Bangladesh’s state-owned Infrastructure Growth Co. Ltd. (IDCOL) is offering loans to a number of jute producers and textile makers to deploy 40 MW of rooftop PV techniques.
Three Bangladeshi jute and textile producers will arrange practically 40 MW of rooftop and ground-mounted photo voltaic capability to scale back their dependence on grid energy and vitality payments.
State-owned IDCOL will present 80% funds for the tasks within the type of comfortable loans “We have now accredited loans for these firms to setup photo voltaic rooftop system,” IDCOL Deputy CEO S M Monirul Islam instructed pv journal.
He mentioned the businesses will save prices, whereas additionally decarbonizing their vitality provide. “We have now a sizeable pipeline of proposals in hand,” he added. “We’re hopeful to realize a milestone of 100MW from rooftop by the tip of this 12 months.”
One of many mortgage was awarded to arrange a 12.6 MW photo voltaic venture on the rooftop of Akij Glass Industries in Madhabpur, based on IDCOL officers. The 8 MWh venture, which is predicted to come back on-line throughout the subsequent three months, would be the first of its form in Bangladesh.
“We need to use electrical energy from the venture occasion after sundown. Thus, we’re including storage capability there,” M R Jamil, government director of Akij Glass Industries, instructed pv journal. “Solar energy will save our manufacturing facility’s manufacturing prices considerably.”
IDCOL has additionally accredited a mortgage for Akij Jute Mills to arrange 5.89 MW of rooftop photo voltaic techniques in Jashore and Gopalganj districts. As well as, Karim Group has secured loans to arrange 15 MW of rooftop photo voltaic and 6 MW of ground-mounted photo voltaic plant in its 4 textile and jute factories.
“Because the mortgage has been accredited, we are going to begin building and … carry the techniques on-line by December,” mentioned Nazrul Islam, basic supervisor of Karim Group.
The primary cause the corporate opted for photo voltaic is as a result of it would assist it to avoid wasting on manufacturing prices and supply uninterrupted electrical energy through the daytime, mentioned Islam.
Bangladesh presently generates 1,310 MW of inexperienced electrical energy, together with 1,076 MW of photo voltaic. Rooftop photo voltaic techniques produce about 190 MW of electrical energy.
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