Amara Raja Infra Wins 100 MW Solar Project Worth $130 Million in Bangladesh

EXIM Bank of India will finance the project


Amara Raja Infra (ARIPL), a subsidiary of battery maker Amara Raja Group, in collaboration with Premier Solar Powertech, a solar module manufacturer in India, has secured a 100 MW solar project from Bangladesh’s Rural Power Company (RPCL).

The project, valued at $130 million, will be located on 326 acres of land in Madarganj, Jamalpur District, Bangladesh, and marks ARIPL’s entry into the international solar market.

The project entails the engineering, design, supply, installation, and commissioning of the solar power project and will be financed by the EXIM Bank of India.

ARIPL must commission the project within 18 months of receiving the award letter.

Following its commissioning, ARIPL will also provide two years of comprehensive operation and maintenance services, including warranty spares and consumables.

Vikramadithya Gourineni, Director of ARIPL, said, “It is an extraordinary achievement for the Amara Raja Group to secure this contract amidst stiff competition from industry giants. In a short period of time, we have taken on some of the biggest renewable energy projects in India, and with this project, we can establish ourselves as a serious player in the international market as well.”

Adding this 100 MW solar project in Bangladesh, ARIPL now boasts a solar portfolio pipeline of 1 GW.

The company has evacuated over 7 GW of renewable energy through extra high voltage substations and lines constructed in the last five years.

In June last year, Amara Raja Power Systems was awarded the contract for setting up India’s first green hydrogen fueling station in Leh, Ladakh, by NTPC. Amara Raja Power Systems was selected to execute this initiative based on its technical expertise.

In May, Amara Raja broke ground on Telangana’s first gigafactory for lithium cell and battery pack manufacturing in the Mahbubnagar district.

In January this year, Amara Raja and Petronas Ventures led a $40 million Series B funding for Bengaluru-headquartered advanced battery and fuel cell technology company Log9 Materials.