BSS, Dhaka :
The Bangladesh Bank (BB) is going to set annual target for banks and financial institutions for financing green energy projects which will be implemented from January next year.
BB Governor Dr Atiur Rahman came up with the central bank’s plan at the inaugural ceremony of the two-day “IDCOL Green Energy Expo-2014” at Hotel Sonargaon.
Inaugurating the expo as the chief guest, Dr Mashiur Rahman, Economic Affairs Adviser to the Prime Minister, said a huge amount of subsidy was given to the renewable energy sector earlier, which has now come down notably. “In future, the sector (renewable energy) may not require any subsidy,” he opined.
The adviser said there is a general belief that government organizations could not be run efficiently. But, IDCOL has proved the perception wrong by running its operation skillfully.
Mashiur claimed the IDCOL has performed social responsibility through implementing the government’s agenda to supply electricity house to house.
Mahmood Malik, Executive Director and CEO of IDCOL, chaired the opening ceremony of the programme. Some 58 stalls have been set up at the expo, of which 55 are local while 3 from abroad.
Speaking on BB’s introduction of green banking department and green refinancing fund, Dr Atiur Rahman said: “My dream, my endeavor, my urge is to make green finance a dominant investment portfolio in each and every bank and financial institution.”
The governor said if any bank or financial institution comes up with innovative green product that truly contributes to environmental conservation BB will seriously study that for refinancing support.
“We will also try to enhance the size of our refinancing scheme if the demand picks up so that we would be able to facilitate large scale investments in green alternatives,” he added.
The Bangladesh Bank (BB) is going to set annual target for banks and financial institutions for financing green energy projects which will be implemented from January next year.
BB Governor Dr Atiur Rahman came up with the central bank’s plan at the inaugural ceremony of the two-day “IDCOL Green Energy Expo-2014” at Hotel Sonargaon.
Inaugurating the expo as the chief guest, Dr Mashiur Rahman, Economic Affairs Adviser to the Prime Minister, said a huge amount of subsidy was given to the renewable energy sector earlier, which has now come down notably. “In future, the sector (renewable energy) may not require any subsidy,” he opined.
The adviser said there is a general belief that government organizations could not be run efficiently. But, IDCOL has proved the perception wrong by running its operation skillfully.
Mashiur claimed the IDCOL has performed social responsibility through implementing the government’s agenda to supply electricity house to house.
Mahmood Malik, Executive Director and CEO of IDCOL, chaired the opening ceremony of the programme. Some 58 stalls have been set up at the expo, of which 55 are local while 3 from abroad.
Speaking on BB’s introduction of green banking department and green refinancing fund, Dr Atiur Rahman said: “My dream, my endeavor, my urge is to make green finance a dominant investment portfolio in each and every bank and financial institution.”
The governor said if any bank or financial institution comes up with innovative green product that truly contributes to environmental conservation BB will seriously study that for refinancing support.
“We will also try to enhance the size of our refinancing scheme if the demand picks up so that we would be able to facilitate large scale investments in green alternatives,” he added.
