Govt provides Tk 13.3bn credit to 21 industrial units

Move for energy efficiency

Special Correspondent

5 February, 2021 12:00 AM printer

The government has provided Tk 13.3 billion credit to 21 industrial units for improving energy efficiency as part of its energy conservation move.

Mohammed Alauddin, chairman of Sustainable and Renewable Energy Development Authority (SREDA) yesterday disclosed it at a wabiner on ‘Energy Efficiency in Industry.’

SREDA, a state-owned think tank under the Power Division to improve  energy efficiency and promote renewable energy, has initiated a project titled “Energy Efficiency & Conservation Promotion Financing Project” with a grant of $300 million from JICA.

Alauddin said the SREDA has so far issued no-objection certificate to 21 industrial units with estimated cost of Tk 13,320 million.

A total of 29 units have been selected for energy efficiency and conservation promotion financing project. 

Besides, the SREDA also support training programme to industries for efficiency improvement.

The SREDA has placed a set of recommendations to improve efficiency at industrial units.

Alauddin suggested that the government set energy efficiency (EE) benchmark and set sector-wise EE target with notification  He also suggested acquiring quality energy data from industries with regard to the efficiency.

He expressed concern over inadequate human resources for EE services including energy auditors. 

He recommended fund coverage for all industry sectors including leather, light engineering, pharmaceuticals to improve efficiency.