IFC, partners join hands in poultry waste management
Tuesday, 27 April 2010
International Finance Corporation (IFC) has joined hands with German Development Cooperation (GTZ) and Infrastructure Development Company Limited (IDCOL) to promote sustainable waste management in Bangladesh's poultry sector, said a press release.
The waste-to-energy initiative brings multiple benefits to poultry farmers and others, the release stated.
Farms will benefit from increased income through the sale of slurry, the by-product used as fertiliser.
The project will explore new renewable energy sources for small and medium businesses, while creating opportunities for renewable energy financing by financial institutions.
By 2011, it is expected that the project will generate substantial electricity from poultry waste. This will reduce greenhouse-gas emissions by 45,000 tonnes by the end of 2011, the release added.
IFC will address issues of energy and waste management through the innovative waste-to-energy generation project, which entails productivity improvement and market-awareness initiatives aimed at helping about 44,000 layer-poultry farmers.
The work will include promotional and motivational activities for entrepreneurs in the poultry sector.
The GTZ will be providing technical assistance to the project clients, while IDCOL will provide financing.
Speaking on the project, Programme Coordinator of the GTZ (Sustainable Energy Development) Erich Otto Gomm said, "Waste-to-energy has a huge market in Bangladesh and we are very happy to be a partner in this initiative. We have a keen interest in promoting renewable energy and energy-efficient technologies in Bangladesh."
Executive Director and Chief Executive Officer of IDCOL Islam Sharif said, "Renewable-energy financing is one of the major objectives of IDCOL. The project will help us create a financing product for "green" small and medium enterprise clients who are currently underserved."
Head of IFC Advisory Services in Bangladesh Ian Crosby said, "IFC is committed to promoting renewable-energy initiatives in Bangladesh, a country vulnerable to the impacts of climate change. This project is one of our many initiatives to promote renewable energy and ease some of the pressure on the energy supply gap, in a sustainable manner."
The waste-to-energy initiative brings multiple benefits to poultry farmers and others, the release stated.
Farms will benefit from increased income through the sale of slurry, the by-product used as fertiliser.
The project will explore new renewable energy sources for small and medium businesses, while creating opportunities for renewable energy financing by financial institutions.
By 2011, it is expected that the project will generate substantial electricity from poultry waste. This will reduce greenhouse-gas emissions by 45,000 tonnes by the end of 2011, the release added.
IFC will address issues of energy and waste management through the innovative waste-to-energy generation project, which entails productivity improvement and market-awareness initiatives aimed at helping about 44,000 layer-poultry farmers.
The work will include promotional and motivational activities for entrepreneurs in the poultry sector.
The GTZ will be providing technical assistance to the project clients, while IDCOL will provide financing.
Speaking on the project, Programme Coordinator of the GTZ (Sustainable Energy Development) Erich Otto Gomm said, "Waste-to-energy has a huge market in Bangladesh and we are very happy to be a partner in this initiative. We have a keen interest in promoting renewable energy and energy-efficient technologies in Bangladesh."
Executive Director and Chief Executive Officer of IDCOL Islam Sharif said, "Renewable-energy financing is one of the major objectives of IDCOL. The project will help us create a financing product for "green" small and medium enterprise clients who are currently underserved."
Head of IFC Advisory Services in Bangladesh Ian Crosby said, "IFC is committed to promoting renewable-energy initiatives in Bangladesh, a country vulnerable to the impacts of climate change. This project is one of our many initiatives to promote renewable energy and ease some of the pressure on the energy supply gap, in a sustainable manner."