In a bid to accelerate the adoption of sustainable energy solutions, telecommunications giant Grameenphone has joined forces with Tetra Tech, the implementing partner of the USAID Bangladesh Advancing Development through Energy (BADGE) Project.
The collaboration, marked by the signing of a Memorandum of Understanding (MoU), aims to develop a policy framework for corporate power purchase agreements (CPPA) in Bangladesh.
CPPA models enable businesses to procure electricity directly from renewable sources, such as wind, solar, hydro, or biomass power plants, bypassing traditional utilities. This move empowers corporations to reduce their carbon footprint and support sustainable energy production.
The MoU signing ceremony, held at the GPHouse in Dhaka on March 18, saw the participation of key stakeholders from both organizations, including representatives from Grameenphone, Tetra Tech, and USAID Bangladesh. During the event, Hans Martin Hoegh Henrichsen, Chief Corporate Affairs Officer at Grameenphone, emphasized the company's commitment to sustainability and its urgency to develop a CPPA policy framework to meet climate targets.
Randy Ali, Deputy Mission Director of USAID Bangladesh, praised the partnership as a significant step towards promoting renewable energy solutions in Bangladesh. He highlighted the importance of private sector collaborations in driving progress towards a greener future.
Ed Elrahal, Chief of Party at the USAID BADGE Project, emphasized the role of CPPAs in combating climate change and fostering a sustainable energy future. He underscored the benefits of corporate electricity procurement from renewables in achieving environmental and sustainability goals.