Prime Bank investment partners with consortium on clean energy push
Prime Bank Investment PLC (PBIL), a leading investment bank and wholly owned subsidiary of Prime Bank PLC, has signed a strategic memorandum of understanding (MoU) with the consortium of Bluenergy Solutions Ltd and Gtech Infrastructure Ltd, two of Bangladesh's early pioneers in solar engineering and industrial clean energy development.
The agreement, signed on 26 November 2025, establishes collaboration on merchant power plants (MPP), utility-scale solar projects and next-generation renewable energy infrastructure nationwide.
PBIL provides investment banking services across equity and debt capital markets, corporate advisory and portfolio management, supported by strong governance, disciplined risk management and sector-focused expertise. The consortium brings extensive technical competence in renewable energy engineering and project development, including consultancy, feasibility studies, design, EPC solutions and specialised execution across solar PV installations.
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The partnership prioritises ESG-aligned investment, climate-focused financial solutions and the creation of bankable project pipelines to support Bangladesh's clean energy goals. Both organisations will jointly undertake technical and financial assessments, stakeholder outreach, capacity-building initiatives and policy recommendations aimed at strengthening the renewable energy ecosystem.
The signing ceremony was attended by Syed M Omar Tayub, managing director and CEO of PBIL, and D M Abu Bakar Siddique, authorised signatory of the consortium and managing director and CEO of Gtech Infrastructure Ltd, along with senior representatives from both organisations.
Discussing the financial imperative behind the partnership, Syed M Omar Tayub said: 'Bangladesh's transition to clean energy requires close alignment between technical innovation and financial readiness. While the country needs an estimated $172 billion in green financing for its industries to remain globally competitive by 2030, the energy sector itself requires over $26.5 billion in investment to meet our national renewable generation targets. Our collaboration with the consortium positions us to play a catalytic role in bridging this infrastructure gap and advancing the country's green-growth ambitions.'
Speaking on behalf of the consortium, D M Abu Bakar Siddique said: 'Renewable energy development is entering a transformative phase in Bangladesh. Partnering with PBIL enables us to match high-quality project engineering with sophisticated financial structuring. Together, we aim to accelerate the rollout of utility-scale solar and other clean energy solutions that contribute to long-term energy security and environmental sustainability.'
By combining PBIL's investment banking leadership with the consortium's technical depth, the partnership aims to drive future-ready renewable energy projects. As Bangladesh advances towards a more resilient and sustainable energy future, the collaboration represents a pivotal step in shaping the next chapter of the country's green infrastructure development.
