Solar EPC Development Ltd. (SEPC) is a leading and fastest-growing solar power project developer and consultancy firm, targets to install a 100 MW Rooftop Solar Plant in Bangladesh by 2024.
Ezaz Al Qudrat A Mazid, Founder and Managing Director of Solar EPC Development Ltd. shared the target with Textile Today in the 20th Solar Bangladesh 2023 – International EXPO, held from 7-9 December Dhaka.
Solar EPC is playing a crucial role in providing the latest technologies for the textile and apparel indus
try cost-effectively. Solar EPC first started operations in Bangladesh in 2018 with floating solar project and later ventured into rooftop solar. Solar EPC thinks that the solar industry in Bangladesh now is mature. Especially in the textile industry which is a 100% export-oriented industry, they have taken solar as mandatory.
“This exhibition is very important for those who have unused rooftops and want to overcome the energy crisis by using solar systems. Through this exhibition, our industry owners can learn about new technologies, they can see many new products. Also, we can discuss our solutions with our clients (industry owners),” said Ezaz Al Qudrat A Mazid.
Solar EPC Development Ltd. provides a one-stop solution for commercial and industrial rooftop solar. It offers a complete range of services, from initial assessment to design, engineering, procurement, installation, and commissioning.
Solar EPC’s OPEX is a zero-investment model where the solar panels are installed on customers’ roofs/premises with their capital. The customer only pays for the electricity supplied to it under the long-term Power Purchase Agreement (PPA), the price is 20- 40% cheaper than the grid tariff. In this model, the customer still gets the net metering benefit.
A Mazid said, “What we can see from our experience is that there is a financing issue when doing a project anywhere. Our OPEX model is very famous in our solar industry that is we invest the operation expense and sell this power to our industry owners at a fixed tariff for a fixed period. We have started working on the OPEX model. In 2024 we will go to OPEX model investment with our target of almost 100 MW of rooftop solar.”
About the smooth supply chain management, Noveea Tabassum, Senior Asst. Manager (Supply Chain) of Solar EPC said, “We are working very strongly towards our target of 100 MW of rooftop solar and IPP by 2024. We do Master LC to ensure that all the products arrive at the production site at a time. It makes it easy for us to start or plan any project.”
Regarding achieving the target, Nusrat Jahan, Asst. The manager (Asset Management) said, “We are already tagged with some clients in the CNI and IPP sectors of solar EPC and have some more projects running in our pipeline.”
Ankon Chakma, Asst. Manager (EPC & Project Development) said, “We have the necessary human resources and technical solutions to implement the target of 100-watt rooftop solar by 2024.”
Martin Yip, Regional Sales Director of Powerway Renewable Energy Co. Ltd said, “We are Powerway have been in Bangladesh market for many years and right now Powerway has delivered more than 200 MW projects in Bangladesh market. We have more than 13 years of experience in this industry and for Global, we have delivered more than 20 GW of solar structure for Bangladesh. We have our partner which is solar EPC development and we work with them to support any clients and any projects they need in Bangladesh Market.”
With a good energetic team, Solar EPC is moving forward working on everything from the latest technology, latest service and remote monitoring system.
