Jean Pesme, the Country Director of the World Bank, along with a senior management team from the World Bank Bangladesh office, visited GPH Ispat Ltd’s 6.05 MWp rooftop solar project on Saturday.
The project, one of the largest rooftop solar installations in Bangladesh’s industrial sector, has been financed by the Infrastructure Development Company Limited (IDCOL), according to a press release.
The delegation was accompanied by Alamgir Morshed, Executive Director and CEO of IDCOL, and Md Enamul Karim Pavel, Head of Renewable Energy at IDCOL, along with other senior officials.
During the visit, Jean Pesme commended Bangladesh’s efforts to scale up clean energy solutions and stressed the importance of partnerships in driving sustainable development.
Alamgir Morshed highlighted IDCOL’s ongoing commitment to expanding renewable energy financing, particularly in the rooftop solar sector. IDCOL, which has been at the forefront of renewable energy development in Bangladesh, has financed a wide range of projects, including solar home systems, mini-grids, and utility-scale solar projects.
Recently, IDCOL has focused on expanding rooftop solar projects and set a target to finance 1,150 MWp of rooftop solar by 2030. To date, IDCOL has financed approximately 220 MWp, with a pipeline exceeding 200 MWp.
The 6.05 MWp rooftop solar project at GPH Ispat Ltd. is expected to generate clean electricity for industrial operations, significantly reducing greenhouse gas emissions.
The project is a testament to the growing involvement of the private sector in renewable energy development.
The visit underscored the continued collaboration between the World Bank and IDCOL in promoting sustainable and climate-resilient infrastructure in Bangladesh.
