NEW NATION ELECTRONICS LTD
(A sister concern of New Nation Solar )
Bangladesh has a population of 160 million with around 75% of the population living in rural areas. The main energy sources in Bangladesh are biomass and natural gas. Biomass energy is traditionally used for domestic cooking and small cottage industries.
Bangladesh is endowed with vast renewable energy resources in particular solar energy and wind power. Harnessing these resources appears to be a promising solution for improving the quality of life of rural residents since accessibility to conventional electricity appears to be a farfetched dream for residents of many areas within Bangladesh.
Bangladesh receives an average daily solar radiation of 4 – 6 Kwh/m2. Despite large potential, utilization of solar energy has been limited to traditional uses such as crop and fish drying in open sun. Solar Photovoltaic (PV) are gaining acceptance for providing electricity to households and small business.
Since, 1998 penetration of SHS’s increased rapidly, mainly due to the efforts of some NGO’s which sells PV Systems on credit to rural households. PV Modules are generally imported while most batteries and accessories are manufactured here in Bangladesh.
According to a World Bank funded market survey there is an existing demand of 0.5 million SHS on a fee-for-service basis in the off-grid areas of Bangladesh. This is based on the current expenditure levels on fuel for lighting and battery charging being substituted by SHS. At present the national grid is serving only 55% of the nearly 10,000 rural markets and commercial centres in the country, which are excellent market for even centralized PV plants.
This statement is true, and to develop the livelihood of the people of Bangladesh, renewable energy is playing and will play an important role.
New Nation Solar Ltd. is a company limited by shares and has been registered under the Companies Act 1994 in Bangladesh. The Company Board of Directors includes the following:
Name Designation Educational Qualification
Tofazzal Hossain Chairman MA, BA in Political Science (Dhaka)
Redwan Hossain Managing Director Barrister-at-Law (Lincoln’s Inn, UK), PGDL in Law (City University, UK). LLB Hons (King’s College London, UK)
Imtiaz Hossain Director BBA (IUB, Dhaka)
Shah Ahsan Habib Director BA, MA (English), DU, Dhaka
BUSINESS HISTORY AND STATUS
New Nation Group has a business history of over 32 years and has been serving the nation with its products and services since it’s promoter Chairman, Tofazzal Hossain has started his business journey in 1980. In continuation of its efforts New Nation Solar Limited has started its journey with the objective of providing quality renewable power solution to the people of this Nation.
New Nation Solar works in association with the best Solar Cell and Photovoltaic Module (PV) manufacturers in the World to utilize solar energy and provide best products and one stop service and solar solutions to our customers. New Nation Solar started business of Renewable energy through its sister concerns New Nation Trading and New Generation Trading and formed a limited company this year in order to serve the need of energy in a more organized manner.
New Nation Solar is currently operating in Urban as well as Rural Markets. Since, its inception this year and in its short Journey it has installed in different areas of Major cities. System ranging from 1Kw to 50Kw, and totalling almost 2 MW has been installed across the country.
New Nation operates in major cities through its own offices i.e Head Office in Dhaka, Central Godown and Sales Centre (Uttara) in Dhaka, Branch Office in Chittagong and Branch Office in Sylhet. New Nation Solar presence in the Rural Market is expanding fast thanks to its dedicated network of Partner Organisation/Dealers across Bangladesh which currently includes the following:
S.I Name Area
1. JM Trading Narayanganj
2. Electro System Rongpur
3. Wahab Motors Khulna
4. Rafiqul Islam Traders Rajshahi
5. Solarcom Feni
6. Solar Systec Noakhali
7. First Electric Noju Miar Hat, Chittagong
8. Kongli & Co. Khagrachari, Ctg
The above dealer have sold of 210Kw of Small Home Solar System of sizes from 20W – 85W over the last 1 year. By December 2015, it is expected that our dealers’ network will spread across all 64 districts of Bangladesh.
New Nation Group and its sponsors have been working for developing the lives of people in rural areas since 2004 through its initiative of farm mechanization and quality TSP, MOP fertilizers. We have already tried to cater for the necessity of the people who matters most to the survival of this nation yet they are deprived. The farmers are the heart of this nation as are the hard working Bangladeshi workforce across the world. New Nation Solar is standing on the same core values of the Group’s sponsors. Green Energy and reduction of carbon emission are concept or luxury thoughts of the worlds developed countries but for our nation and it heart i.e the farmers is a need and New Nation wants to cater for this need of light at affordable price.
ALLIED CONCERNS OF NEW NATION GROUP
Sl. No. Name Nature of Business Yearly Turnover
1. NCC Bank Limited Banking $ 60.15 M
2. National Life Insurance Ltd. Life Insurance $ 14.23 M
3. Islami Insurance Ltd, General Insurance $ 2.94 M
4. Independent University Education -
5. Islamic University of Chittagong Education -
6. Protik Ceramics Ltd Tableware $ 4.88 M
7. Great Walls Housing Ltd. Real Estate $ 5. 14 M
8. Unity Fabrics Ltd. Textiles $ 3.24 M
9. Agro Equipments Ltd Agriculture $ 9.0 M
10. New Generation Trading Imports $ 18.0 M
11. New Nation Trading Imports $ 1.5M
12. New Nation Developments Ltd. Property $ 0.7 M
13. New Nation Garments Ltd. Garments $ 2.03 M
14. New Nation Agro Ltd. Farm Machineries $ 3.65 M
15. New Nation Electronics Ltd CFL and LED Light Manufacturing Launching on
April 14, 2014