Bangladeshi companies can reduce the use of fuel by up to 16 percent helping to cut the cost up to 21 percent along with 18 percent carbon emission, according to DANIDA.
The Energy Efficient Engagement (3E) Programme of Danish International Development Agency (DANIDA) revealed this at a seminar here today, said a press release.
Dhaka Chamber of Commerce and Industry (DCCI) in collaboration with Nordic Chamber of Commerce and Industry (NCCI) and 3E Programme organized the seminar "Bangladesh - A Great Potential for Energy Efficient Industry".
Senior Adviser of DANIDA Stephen Skare Enevoldsen said that observing the operation of 36 factories in Bangladesh, the 3E Programme had calculated that the factories could save total energy cost of US$ 52 lakh annually and on an average $ 1.45 lakh at each factory.
Most of the recommendations to turn the factories into energy efficient are possible to implement easily spending little amount of money, he said.
Senior Industry Secretary Mosharraf Hossain Bhuyian was present as the Chief Guest while Ambassador of Denmark to Bangladesh Mikael Hemnity Winther was special guest.
In his welcome address, DCCI President Hossain Khaled said Bangladesh has got scarcity of primary energy against its compound need in multiple utility exclusively textile, RMG, metal, cement, plastic good, ceramic, fertilizer and Power generation industries.
NCCI President Shamim Ul Huq highlighted the importance of energy efficiency in ensuring sustainability and profitability of business. He said energy efficiency helps achieve sustainable development and cost reduction in industries.
Referring to Bangladesh's target of $50 billion export of RMG by the year 2021, Huq said: "If we ensure energy efficiency in our RMG factories we will be able to get more benefit out of it."
Mosharraf said energy efficiency engagement would help reduce Co2 emission from industry as well as support the sustainable and economic development of Bangladesh.
Mentioning that 15-17 percent gas is being used for household cooking as domestic consumption, he said, "If we use LPG for our domestic use, we can provide this 15-17 percent gas for industries."
He urged Denmark and DANIDA to share their expertise and technology in the field of energy efficiency with Bangladeshi entrepreneurs.
Danish Bangladesh Mikael Hemniti Winther underscored the importance of leadership role of industry players to ensure green growth in the country.
He said in terms of energy efficiency, Denmark can share its own technology with Bangladesh.
"Bangladesh is hovering to be a middle income country within 7-8 years, so huge energy is needed for the industry in future.
Commercial Counselor of Danish Embassy Soren Robenhagen termed Denmark as a perfect case for green growth and described how Denmark became a "green growth" leader. He said Denmark is eager to share its experiences with Bangladesh to support its future sustainable growth.
DCCI's former President R Maksud Khan, Senior Vice President Humayun Rashid, Vice President K. Atique-e-Rabbani, Director Salim Akhtar Khan and Vice President Md. Shoaib Chowdhury took part in the open discussion session.