Staff Reporter : 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.
Key Highlights of the Partnership : 100MWp Solar Park to be built on a site that will be finalized based on several factors including substation capacity for evacuation: The SPV will develop, finance, and operate the solar park, with Robi as the sole off-taker under a long-term CPPA.
Merchant Power Plant Advantage: Leveraging the government’s progressive proposed policy that is expected to come into force within the next six months, the project will operate on a merchant basis, ensuring flexibility and scalability.
Decarbonizing Robi’s Operations: The solar park will significantly reduce Robi’s carbon footprint, aligning with its net-zero emissions target by 2050.
Feasibility Study for BTS Solarization: A joint assessment will explore solar power deployment across 16,000 of Robi’s BTS sites, potentially transitioning a major portion of its network to renewables.
Foreign Direct Investment from France and Joint Venture with a strong local renewable energy developer: The project brings together a globally reputed GreenPower Asia, a fully owned subsidiary of Volta Groupe from France which has already raised Euro 100 million and has an operating or in construction portfolio of 200 MWp with a project pipeline of 500 MWp. FloSolar Solutions Ltd. is an emerging leader in the renewable energy sector and is making a shift in its strategy from an EPC company into a full-scale project developer, renewable energy asset manager.
Robi Acting CEO & CFO M. Riyaaz Rasheed said “Together with FloSolar and GreenPower Asia, we’re setting a bold example in renewable energy, driving real impact toward climate resilience.”
Perihane Elhamy Ahmed Metaweh, CTO of Robi Axiata PLC, remarked, “This partnership is a game-changer in our sustainability journey, combining innovation, policy enablement, and strategic collaboration. By securing 100 MWp of renewable energy through a CPPA, we are not only reducing our reliance on fossil fuels but also driving cost efficiency and ESG leadership in Bangladesh’s telecom sector.”
Mustafa Azim Kasem Khan, Founder and Managing Director of FloSolar Solutions Ltd., added: “The proposed solar park exemplifies how public-private synergies through innovative Government policiescan accelerate renewable energy adoption and ultimately lead to a lower levelised cost of energy. We thank our foreign partner GreenPower Asia for their support to mobilise foreign direct investment (FDI) at scale and confirming the potential for scale of bankable renewable energy projects in the country. This project will serve as a model for future merchant-based clean energy initiatives in Bangladesh.”
Pierrick Morier, President of GreenPower Asia, stated: “Our collaboration with Robi and FloSolar underscores the transformative potential of solar energy in emerging markets. This project will contribute to both energy security and environmenta sustainability.”
ESG & Economic Impact : The initiative reinforces Robi’s Environmental, Social, and Governance (ESG) commitments while supporting Bangladesh’s renewable energy goals. By reducing operational costs and carbon emissions, the project sets a precedent for sustainable digital infrastructure development in the region. The project is expected to reduce 68,200 tons of co2/year.
ABOUT ROBI : Robi Axiata PLC. (“Robi”) is a public limited company, where Asian telecom giant, Axiata Group Berhad, based in Malaysia, holds the majority shareholding (61.82%). Aside from the public shareholders (10%), the global telecom giant, Bharti Airtel, headquartered in New Delhi, India, holds 28.18% of shares in the company. Robi is the second largest mobile network operator in Bangladesh creating new digital experiences for the people of the country. Through sustained investment Robi has created a robust telecom infrastructure to deliver innovation to all corners of the country. In addition to delivering its innovative digital products and services, the country-wide telecom infrastructure serves as the key enabler for the growing digital
[07/05, 20:31] Bintu Maa Blink: eco-system of the country. Be it urban or rural, people find their way to Digital Bangladesh through Robi. –