Delegates from Malawi visits IDCOL

An eleven-member delegation from the Government of Malawi is currently visiting Bangladesh to gain firsthand knowledge on IDCOL's renewable energy activities. IDCOL is facilitating in-house sessions at its head office and arranging site visits to various IDCOL financed renewable energy interventions, says a press release. IDCOL, a government owned financial institution, was engaged by the Ministry of Energy of Government of Malawi to design and operationalise the USD 20 million Off-Grid Market Development Fund with the objective of electrifying 200,000 households in rural Malawi. The Fund has been established with support from The World Bank under the Malawi Electricity Access Project. The Fund has achieved significant progress with more than 61,000 solar home systems being installed in remote rural areas of Malawi. IDCOL hosted a Corporate Dinner on April 23 in honour of the delegation led by Engineer Alfonso Chikuni, Principal Secretary, Ministry of Energy, Government of Malawi. Dr Khairuzzaman Mozumder, Secretary, Finance Division & Director, IDCOL and Md Mostafizur Rahman, Additional Secretary, Economic Relations Division & Director, IDCOL, attended the event as the chief guest and special guest respectively.