Dhaka, Aug. 29 -- The government on Thursday signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to reliable, affordable electricity and cleaner air.

The Scaling-up Renewable Energy Project will focus on utility scale solar photovoltaic (PV) and rooftop PV to expand new markets in renewable energy generation it the country.

The project will establish the country's first large-scale 50 MW grid-tied solar PV generation plant in Feni district, implemented by the Electricity Generation Company of Bangladesh (EGCB),said a press release.

To fill the gap in the long-term domestic financing market for renewable energy, the project will also support the In...