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 groundbreaking 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.
This landmark initiative has been made possible by 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. The project will be executed under a Build-Own-Operate (BOO) model, marking a milestone in Robi’s journey toward net-zero carbon emissions and accelerating its transition to clean energy.
The MoU was signed on 7th May 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.
The event was graced by Robi Acting CEO & CFO M. Riyaaz Rasheed and Sahed Alam, Chief Corporate and Regulatory Officer of Robi. Mr. 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.