Industrial efficiency can save 34.2pc energy: SREDA

Special Correspondent

28 March, 2021 12:00 AM printer

Industrial efficiency can save 34.2pc energy: SREDA

Source: SREDA

At least 34.2 percent of energy can be saved in Industrial sector through improving energy efficiency in the sector consuming around 55 percent of total energy, finds a SREDA survey.

Sustainable and Renewable Energy Development Authority (SREDA) Saturday disclosed it at a webinar on ‘Energy Efficiency Opportunities in Garments and Textile Industry’ orgniased by the Energy and Power magazine.

Prime Minister’s power and energy adviser Dr Tawfiq-e-Elahi Chowdhury attended at the programme as chief guest while BGMEA president Dr Rubana Huq, SREDA chairman Dr Mohammed Alauddin, Energy expert Dr Nurul Islam, BGMEA director Asif Ibrahim and IDCOL chief financial officer Nazmul Huq spoke at the webinar.

SREDA member Farzana Mamtaz and GIZ senior adviser Shafiqul Alam presented two separate keynote papers.

According to SREDA findings, a large amount of energy can be saved through adaptation of efficient equipment at industrial units.

Of it, around 17.6 percent of energy can be conserved through introduction of efficient equipment at RMG and textile factories.

Besides, the chemical fertilizer factories can save 8.4 percent energy, steel making and re-rolling 3.8 percent, cement grinding mills 2 percent, chemical industries 2.2 percent and the rest by cold storages, according to SREDA findings.

SREDA member Farzana Mamtaz said half of the total primary energy supply (TPES) is being consumed in industry sector. The state agency has started Awareness Campaign Plan 2021 to save potential energy.                

Besides, the SREDA has provided financial support to 15 textile industry worth at Tk 7.66 billion to encourage energy efficiency.

Besides, Bangladesh Bank [with technical support from SREDA] has also introduced refinance Fund of Tk 10 billion for Technology Development and Upgradation of export oriented industries as well as refinance schemes of Tk 4:00 billion for Green Products and Initiatives Projects.

The SREDA found major challenges for fund coverage for all industry sectors (leather, light engineering, pharmaceuticals) to improve efficiency.

 It also said inadequate human resources for energy efficiency services will also delay the efficiency improvement campaign.

According to World Bank data, the RMG sector contributes more than 10 percent to the GDP of Bangladesh and over 84 percent to the foreign export earnings.

Renewable Energy and Energy Efficiency Programme (REEEP II) implemented by GIZ Bangladesh on behalf of German Government, is providing technical support to the Garment and Textile industries, in cooperation with SREDA and BGMEA, GIZ senior adviser Shafiqul Alam said.

Prime Minister’s power and energy adviser Dr Tawfiq-e-Elahi Chowdhury said the SREDA will go to RMG doorsteps to encourage the sponsors for replacing their equipment for energy conservation.

“Banks and financial institutions will also come forward to encourage funding for efficient RMG makers as sometimes factories are reluctant to receive loan due to complex process,” he said.

BGMEA President Dr Rubana Huq, at the webinar, said a total of 133 green factories have been established in RMG sector in the country. 

“Seven out of top 10 green factories in the world have been set up here,” she said.

So, the government can introduce the incentive for the best practice, BGMEA the president said.