Energy Bangla

Bangladesh Bank (BB) today inked “Participation Agreements” with 32 commercial banks for Taka 5,000 crore Green Transformation Fund (GTF) with the aim of getting refinancing facility under this fund. The central bank has introduced the refinance fund for acceleration of green practice and sustainable growth in export oriented and manufacturing industries, said a press release. Sustainable Finance Department of Bangladesh Bank has organized the participation agreement signing ceremony at Jahangir... »

The government has chalked up a plan to raise solar power generating capacity to 2,000MW over the next year in a bid to boost use of renewable energy amid a power crisis. State Minister for Power, Energy and Mineral Resources Nasrul Hamid has told the electricity distribution companies to swiftly initiate pilot projects to put the plan into motion. “We must generate more power from the Sun,” he said. Bangladesh’s... »

Centre for Policy Dialogue (CPD) has underscored the need for prioritising renewable energy in Integrated Power and Energy Master Plan (IEPMP) to reduce carbon emissions. “In the IEPMP, the commitment of 40 percent of renewable energy has been shifted to 40 per cent of clean energy. This apparently seems ‘logical’. This, however, includes coal and other hydrocarbon based energy mix with advanced technologies as ‘clean’ which is not acceptable. It... »

Saudi Arabia’s ACWA Power has signed a non-binding Memorandum of Understanding (MoU) with state-owned Bangladesh Power Development Board (BPDB) to set up a 1000MW solar power plant in Bangladesh. Welcoming the initiative, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the investment and technology of the ACWA will help Bangladesh achieve its clean energy goal of 2041. He said Bangladesh has been supporting renewable energy in... »

Information and Broadcasting Minister Dr Hasan Mahmud today said the government has a plan to use 40 percent renewable energy of the country’s total energy by 2041. “International technical and financial supports are needed to implement the ambitious plan,” he told a session titled ‘Renewable Energy for a Sustainable Energy Sector: In the Perspective of the Global Energy” organised by the Power Division at Bangladesh Pavilion at the ongoing COP-27... »

The Metropolitan Chamber of Commerce and Industry (MCCI), in collaboration with Infrastructure Development Company Limited (IDCOL), organized a workshop titled “Installation of Industrial Rooftop Solar System” at the MCCI office in the capital’s Gulshan area on Wednesday. Md. Habibur Rahman, Secretary of Power Division and Director, IDCOL, graced the event as the chief guest. Habibullah N Karim, vice-president, MCCI, attended the event as the special guest. The event was chaired... »

  United News of Bangladesh . Dhaka | Published: 16:30, Sep 03,2022 A deal to be signed on Sunday between a Chinese-Bangladeshi consortium and Bangladesh Power Development Board to set up a 55MW wind power plant on build-own-operate basis at Mongla in Bagerhat. As per the proposed deal, state-owned BPDB will purchase electricity from the independent power producer plant for over the period of 20 years. Earlier, in December 2020,... »

Infrastructure Development Company Limited (IDCOL) is going to finance the rooftop solar project of Renata Limited. The 1.60 MWp project will be implemented on the factory rooftops of Renata Ltd., located at Mirpur, Rajendrapur, Bhaluka, Keraniganj, Feni, Sylhet, Rangpur, Mymensingh, Bogra, Faridpur, Cumilla, and Dhaka. The total cost of the project is BDT 8.86 crore. Under the facility agreement, IDCOL is providing concessional loan of BDT 7.09 crore to Renata... »

The government has signed a contract with a private company to set up a 3 MW hybrid power plant–a combination of solar, battery and diesel-run generator–at southern Monpura Island in the Bay of Bengal. As per the contract signed on Monday, Western Monpura Solar Power Limited (WMSPL) will set up the power plant from which the state-owned West Zone Power Distribution Company Limited (WZPDC) will purchase electricity over the period... »

Japanese power firm Jera Corporation has signed an agreement on 25th April with Bangladesh power producer Summit Power International Limited to jointly develop a roadmap targeting for use Bangladesh to use cleaner fuels. To accelerate adoption of renewable power generation in Bangladesh and support its Paris Agreement goals, the MOU includes pathways for establishing zero emissions targets for Summit, outlining a roadmap to achieve these targets and identifying opportunities to... »