IDCOL and SREDA are collaborating to create a better environment for implementing energy efficiency measures in Bangladesh, with USD 1.13 million TA support from the Green Climate Fund (GCF). An agreement was signed in this regard on October 10, 2023.
The signing ceremony featured Ms. Munira Sultana, NDC, Chairman of SREDA, and Mr. Alamgir Morshed, CEO and Executive Director of IDCOL, as the key signatories, along with Mr. S.M Monirul Islam, Deputy CEO and CFO of IDCOL, Ms. Farzana Mamtaz, Member (Additional Secretary) of Energy Efficiency and Conservation at SREDA, and Mr. Syed Mohammad Aminul Islam, Director of Energy Efficiency and Conservation at SREDA, as prominent guests. The event marked a significant milestone in their collective efforts to advance energy initiatives. During the ceremony, Mr. Morshed highlighted SREDA's significant contributions to IDCOL's progress in renewable energy and energy efficiency, emphasizing the potential for enhanced collaboration among national stakeholders, development partners, and the private sector to further advance the country's climate change goals for 2030. Ms. Sultana, Chairman of SREDA, expressed her appreciation for IDCOL's timely support and her vision to utilize it to enhance the nation's capacity for leading energy efficiency initiatives. This USD 1.13 million GCF TA support to SREDA represents a pivotal milestone in realizing the multi-billion-dollar Fund's investment objectives in energy efficiency in Bangladesh. IDCOL aspires to expand GCF investment in industrial energy efficiency to benefit other potential industrial sectors in Bangladesh.
