Kerry all-praise for BD's prowess in solar panel assembling
Thursday, 7 January 2010
FE Report
Former American presidential candidate Senator John Kerry has lauded Bangladeshi businesses for steps to set up solar panel assembly plants, describing the move as "life-altering" for the nation.
He said the international community should offer "right incentives" to foster clean energy market as he presented a case for increased support for such ventures.
"From large industries to the small rural shops, people across Bangladesh are benefitting from solar energy that many would have mocked as impractical for such a poor country," Mr Kerry said.
"This is literally a life-altering project," he told the bank staffers in Washington just ahead of the UN's climate change talks in the Danish capital of Copenhagen.
His comments came at a time when Bangladesh's solar energy market had been growing at an exponential 156 per cent, making the country at the forefront of the global fight against climate change.
Rahimafrooz, a local business group, has unveiled a plan to invest Tk 400 million in establishing a solar panel assembly factory in Dhaka as it sees the Bangladesh's renewable energy market growing faster than any other country in the world.
The company, which has lightened more than 100,000 rural houses, said it is now in talks with financiers to support the venture, slated for production sometime this year.
Former American presidential candidate Senator John Kerry has lauded Bangladeshi businesses for steps to set up solar panel assembly plants, describing the move as "life-altering" for the nation.
He said the international community should offer "right incentives" to foster clean energy market as he presented a case for increased support for such ventures.
"From large industries to the small rural shops, people across Bangladesh are benefitting from solar energy that many would have mocked as impractical for such a poor country," Mr Kerry said.
"This is literally a life-altering project," he told the bank staffers in Washington just ahead of the UN's climate change talks in the Danish capital of Copenhagen.
His comments came at a time when Bangladesh's solar energy market had been growing at an exponential 156 per cent, making the country at the forefront of the global fight against climate change.
Rahimafrooz, a local business group, has unveiled a plan to invest Tk 400 million in establishing a solar panel assembly factory in Dhaka as it sees the Bangladesh's renewable energy market growing faster than any other country in the world.
The company, which has lightened more than 100,000 rural houses, said it is now in talks with financiers to support the venture, slated for production sometime this year.