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Dhaka Friday,  Mar 29, 2024

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Infrastructure Development Company Limited (IDCOL) signed Financing Agreement with GRAM er Alo Limited (GEA) for setting up a 158.3 kW solar mini-grid Project at Narayanpur Union, Nageshwari, Kurigram. Under the Project, GEA will provide electricity to adjacent 609 households and 145 commercial entities. Total cost of the project is BDT 6.27 crore. IDCOL will provide 30% of the project cost as soft loan and 50% as grant under IDCOL’s Renewable... »
The Asian Development Bank (ADB) will provide a loan of up to $50 million, supported by the Clean Technology Fund, to share risks with the private sector during the project development and exploration phase of the Rantau Dedap geothermal project in Indonesia. “This innovative loan demonstrates the depth of ADB support for deploying clean energy technologies that can significantly displace coal and oil-fired power,” said Lazeena Rahman, Investment Specialist in... »
The government on Monday signed a loan agreement with the World Bank under which the lending agency will provide $78.4 million additional financing to further scale-up its support for the successful solar home systems (SHS) program of Bangladesh. The credit for the additional financing to the ‘Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project’ is from the International Development Association (IDA), the World Bank Group’s soft loan... »
Nairobi, 25 June 2014 – Renewable energy (RE) trade among developing countries is growing faster than global and north-south RE trade as developing countries, led by China, take advantage of decreasing manufacturing costs, increased investment, and the falling costs of renewables, says a new report released during the first United Nations Environment Assembly (UNEA). Solar Photovoltaic (PV) capacity installed globally during 2013 was almost a quarter larger than in 2012.... »
9 June 2014: The Asian Development Bank (ADB) handed over its pilot project on wind solar hybrid energy system to Alternative Energy Promotion Centre (AEPC) of the Ministry of Environment at a function organized at the Nepal Resident Mission today. The wind-solar hybrid system was installed in Dhaubadi village of Nawalparasi district in December 2011 under ADB’s regional technical assistance (RETA) for Effective Development of Distributed Small Wind Power Systems... »
By Martin Tillier: Many people, even fanatical advocates of solar power, are unaware quite how close we are to reaching a critical milestone in the industry. Within a fairly short space of time, solar generated electricity will be fully cost competitive with coal-powered electricity — at least if the governments of the world’s two largest energy consuming nations have their way. Both the U.S. and China have a stated goal... »
Mahboob Sarwar- E-Kainat: Bangladesh possess lots of potential for Renewable Energy Development . Strong government commitment and facilitation has resulted a growing renewable energy market in Bangladesh. Bangladesh, an emerging country has lot more to learn from India, being the Top No. 6 Country in the world in Renewable Energy development. Bangladesh’s Power Sector: at a Glance (Latest update)  Electricity Growth : 12.05 % (July-May FY-2012) (Av. 7 %... »
Nairobi, 28 April 2014 – Fossil fuel subsidies are contributing to fiscal instability and undermining governments’ efforts to combat serious economic and environmental challenges, such as climate change, and the transition to an inclusive green economy, according to experts. “Reforming Fossil Fuel Subsidies for an Inclusive Green Economy” is the theme of the two-day event co-organized by UNEP, IMF, GIZ and the Global Subsidies Initiative of IISD. Sessions will focus... »
RAJSHAHI, May 20, 2014 (BSS) – Instead of depending on only the fossil fuel emphasis should be given on enriching the renewable energy sources to face the energy challenges, speakers at a discussion said here today. They viewed the availability of energy from many different sources is vital for the present life in meeting the challenge of the ever- increasing demand for energy. Regional office of Bangladesh Standards and Testing... »
Bangladesh Power Development Board (BPDB) signed a $120 million agreement on Thursday with a tri- nation joint venture company USDKGEL to build a 60 megawatt wind power plant at Cox’s Bazaar. As per the agreement, the power plant will be built in 12 months from the date of signing. The USDKGEL – a joint venture among US, Denmark and Bangladeshi companies – will build and operate the plant to supply... »