21st September 2019
EP Report

 

Sustainable and Renewable Energy Development Authority (SREDA) signed an agreement with Mitsubishi Research Institute INC. on August 31 on energy efficiency and conservation promotion to ensure efficient use of energy. 

To ensure energy saving in the industrial sector and to increase the use of energy-efficient appliances in the industries, SREDA would provide loan facility to industrial factory entrepreneurs and customer levels only at 4% interest.

Project Director of Energy Efficiency and Conservation Promotion Financing Project Mr. Rezaul Hoq and Dr. Kotaro Nagasawa of Mitsubishi Research Institute, Inc. signed the deal on behalf of their respective sides. 

State Minister for Power, Energy and Mineral Resources Nasrul Hamid was present as the guest of honor at the signing ceremony.

The government of Bangladesh has set a fuel saving targets as 15% by next 2021 and 20% by next 2030 in the 7th Five Year Plan in terms of fuel production, supply and operational levels. 

If this goal is achieved, by 2030; approximately 95 million tonnes of fuel equivalents will be saved. Its financial value is around Tk 51 billion. 

Nasrul Hamid said it is possible to achieve this goal by creating public awareness, enhancing technical capacity, promoting livelihoods and creating public awareness on energy efficiency and conservation. 

The "Energy Efficiency and Conservation Master Plan up to 2030" has already been prepared by the Sustainable and Renewable Energy Development Authority (SREDA).

  


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