BREB sign deal with INNOVATE

Business Report :

The Bangladesh Rural Electrification Board (BREB) has entered into a landmark agreement with local consulting firm Innovate Engineering and Development for the implementation of the country’s first-ever Battery Energy Storage System (BESS) project.

Funded by the World Bank, this project will significantly enhance the reliability and quality of electricity supply across Bangladesh, with a total of 32 MW of storage capacity distributed across four PBSs.

The contract was signed on behalf of BREB by Director Altaf, Mr. Ashok Kumar, Project Director Mr. Awlad and other officials. Innovate Engineering was represented by CEO Mr. Rana Masud, who attended the signing alongside the firm’s management and business development team.

“This project represents a significant step forward in modernizing Bangladesh’s power infrastructure,” said Mr. Rana Masud, CEO of Innovate Engineering and Development.

“We are proud to contribute to a solution that not only strengthens grid reliability but also supports sustainable development and energy security. Together with BREB, we are committed to delivering a future-ready energy system for the nation.” With Bangladesh’s electricity demand expected to reach 32 gigawatts (GW) by 2030, the introduction of BESS is seen as a crucial advancement for modernizing and stabilizing the national power grid.

BREB, having nearly achieved universal electrification, will use this project to provide more reliable power, especially during peak demand periods.