Energy Bangla

A recent decision by the government to allocate funds for renewable energy is indeed an excellent and very rational one for which it deserves appreciation from us. As reported in the media, the fund which was initially meant for some other purposes, will be diverted for financing solar energy, bio-gas and effluent treatment plants. This is the right way for the country to accelerate the progress towards providing energy (electricity),... »

Frankfurt / Nairobi, 31 March, 2015 — Global investments in renewable energy rebounded strongly last year, registering a solid 17% increase after two years of declines and brushing aside the challenge from sharply lower crude oil prices. Major expansion of solar installations in China and Japan and record investments in offshore wind projects in Europe helped propel global 2014 investments to $270 billion, a 17% surge from the 2013 figure... »

Infrastructure Development Company Limited (IDCOL), a government owned non-bank financial institution and country’s pioneer in off-grid renewable energy financing, receives the first ever CDM fund in Bangladesh under the United Nations Framework Convention on Climate Change (UNFCC). Recently, UNFCCC have issued 18,373 Certified Emission Reductions (CER) for IDCOL Solar Home System (SHS) Program under an Emission Reduction Purchase Agreement signed by IDCOL with the World Bank (acting as the Trustee... »

There is no power in the village, but an initiative by a farmers’ cooperative has boosted their hopes of bumper crop yields in the vicinity. Two solar pumps have put smiles on growers’ faces as they can now irrigate paddy fields at much lower costs. The pumps, first of their kind in Jhenidah, have been collected by local NGO Action in Development (AID) as a donation from Infrastructure Development Company... »

A solar-powered Swiss airplane has landed in Oman after completing the first leg of its around-the-world journey without any fuel. The plane touched down Monday in Muscat, about 10 hours after it took off from Abu Dhabi. The carbon fiber single-seater Solar Impulse 2 aircraft has a 72-meter wingspan, which is longer than the wingspan of a Boeing 747, and weighs about as much as a car. The 17,000 solar... »

The government has made a commitment to invest around US$100 million in promoting clean-cooking stove to check women’s health hazard and protect environment with support from local and foreign development partners. The investment will involve formulation of a policy-guideline to promote improved cooking stoves, known as “Bondhu Chula,” popularize the use of bio-gas and bio-mass known as three popular clean cooking solutions that are currently used in some parts of... »

The Asian Development Bank (ADB) is extending loans of up to $100 million to help India’s pioneering private sector solar power developer, the ACME group, finance badly needed new solar plants. “Solar and other renewable power sources are essential for India’s energy diversification and security, and for underpinning the country’s long term growth,” said Isabelle Chauche, Investment Specialist in ADB’s Private Sector Operations Department. “ADB’s support for ACME will help... »

The Government of Bangladesh has recognized or is recognizing that electricity access qualifies as a human right. For example, (1) the Government of Bangladesh has signed technical assistant grant agreements with Asian Development Bank to provide renewable energy in rural areas with no access to grid electricity, and (2) the ministry of power, energy and mineral resources has also been implemented energy policy 2008 to meet five percent of the... »

A new service set up by the Asian Development Bank (ADB) aims to match buyers and sellers of low-carbon technologies to speed technology transfer to developing Asia. “Asia is the tip of the spear as far as climate change impacts are concerned. We need to ensure a swifter flow of tested and up-and-coming low-carbon technologies to the region so that it can mitigate and adapt to the changing climate,” said... »

Infrastructure Development Company Limited (IDCOL) has recently signed an agreement with Lakdhanavi Bangla Power Ltd. (LBPL) to extend USD 15 million term loan to LBPL for setting up a 52.2 MW Dual Fuel Power Plant at Jangalia, Comilla. In addition to IDCOL, four other Sri Lankan lenders – National Development Bank PLC (NDB), Sampath Bank PLC (Sampath), Commercial Bank of Ceylon PLC (CBC), and Hatton National Bank PLC (HNB) will... »