Dhaka, May 8 -- Robi Axiata PLC on Wednesday signed a tripartite memorandum of understanding (MoU) to form a special purpose vehicle (SPV) for the development and operation of a 100 megawatt-peak (MWp) solar power park in Bangladesh.

The telecom operator signed the agreement with FloSolar Solutions Ltd., a renewable energy project developer, and GreenPower Asia, a wholly-owned subsidiary of France's Volta Groupe, at Robi's corporate headquarters in Dhaka, aiming to achieve its net-zero emissions target by 2050.

Perihane Elhamy Ahmed Metaweh, Chief Technology Officer of Robi, Mustafa Azim Kasem Khan, Founder and Managing Director of FloSolar, and Pierrick Morier, President of GreenPower, signed the agreement on behalf of their respective...