Business Desk :
Bangladesh Infrastructure Finance Fund Limited (BIFFL) and M.M. Ispahani Limited signed an agreement on financing up to Tk 55 crore loans under the Energy Efficiency & Conservation Promotion Financing (EECPF) of JICA for setting-up an energy-efficient textile mill named “Pahartali Textile and Hosiery MillsUnit-5” at Chattogram.
On that occasion a signing ceremony was arranged in the port city Chattogram.
S. M. Formanul Islam, executive director & CEO, BIFFL and Mirza Salman Ispahani, chairman, M. M. Ispahani Limited signed the agreement on behalf of their respective organisations at a ceremony in Dhaka on Sunday.
Directors of CCC&I, business delegates of Chattogram, representatives from JICA and different banks and FIs and officials of BIFFL were present at the event. Md. Sagir Hossain Khan, chief operating officer, BIFFL delivered welcome speech at the programme.
Mirza Salman Ispahani, chairman, M.M. Ispahani Limited and Mahbubul Alam, president, Chittagong Chamber of Commerce & Industry also spoke on the occasion. S.M. Formanul Islam, executive director & CEO, BIFFL, delivered closing remarks at the programme.
S. M. Formanul Islam expressed his concern regarding the continuous growing demand-supply gap of primary energy of Bangladesh. Statistics shows that the gap surged from 6066MW to 9268Mw from 2012 to 2014. He prudently pointed that, saving of one unit of electricity means not required to be generated that much unit which saves the cost for fuel of generation as well as maintenance.
Islam reiterated government’s determination of saving energy in all aspects and said “We are immensely depended on import for primary energy. To achieve the globally accepted Sustainable Development Goals (SDGs), it is highly required to promote the energy efficient technologies as an alternative solution to replace those outdated technologies.
Islam expressed his gratitude to JICA for extending soft loan for Energy Efficient Equipment. In the discussion, participants highlighted the need of long-term investments in infrastructure projects;
BIFFL, being the largest financial institution of the country is committed to support this industrial transformation. BIFFL has already committed for more than Tk 500 crore in energy efficient projects with 10 more in pipeline. M.M. Ispahani Limited will get refinancing facility under JICA’s EECPF scheme at concessionary rate of interest.
Bangladesh Infrastructure Finance Fund Limited (BIFFL) and M.M. Ispahani Limited signed an agreement on financing up to Tk 55 crore loans under the Energy Efficiency & Conservation Promotion Financing (EECPF) of JICA for setting-up an energy-efficient textile mill named “Pahartali Textile and Hosiery MillsUnit-5” at Chattogram.
On that occasion a signing ceremony was arranged in the port city Chattogram.
S. M. Formanul Islam, executive director & CEO, BIFFL and Mirza Salman Ispahani, chairman, M. M. Ispahani Limited signed the agreement on behalf of their respective organisations at a ceremony in Dhaka on Sunday.
Directors of CCC&I, business delegates of Chattogram, representatives from JICA and different banks and FIs and officials of BIFFL were present at the event. Md. Sagir Hossain Khan, chief operating officer, BIFFL delivered welcome speech at the programme.
Mirza Salman Ispahani, chairman, M.M. Ispahani Limited and Mahbubul Alam, president, Chittagong Chamber of Commerce & Industry also spoke on the occasion. S.M. Formanul Islam, executive director & CEO, BIFFL, delivered closing remarks at the programme.
S. M. Formanul Islam expressed his concern regarding the continuous growing demand-supply gap of primary energy of Bangladesh. Statistics shows that the gap surged from 6066MW to 9268Mw from 2012 to 2014. He prudently pointed that, saving of one unit of electricity means not required to be generated that much unit which saves the cost for fuel of generation as well as maintenance.
Islam reiterated government’s determination of saving energy in all aspects and said “We are immensely depended on import for primary energy. To achieve the globally accepted Sustainable Development Goals (SDGs), it is highly required to promote the energy efficient technologies as an alternative solution to replace those outdated technologies.
Islam expressed his gratitude to JICA for extending soft loan for Energy Efficient Equipment. In the discussion, participants highlighted the need of long-term investments in infrastructure projects;
BIFFL, being the largest financial institution of the country is committed to support this industrial transformation. BIFFL has already committed for more than Tk 500 crore in energy efficient projects with 10 more in pipeline. M.M. Ispahani Limited will get refinancing facility under JICA’s EECPF scheme at concessionary rate of interest.
