Idcol finances 5.85MWp rooftop solar project in Narayanganj
Infrastructure Development Company Limited (Idcol) has signed a financing agreement with M S Dyeing, Printing and Finishing Ltd to install a 5.85-megawatt peak (MWp) rooftop solar power system in Narayanganj.
The project will cover 13 industrial rooftops at the Bangladesh Small and Cottage Industries Corporation Industrial Estate in Fatullah, according to a press release.
Once operational, the installation is expected to generate around 6.3 gigawatt-hours of clean electricity annually and reduce carbon dioxide emissions by approximately 3,900 tonnes a year.
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Alongside financing, Idcol will provide technical guidance and long-term performance monitoring to improve energy efficiency and reduce the company's dependence on the national grid.
Idcol Acting Managing Director SM Monirul Islam and M S Dyeing, Printing and Finishing Ltd Managing Director Md Mamunur Rashid signed the agreement on behalf of their respective organisations at Idcol's headquarters in Dhaka.
Bangladesh Knitwear Manufacturers and Exporters Association President Mohammad Hatem attended the signing ceremony.
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 for Renewable Energy Md Serajul Hossain were also present.
Speaking at the ceremony, SM Monirul Islam highlighted the potential to expand industrial rooftop solar power in Bangladesh. He reaffirmed Idcol's commitment to mobilising private-sector investment in clean energy projects.
Mohammad Hatem described the project as an important step towards sustainable manufacturing. He said investment in green infrastructure would strengthen the global competitiveness and long-term viability of Bangladesh's textile and apparel sector.
Md Mamunur Rashid said integrating renewable energy into the company's facilities would improve operational efficiency while advancing its commitment to environmental responsibility.
The project supports Bangladesh's climate and renewable energy targets under its Nationally Determined Contributions.
Idcol has financed 300MWp of rooftop solar projects and aims to finance 1,200MWp of industrial solar capacity by 2030.
