DIU signs deal with Paramount for 3.4MW solar power project

Daffodil International University (DIU) has signed a power purchase agreement with Paramount Group to set up a 3.4 megawatt solar power project.

The project will be implemented under an OPEX model, allowing the university to use solar power without upfront investment, says a press release.

The initiative is expected to reduce around 3,500 to 4,000 tonnes of carbon emissions annually.

The university said surplus electricity can be supplied to the national grid through net metering, reducing overall electricity costs.

The signing ceremony was held at Daffodil Smart City.

Shakhawat Hossain, chairman of Paramount Group, and Md Sabur Khan, chairman of the Board of Trustees of Daffodil International University, were present at the event along with Professor Dr M R Kabir, vice chancellor; Dr Mohammad Masum Iqbal, pro vice chancellor; Dr Hamidul Haque Khan, treasurer; Dr Mohammad Nadir Bin Ali, registrar; and Dr Mohammad Emran Hossain, member of the Board of Trustees.

Speaking at the event, Shakhawat Hossain said, “This partnership with Daffodil International University is a matter of great pride for us. We believe investing in renewable energy is not just a business decision, but also part of our social responsibility. Through this project, we aim to make a tangible contribution to environmental protection, energy conservation, and sustainable development. We are also pleased that Daffodil, as the first university in Bangladesh, will implement cutting-edge solar technology, setting a positive example for the education and energy sectors.”

Md Sabur Khan said, “Sustainable development is no longer optional, it is a necessity. Daffodil always strives to work with a forward-looking perspective. This solar project reflects that vision, combining education, technology, and environmental responsibility. Our goal is not only to create a green campus, but also to cultivate a responsible and aware future generation. This initiative will help mitigate Bangladesh’s energy challenges and promote clean energy usage. We believe such projects will also encourage government and private sectors to invest further in renewable energy. Ultimately, this project benefits not just Daffodil or Paramount Group, but the entire nation.”

The university said the project will also support student learning and research in renewable energy technologies.