Prime Bank Investment signs MoU with Bluenergy and Gtech to boost renewable energy

Prime Bank Investment PLC (PBIL), a leading Bangladeshi investment bank and wholly owned subsidiary of Prime Bank PLC, has recently signed a Memorandum of Understanding (MoU) with the Consortium of Bluenergy Solutions Ltd and Gtech Infrastructure Ltd., two pioneers in solar engineering and industrial clean energy development.

The strategic agreement establishes a partnership aimed at advancing merchant power plants (MPP), utility-scale solar projects, and next-generation renewable energy infrastructure across the country, says a press statement.

PBIL offers a comprehensive suite of investment banking services across equity and debt capital markets, corporate advisory, and portfolio management-supported robust governance, disciplined risk management, and sector-driven expertise.

The Consortium brings extensive technical proficiency in renewable energy engineering and project development, offering consultancy, feasibility studies, design, EPC solutions, and specialized execution capabilities across solar PV projects.

The partnership emphasises ESG-aligned investment, climate-focused financial solutions, and the creation of bankable project pipelines that support Bangladesh's clean energy ambitions.

Both organisations will work together on technical and financial assessments, stakeholder outreach, capacity-building programmes, and policy insights aimed at strengthening the renewable energy ecosystem.

The signing ceremony was attended by Syed M Omar Tayub, Managing Director & CEO of PBIL, and D M Abu Bakar Siddique, Authorised Signatory of the Consortium and Managing Director & CEO of Gtech Infrastructure Ltd., alongside senior representatives from both organisations.