Tuesday, May 28, 2024

WB approves $172m for solar panels

The World Bank approved $172 million on Tuesday to support the ongoing rural electrification and renewable energy development (RERED) project to install an additional 630,000 solar home systems and other renewable energy mini-grid schemes in the country. The global lender is providing the credit to the RERED project, following the project’s success

IDCOL to finance five bio-electricity plants

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