Grameenphone, a leading telecommunications company, has teamed up with Tetra Tech, under the USAID Bangladesh Advancing Development through Energy (BADGE) Project, to advance sustainable energy solutions in Bangladesh. The collaboration aims to establish a policy framework for corporate power purchase agreements (CPPA) to facilitate direct procurement of renewable energy by businesses.

In a strategic move to accelerate the adoption of sustainable energy solutions, Grameenphone has forged a partnership with Tetra Tech, the implementing partner of the USAID Bangladesh Advancing Development through Energy (BADGE) Project. The collaboration formalized through the signing of a Memorandum of Understanding (MoU), aims to pioneer a policy framework for corporate power purchase agreements (CPPA) in Bangladesh.

CPPA models enable businesses to procure electricity directly from renewable sources, such as wind, solar, hydro, or biomass power plants, bypassing traditional utilities and promoting sustainable energy production. The MoU signing ceremony, held at the GPHouse in Dhaka on March 18, brought together key stakeholders from Grameenphone, Tetra Tech, and USAID Bangladesh.

Hans Martin Hoegh Henrichsen, Chief Corporate Affairs Officer at Grameenphone, highlighted the company's commitment to sustainability and the urgency of developing a CPPA policy framework to meet climate targets.

Randy Ali, Deputy Mission Director of USAID Bangladesh, lauded the partnership as a significant step towards advancing renewable energy solutions in the country, emphasizing the pivotal role of private sector collaborations in driving progress towards a greener future. Ed Elrahal, Chief of the Party at the USAID BADGE Project, underscored the importance of CPPAs in combatting climate change and fostering a sustainable energy future, emphasizing the environmental and sustainability benefits of corporate electricity procurement from renewables.