IDCOL to provide services in Malawi

IDCOL will provide consultancy services to the Ministry of Energy in Malawi for the Off-Grid Market Development Fund under the World Bank-funded Malawi Electricity Access Project, says a press release.

The objective of the fund is to address the challenges of scaling up the off-grid market in Malawi and electrify 200,000 new households in remote rural areas.

The project will also have a transformative impact by reaching households who will not be connected to the grid in the foreseeable future by creating an enabling environment for solar companies.

IDCOL, a non-bank financial institution under the Economic Relations Division, catalyzes private-sector investment in infrastructure, renewable energy, energy efficiency and PPP projects in Bangladesh.

IDCOL has implemented the globally acclaimed Solar Home System (SHS) programme under which more than 5 million SHSs were installed all over Bangladesh benefiting 12 per cent of the country's population.