Workshop on energy efficiency finance begins May 7

Two workshops titled "Industrial Energy Efficiency Finance Program" jointly organized by the Asian Development Bank (ADB), Industrial & Infrastructure Development Finance Company Limited (IIDFC) and Tetra Tech ES Inc. are going to held on May 7 and 8, 2014 at the ADB Resident Mission in Dhaka and Ruposhi Bangla hotel respectively.
It was planned to conduct three workshops under the Technical Assistance (TA) from ADB. The first workshop took place on April 4, 2013. In the series, the second workshop will take place in Bangladesh Resident Mission office ADB on May 7, 2014 (Wednesday). The purpose of this workshop is to build capacity of the financial institutes and Banks for financing the industrial efficiency projects in Bangladesh.  The 12 software tools build under this TA, based on energy audit of 120 companies in six industrial sectors, will be released along with financing manual to use them. The tools are being specially developed for Financial Institutions and Bank to analyze energy audit reports under various scenarios and estimate their risks.
The third workshop in this series will be organized on May 8, 2014 (Thursday). The objective of this workshop will be to provide a platform for mutual interaction between companies, manufacturers and Financial Institutions and Banks interested in energy efficiency projects. The Governor Bangladesh Bank will inaugurate the workshop. The international consultants from Tetra Tech will present the findings of 120 energy audits conducted by them in the Bangladesh and will make recommendations for promoting industrial energy efficiency.
Bangladesh is currently going through serious energy crisis. The power cuts in the Dhaka are also very frequent. Gas, the main source of energy in the country, is insufficient to meet demand. Energy shortages are already undermining the country's economic and social progress. One of the estimates has predicted that gas reserves of the country will end in 2030.  The industrial sector consumption is 40% of the total energy consumption.  The global experience suggests that it should be possible to reduce industrial energy consumption by 30% which means 12% of the country's total energy consumption.