acres of land, all of which has been purchased and is now owned by the project company, Spectra Solar Park Limited (SSPL). Project facilities include: ground-mounted solar PV panels and associated electrical equipment; and an approximately 7 km interconnection transmission line to the nearest substation. Spectra Engineers Limited and Shunfeng Investments Limited are the Sponsors for SSPL. SSPL is the borrower for the loan and will build, own, and operate the project. The project Power Purchase Agreement was signed with Bangladesh Power Development Board in 2018.
Objectives and Scope Bangladesh aims to increase the share of renewable energy in the total generation capacity to 10% by 2021. However, the renewable energy initiatives have faced challenges in their implementation. This project is expected to establish bankable precedents intended to catalyze further private sector participation in Bangladesh's renewable energy sector.
Linkage to Country/Regional Strategy The project is consistent with ADB's Strategy 2030, which includes tackling climate change and enhancing environmental sustainability as key operational priorities. The project is also consistent with the Bangladesh Country Partnership Strategy 2016- 2020, as the project will help foster reliable energy supply to improve energy security and promote the use of renewable energy sources. ADB seeks to create conditions for greater private sector participation in Bangladesh and has supported private sector investment in power generation.
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects An international third-party consultant was engaged to undertake an environment and social impact assessment (ESIA) and conduct an environment and social compliance audit of the early works on the site. The ESIA confirmed that the site is not located in any eco-sensitive zone/area. Similarly, there are no sensitive receptors which have significant environmental value in the project impact area. The alternative assessment in the ESIA affirms the suitability of the site for solar project development.
Involuntary Resettlement Land has been directly purchased through negotiated settlement with individual landowners. This land is low lying and sandy and remains submerged for 4-5 months in a year. It was not reported to have significant agricultural value or livelihood dependence. Land purchase for the project did not result in physical displacement of any person/household. In addition, easement rights for the transmission line have been received through payment of a one-time negotiated amount.
Indigenous Peoples The project and its associated facilities are not located on indigenous peoples'' lands/area and no impacts on indigenous people are envisaged.
Stakeholder Communication, Participation, and Consultation The project has engaged with different stakeholders including nearby communities on a range of issues, including land and community development planning. During the environment and social impact assessment process, consultations were conducted with a range of stakeholders. The assessment has reported community support for the project. The stakeholder engagement plan will be developed and implemented for the project going forward.
Timetable for assistance design, processing and implementation
Concept Clearance 31 Jan 2019
Credit Committee Meeting 26 Jun 2019
Approval 29 Jul 2019
Last PDS Update 30 Jul 2019

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Title Document Type Document Date
Spectra Solar Power Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jul 2019
Spectra Solar Power Project: Gender Action Plan Gender Action Plans Jul 2019
Spectra Solar Power Project: FAST Report Faster Approach to Small Nonsovereign Transactions Jul 2019

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Spectra Solar Power Project: Draft Initial Environmental Examination Initial Environmental Examination Apr 2019

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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