Home Business RMG cos see $7.0 million cost savings a year

RMG cos see $7.0 million cost savings a year

Thrust on replication of Danish technology

The Energy Efficiency Engagement (3e) Secretariat in collaboration with the Embassy of Denmark in Dhaka jointly organised a seminar titled ‘Renewable Energy, Energy and Water Efficiency in the Textile/Garment Industry’ Tuesday in the city, said a statement. The focus of the seminar was to promote effective implementation of Energy, Renewable Energy and Water Efficiency in the Textile/Garment Industry in Bangladesh, create awareness among industries, share key findings and achievements of the 3e programme and showcase Danish Technological solutions to the industries. Danida Business Delegation companies presented their technologies and services along with insights on how such solutions can be implemented in Bangladesh. The programme started with a welcome address by Søren Robenhagen, Commercial Counsellor at the Embassy of Denmark who highlighted the importance of both energy and water efficiency in ensuring business sustainability and profitability. NCCI President ShamimUlHuq then presented his remarks on resource efficiency being a key driver for future industrial success. A presentation was delivered by Stephan Skare Enevoldsen, Senior DANIDA Adviser at the 3e Secretariat where he introduced the 3e project to the Delegation and participants. He explained the latest findings from energy assessments performed under the program in different industrial sectors. He shared that the 3e programme has identified annual energy cost savings of almost USD 7 million in 42 factories which is equivalent to an average energy savings of 21 per cent or around USD 150,000 a year.  Consequently, in terms of potential CO2 emissions savings, he stated that factories can reduce more than 100,000 tonnes or 18 per cent on average. “Energy efficiency is an increasingly important tool to achieve growth for industries in light of energy shortages, rising energy prices and international demands for sustainability”, concluded Stephan Skare Enevoldsen. Miran Ali, Director of BGMEA shed some light on the garments industry in Bangladesh and its focus on sustainability. Among others, representatives from IFC, H&M, Bestseller and other Industry representatives also shared their experience on efficiency and sustainability. Around 120 attendees, primarily from relevant industrial sectors and other stakeholders were present at the seminar.

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