IDCOL, KEITI discuss energy efficiency, climate action cooperation
Infrastructure Development Company Limited (IDCOL) recently hosted a stakeholder consultation meeting with a visiting delegation from the Korea Environmental Industry & Technology Institute to discuss renewable energy, energy efficiency technologies and Bangladesh's climate action mechanisms.
The consultation brought together senior officials from IDCOL, representatives of the Economic Relations Division, industry owners, engineering, procurement and construction contractors, engineers and sector experts. Discussions focused on existing renewable energy and energy efficiency technologies, climate finance mechanisms, market experiences and opportunities for future collaboration, technology exchange and knowledge sharing.
Speaking at the event, Alamgir Morshed, executive director and chief executive officer of IDCOL, said Bangladesh has made notable progress in deploying renewable energy and energy efficiency solutions through development finance and private sector participation.
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"IDCOL remains committed to supporting climate-friendly technologies and strengthening international partnerships to accelerate Bangladesh's transition towards a low-carbon economy," he said.
A K M Sohel, additional secretary and wing chief (United Nations) at the Economic Relations Division of the Ministry of Finance, highlighted the importance of international cooperation. "Global collaboration is essential for accessing advanced technologies and climate finance. Engagements with institutions such as KEITI can play a significant role in supporting Bangladesh's climate action and sustainable industrial growth," he said.
Members of the KEITI delegation expressed interest in Bangladesh's experience in implementing climate-focused projects and discussed potential areas for future cooperation, including technology transfer, joint initiatives and knowledge exchange.
The consultation reaffirmed IDCOL's role as a key development finance institution in advancing Bangladesh's climate resilience and sustainable development goals through innovative financing and strategic international partnerships.
