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Govt signs accede to agreements with ADB for US$ 3.3 million

The supervision Wednesday sealed dual grants agreement with a Asian Development Bank (ADB) for appropriation enlargement of renewable appetite usage.

Under these agreements, Infrastructure Development Company Limited (IDCOL) will embrace US$ 2 million from a Asian Clean Energy Fund as great as US$ 1.3 million from ADB’s Special Fund.

These supports will be used for graduation of Solar Home Systems (SHS) as great as alternative renewable appetite projects in a farming areas of a country.

Earlier, a supervision perceived US$ 165 million from ADB underneath a Public Private Infrastructure Development Facility (PPIDF). The stream US$ 3.3 million is extra financing to a prior funds.

Saifuddin Ahmed, Joint Secretary of Economic Relations Division (ERD), as great as Thevakumar Kandiah, Country Director of ADB’s Bangladesh proprietor mission, sealed a loan agreement during NEC bureau during a formulation elect in a city.

IDCOL, along with a twenty-nine partner organizations, is implementing assorted renewable appetite programs, together with a many successful SHS program. So far, about a single million SHS have been financed. IDCOL has aim projects such as “solar irrigation pumps, solar mini-grid biomass gasification-based energy plants as great as biogas-based energy plants” to be implemented by 2014.

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