IDCOL, PRAN -RFL highlight partnership for green industrial growth
Infrastructure Development Company Limited (IDCOL) and PRAN-RFL Group have announced a strategic partnership to accelerate energy efficiency and renewable energy adoption across Bangladesh's industrial sector.
The collaboration was unveiled at a ceremony attended by senior officials, development partners and industry stakeholders.
The organisations stated that the partnership is intended to support efforts toward sustainable industrialisation in one of the world's fastest-growing economies.
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Further detailing their collaboration, as part of the agreement, IDCOL has extended Tk200 crore under its Energy Efficiency Financing Window to Kaliganj Agro Processing Limited, supporting efforts to optimise energy consumption and enhance operational efficiency. The initiative signals an accelerating shift among Bangladeshi industries towards modern, energy-efficient production systems.
In addition, IDCOL has financed multiple rooftop solar projects at industrial sites, bringing the total installed capacity to approximately 35 MW. Notable installations include 2.93 MW at Chorka Textiles Ltd., 1.56 MW at Ganga Foundry Ltd., 3.08 MW at Rangpur Metal Industries Ltd., and 27.38 MW at Sylvan Technologies Ltd.—one of the largest industrial solar projects under implementation in Bangladesh.
These investments are projected to help reduce carbon emissions, lower energy costs, and improve resilience against global energy price volatility. They may also support participating companies in meeting international demand for environmentally responsible manufacturing.
Speaking at the event, IDCOL Chief Executive Officer Alamgir Morshed commented that economic growth and sustainability are increasingly interconnected in Bangladesh.
He noted that Bangladesh is moving beyond a narrow focus on energy access towards a broader agenda of energy efficiency and renewable energy integration, driven by rising industrial demand and global climate commitments.
The partnership demonstrates changes in global supply chains, where sustainability is a key factor for competitiveness. By adopting clean energy solutions across its operations, PRAN-RFL Group aims to improve its position in export markets as buyers increasingly prefer low-carbon production.
Meanwhile, IDCOL continues to play a pivotal role in mobilising climate finance in Bangladesh. Having financed over 864 MWp of renewable energy capacity—equivalent to 43% of the country's portfolio—the organisation has established itself as a leading facilitator of private sector participation in the clean energy transition.
The partnership with PRAN-RFL Group offers a model for industrial decarbonisation, utilising innovative financing to align business growth with environmental sustainability.
Both organisations indicated their intent to continue collaborating in the coming years, with a focus on scaling up green investments and supporting Bangladesh's transition to a low-carbon economy.
