The Infrastructure Development Company Ltd (IDCOL) is going to finance five bio-electricity plants around the country in a bid to promote renewable energy and reduce eco hazards. The non-bank financial institution on Monday signed a financing agreement with Seed Bangla Foundation (SBF) for setting up such five plants in five poultry farms.
Under this agreement, IDCOL will channel concessionary loans to the project.
This will serve the dual purposes of generating electricity from renewable source and addressing environmental hazard, IDCOL officials said.
SBF will build five 6-KW poultry waste based power plants, which will use poultry litter generated in poultry farms. Electricity generated from the project will be used by the farms for satisfying captive demand.
Poultry waste produced by the poultry farms will be used as feed material in the biogas digesters for production of gas, which, after purification, will be used to run the biogas generators.
The slurry produced as by-product from the biogas digesters will be sold in the local market.
Earlier on 22 April 2010, IDCOL, International Finance Corporation (IFC), and German Technical Corporation (GIZ) entered into a cooperation agreement to promote electricity generation using poultry litter from the poultry farms across Bangladesh.
Under the agreement, IFC would identify poultry farms and technical service providers (TSPs), provide farm management support and conduct awareness campaigns; GIZ would provide technical assistance to the farm owners and TSPs; and IDCOL would provide financing support to the farm owners that would be channelled through the TSPs.
The poultry industry of Bangladesh produces about 20,000 tonnes of poultry waste per day and it has been estimated that there is potential for producing about 50MW electricity from the poultry wastes.
IDCOL’s another renewable energy project, Solar Home System Programme, is one of the fastest growing renewable energy programmes in the world.
Islam Sharif, executive director and chief executive officer of IDCOL, Rafiqul Islam, managing director of Seed Bangla Foundation, signed the deal for their respective organisations.
-With The Independent input
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