Infrastructure Development Company Limited (IDCOL) has officially resumed its financing support for Solar Irrigation Pumps (SIPs) with a renewed strategy and structure, marking a significant step toward decarbonizing Bangladesh’s agricultural sector.
To commemorate this milestone, IDCOL hosted a signing ceremony on 14 October 2025 at its Multipurpose Conference Hall in Dhaka.
The event celebrated IDCOL’s partnership with WAVE Foundation, which has received approval of BDT 34.9 crore in financing, supported by KfW, Germany, for the implementing 56 SIPs, including 39 grid-integrated sites across Chuadanga, Jhenaidah, and Kushtia.
This initiative aligns with the government’s mandate to reduce dependency on fossil fuels and promote sustainable agricultural practices.
Alamgir Morshed, Executive Director & CEO of IDCOL, delivered welcome remarks, highlighting IDCOL’s long-term commitment to deploying 10,000 SIPs by 2030. The ceremony was graced by the presence of Michael Sumser-Hellstern, Director of the KfW office in Bangladesh, as a special guest.
