Spectra Solar Power Project (ADB-52362-001)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Paturia, Shibaloy, Manikgonj
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 18, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Shunfeng Investments Limited, Spectra Engineers Limited, Spectra Solar Park Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 13, 2020

Disclosed by Bank Jul 5, 2019


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Project Description

According to the bank documents, "the project consists of a 35-megawatt (net) grid connected solar power plant in Paturia, Shibaloy, Manikgonj, located approximately 85 kilometers west of Dhaka. The project site includes 141 acres of land, all of which has been purchased and is now owned by the project company, Spectra Solar Park Limited (SSPL). Project facilities include: ground-mounted solar PV panels and associated electrical equipment; and an approximately 7 km interconnection transmission line to the nearest substation."

Investment Description
  • Asian Development Bank (ADB)
Private Actors
  • Shunfeng Investments Limited -- Implementing Company
  • Spectra Engineers Limited -- Implementing Company
  • Spectra Solar Park Limited -- Implementing Company
Contact Information

Project Officer
Tang, Sonali
Private Sector Operations Department

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main