IDCOL offers help woo pvt investment in renewable energy
Thursday, 4 June 2009
FE Report
The Infrastructure Development Company Limited (IDCOL) Wednesday offered further financial and technical assistance to the private alternative energy investors to pace up investment in Solar Home System (SHS) component industries in Bangladesh.
To achieve its goal to finance installing one million SHS by 2012, IDCOL invites all private sector stakeholders to join in developing renewal energy sectors of the country, Executive Director and CEO Islam Sharif said.
He was addressing a meeting with representatives from different local renewable energy generating companies at the IDCOL office in the capital.
He told the meeting what financial and technical assistance his organisation has to offer for the stakeholders in private sector.
Elaborating IDCOL's achievements so far, he said, the organisation has financed in installation of 306,758 SHS until April 2009. Currently 10,500 SHSs are being installed every month on an average by 15 partner organisations (POs), he added.
Moreover, IDCOL has already disbursed Tk1.162 billion as credit and Tk300 million as grant to the PO's under the programme.
He urged all the private sector investors to come forward in investing in the renewable energy sector availing of the opportunity his organisation is providing.
IDCOL, a public-private partnership organisation, is a local financial institution. At present, it is the largest financial institution working in development of private sector infrastructure and renewable energy projects in Bangladesh.
Director and Head of Investment Nazmul Haque and Senior Investment Officer Hirak Al-Hammad were also present on the occasion.
The Infrastructure Development Company Limited (IDCOL) Wednesday offered further financial and technical assistance to the private alternative energy investors to pace up investment in Solar Home System (SHS) component industries in Bangladesh.
To achieve its goal to finance installing one million SHS by 2012, IDCOL invites all private sector stakeholders to join in developing renewal energy sectors of the country, Executive Director and CEO Islam Sharif said.
He was addressing a meeting with representatives from different local renewable energy generating companies at the IDCOL office in the capital.
He told the meeting what financial and technical assistance his organisation has to offer for the stakeholders in private sector.
Elaborating IDCOL's achievements so far, he said, the organisation has financed in installation of 306,758 SHS until April 2009. Currently 10,500 SHSs are being installed every month on an average by 15 partner organisations (POs), he added.
Moreover, IDCOL has already disbursed Tk1.162 billion as credit and Tk300 million as grant to the PO's under the programme.
He urged all the private sector investors to come forward in investing in the renewable energy sector availing of the opportunity his organisation is providing.
IDCOL, a public-private partnership organisation, is a local financial institution. At present, it is the largest financial institution working in development of private sector infrastructure and renewable energy projects in Bangladesh.
Director and Head of Investment Nazmul Haque and Senior Investment Officer Hirak Al-Hammad were also present on the occasion.