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An event titled “New Financing Solutions for Energy Efficiency Interventions” was held at Hotel InterContinental Dhaka on Sunday.
Md Khurshid Alam, executive director, Bangladesh Bank, attended the event as chief guest, said a press release.
In his speech, he highlighted various initiatives that have been undertaken by the government to promote energy efficiency and conservation across different industries.
Alamgir Morshed, executive director and CEO of Infrastructure Development Company Ltd (Idcol) in his opening remarks stated that Idcol has already financed/approved more than Tk2,500 crore in RMG, textile, cement, steel, and commercial/industrial building sectors for energy efficient machinery and equipment.
Michael Sumser, director, KFW Development Bank stated the fact that increasing industrial energy efficiency is an effective way for Bangladesh to achieve significant cost savings and long-term energy security.
The event highlighted new financing solutions of Idcol.
In addition to long-term concessional BDT loans, Idcol will be able to offer long-term fixed-rate Euro and US dollar loans in association with KfW and GCF.
The event was attended by top level representatives from various industries.
(DT)
