IDCOL signed a contract with the Ministry of Water & Energy, the Government of Ethiopia, at Addis Ababa for providing advisory services on implementation of a 'Solar Home System' programme recently.
Dr Engr Sultan Welle Ahmed, State Minister for Energy Development, Ethiopia and Shibli Mohammad Faiz, VP & Unit Head, Advisory Services of IDCOL, Bangladesh, signed the contract on behalf of their respective parties, says a press release.
The World Bank has extended $ 10 million to the ministry for creating 750,000 new connections through solar off-grid standalone solutions under the 'Access to Distributed Electricity and Lighting in Ethiopia (ADELE)' project.
IDCOL would support the ministry to incentivize market expansion into deep-rural areas and innovation by channeling grant support.
IDCOL, a non-bank financial institution under the Economic Relations Division, catalyzes private sector investment in infrastructure, renewable energy, energy efficiency and public private partnership (PPP) projects in Bangladesh.
IDCOL implemented the globally acclaimed SHS programme, under which more than 4.1 million SHSs were installed all over Bangladesh benefiting 12 per cent of the country's population. IDCOL is currently providing consultancy services to the Ministry of Energy in Malawi for the World Bank-funded Off-Grid Market Development Fund.
Alamgir Morshed, ED & CEO of IDCOL, noted that in recent years IDCOL had been expanding its cross-border strategic advisory service (SAS) activities, as part of SAS.
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