Denmark, IFC to jointly explore renewable energy in BD
Thursday, 13 November 2014
The Danish government and the International Finance Corporation (IFC) have recently signed an agreement aimed at bolstering renewable energy production and usage in Bangladesh.
IFC Country Manager Kyle F Kelhofer and Danish Ambassador in Dhaka Hanne Fugl Eskjær signed the 'waste to energy' agreement on behalf of their respective sides in the city on Wednesday, reports UNB.
Senior Energy Specialist of IFC Chandrasekar Govindarajalu was also present at the deal signing ceremony.
Speaking at the signing ceremony, the Danish envoy said Green Growth is an important area in Denmark's development cooperation strategy and Denmark looks forward to add value and transfer knowledge on renewable energy to Bangladesh.
"On behalf of the Danish Government, I'm very pleased to sign this new agreement with the IFC," she said.
The Danish diplomat said the growing demand for energy requires shifting from traditional costly fuel sources to renewable sources such as biogas to sustain the impressive economic growth for Bangladesh.
"I'm hopeful that the partnership with IFC will result in expansion of such renewable energy production and usage," she added.