A rooftop solar power project financed by Infrastructure Development Company (IDCOL) is expected to cut roughly 3,900 tonnes of carbon dioxide (CO2) emissions annually, generating approximately 6.3 GWh of clean energy each year.
IDCOL has recently signed a financing agreement with MS Dyeing, Printing and Finishing Ltd. to fund a 5.85 MWp rooftop solar power system across 13 industrial rooftops at the BSCIC Industrial Estate in Fatullah, Narayanganj, said a press release on Tuesday.
IDCOL will also provide technical guidance and long-term performance monitoring to optimise energy efficiency and reduce the company’s reliance on the traditional power grid.
IDCOL Acting Managing Director SM Monirul Islam and MS Dyeing Managing Director Md Mamunur Rashid signed the agreement at IDCOL’s headquarters in Dhaka.
Islam highlighted the scalability of industrial rooftop solar in Bangladesh, reaffirming IDCOL’s focus on mobilising private-sector capital for clean energy initiatives.
Bangladesh Knitwear Manufacturers and Exporters Association President Mohammad Hatem said the venture was a crucial shift toward sustainable manufacturing, noting that adopting green infrastructure directly enhances the global competitiveness and long-term viability of Bangladesh’s textile and apparel sector.
Rashid said integrating renewable energy into their facility directly improves operational efficiency while advancing their commitment to environmental stewardship.
The installation aligns with Bangladesh’s climate and renewable energy targets outlined in its Nationally Determined Contributions.
IDCOL has financed 300 MWp of rooftop solar projects to date and remains on track toward its broader goal of funding 1,200 MWp of industrial solar power by 2030.
IDCOL Chief Investment Officer Nazmul Haque, Head of Renewable Energy Md Enamul Karim Pavel, Chief Risk Officer Mohammed Jabed Emran, Company Secretary M Maftun Ahmed and Senior Vice President (Renewable Energy) Md Serajul Hossain were present.
