Huawei, BGMEA to collaborate for green Bangladesh  | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
May 31, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, MAY 31, 2025
Huawei, BGMEA to collaborate for green Bangladesh 

Corporates

TBS Report
30 October, 2022, 06:35 pm
Last modified: 30 October, 2022, 06:35 pm

Related News

  • Huawei’s Fit 4 Pro brings Apple style to non-Apple users
  • Sammilita Parishad candidate introduced in Ctg ahead of BGMEA polls
  • Apparel leaders, global buyers, regulators discuss overlapping audit challenges, compliance requirements in high-level meeting
  • Foreign investors won't come until locals step forward: Ex-BGMEA president Kutubuddin
  • Huawei unveils latest Xinghe Intelligent Network solutions in Bangladesh

Huawei, BGMEA to collaborate for green Bangladesh 

MoU signed for installation of solar power plants at BGMEA enlisted garment factories 

TBS Report
30 October, 2022, 06:35 pm
Last modified: 30 October, 2022, 06:35 pm
Huawei, BGMEA to collaborate for green Bangladesh 

Huawei has recently signed a Memorandum of Understanding (MoU) with BGMEA, the largest trade associations in the country representing the readymade garment industry, with a view to taking steps to address the current energy crisis and move towards a greener Bangladesh. 

BGMEA has joined hands with Huawei for exploring green energy solutions, said a press release. 

The MoU was signed between these two entities at BGMEA Complex, Uttara on Sunday (30 October). 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Faruque Hassan, President, BGMEA and Pan Junfeng, CEO, Huawei Technologies (Bangladesh) Limited signed the MoU on behalf of their respective entities. Other high officials from Huawei and BGMEA were also present at the event.     

Under this agreement, Huawei and BGMEA will work together to help the garment factories become "green factories" by shifting to green source of energy. 

Huawei will be setting up solar power plants in the BGMEA enlisted factories following two modules – Opex and Capex. 

In the Opex module, factory owners will be able to enjoy less tariff rate than grid electricity. On the other hand, under the Capex module (1), Factory owner will make a long-term payment agreement with the Investor. After payment completed, Solar panel system belong to factory owner. There will also be another arrangement (Capex module 2), where factory owners will invest by themselves to set up rooftop solar system and can save electricity consumption by using solar energy. In both cases, BGMEA will regulate the processes and bridge the communication between Huawei and factories. 

Meanwhile, the scope of this memorandum will also allow Huawei and BGMEA to build more than 2GW of solar rooftop system in garments industries, which will altogether generate probably 2600 GWh of clean electricity per year, minimizing the pressure on grid electricity and helping the country to deal with ongoing energy crisis. 

The system will also help factories to avoid 1.40 million tons of CO2 per year, which amounts to planting around 2.14 million trees. Such an initiative will help the industry to reduce its dependency on fossil fuel to a great extent and at the same time, the factories can save money by enjoying electricity tariff at a cheaper rate. 

BGMEA President Faruque Hassan said at the event, "Energy efficiency, renewable energy and carbon footprint reduction have been one of the core areas of concern for BGMEA to facilitate sustainable growth and maintain competitiveness of the industry in the long run. Therefore, investments in renewable energy and energy efficient technologies has become imperative throughout the industry."

Pan Junfeng, CEO of Huawei Technologies (Bangladesh) Limited, said, "Currently the RMG sector of Bangladesh is going through a scarcity of proper power supply, resulting in the companies incurring cost hikes. As a solution, Huawei will work with BGMEA to fulfil the necessity of more power supply through green solutions (solar power). Eventually, this will help reduce excess power supply pressure on the national grid and the factories can move toward becoming green factories." 

BGMEA / Huawei

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus meets Japanese Prime Minister Ishiba Shigeru in Japan on 30 May 2025. Photo: CA Office
    Bangladesh, Japan to sign Economic Partnership Agreement by year-end
  • File photo of BNP BNP Standing Committee Member Amir Khasru Mahmud Chowdhury
    Speaking about country’s problems in foreign trips won’t solve them: Khasru takes jibe at Yunus
  • Representational image. Photo: Collected
    'Heavy to very heavy' rainfall expected across country as land depression weakens further

MOST VIEWED

  • Photo: Courtesy
    New notes featuring historic, archaeological structures of Bangladesh to be circulated from 1 June
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Representational Photo: Collected
    Country's all jewellery shops to remain indefinitely closed in protest of VP Reponul's arrest: Bajus
  • Khondoker Rashed Maqsood. File Photo: Collected
    Investors urge removal of BSEC chairman in meeting with CA’s special assistant, submit list of demands
  • Illustration: TBS
    Bangladesh repays $3.5b foreign debt in 10 months of FY25

Related News

  • Huawei’s Fit 4 Pro brings Apple style to non-Apple users
  • Sammilita Parishad candidate introduced in Ctg ahead of BGMEA polls
  • Apparel leaders, global buyers, regulators discuss overlapping audit challenges, compliance requirements in high-level meeting
  • Foreign investors won't come until locals step forward: Ex-BGMEA president Kutubuddin
  • Huawei unveils latest Xinghe Intelligent Network solutions in Bangladesh

Features

Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

9h | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

11h | Mode
Photo collage of the sailors and their catch. Photos: Shahid Sarkar

Between sky and sea: The thrilling life afloat on a fishing ship

16h | Features
For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

1d | The Big Picture

More Videos from TBS

Six Lakh Sacrificial Animals Ready in Sirajganj for Eid-ul-Adha

Six Lakh Sacrificial Animals Ready in Sirajganj for Eid-ul-Adha

6h | TBS Stories
Six MoUs signed during Chief Advisor's visit to Japan

Six MoUs signed during Chief Advisor's visit to Japan

10h | TBS Today
Record migrant deaths in 2024

Record migrant deaths in 2024

1d | Podcast
Govt likely to trim subsidies in new budget

Govt likely to trim subsidies in new budget

13h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net