Infrastructure Development Company Limited (IDCOL) and PRAN-RFL Group have highlighted a strategic partnership to accelerate energy efficiency and renewable energy adoption in Bangladesh’s industrial sector.
The collaboration was showcased at a ceremony in Dhaka on Saturday, where officials, development partners and industry stakeholders discussed efforts to advance sustainable industrialisation, according to a press release.
Under the partnership, IDCOL has extended Tk200 crore financing to Kaliganj Agro Processing Limited through its Energy Efficiency Financing Window to optimise energy use and improve operational efficiency.
The initiative reflects a broader shift among industries towards energy-efficient production systems as energy costs and global sustainability standards continue to rise.
IDCOL has also financed rooftop solar projects across multiple industrial entities with a combined capacity of about 35 megawatts.
The projects include installations at Chorka Textiles Ltd with 2.93 megawatts, Ganga Foundry Ltd with 1.56 megawatts, Rangpur Metal Industries Ltd with 3.08 megawatts and Sylvan Technologies Ltd with 27.38 megawatts, one of the largest industrial solar projects under implementation in the country.
The investments are expected to reduce carbon emissions, lower energy costs and improve resilience against global energy price volatility, while helping companies meet growing international demand for environmentally responsible manufacturing.
The event heard that Bangladesh’s industrial sector is gradually shifting from a focus on energy access to energy efficiency and renewable integration, driven by rising demand and global climate commitments.
The partnership also reflects evolving global supply chains where sustainability is increasingly linked to competitiveness, particularly in export markets.
IDCOL has so far financed more than 864 megawatt-peak of renewable energy capacity, accounting for about 43 per cent of the country’s portfolio, positioning itself as a key facilitator of private sector participation in clean energy.
Both organisations said the collaboration offers a scalable model for industrial decarbonisation through innovative financing, aligning business growth with environmental sustainability.
They also reaffirmed plans to expand cooperation in the coming years to scale up green investments and support Bangladesh’s transition towards a low-carbon and resilient economy.
