Technaf Solartech Energy

GuarantCo provided a guarantee to support a 15-year, USD 13.5 million dual currency financing solution on behalf of Technaf Solartech Energy Limited, the first and currently only operational utility-scale solar project in Bangladesh, developed by Joules Power Limited, a Bangladeshi developer.

The project will have a significant transformational impact in Bangladesh as it will set the tone for increased contribution of renewables in the energy mix of the country. Around 136,500 people will benefit from an improved quality of service: approximately 170 people were employed during construction and 70 people are currently employed during operational phase.