The Infrastructure Development Company Limited is one of the two local direct access accredited entities empowered to handle GCF money
IDCOL will be seeking $100 million in loans from the Green Climate Fund (GCF), secure a further $66 million through borrower co-financing to finance energy efficiency initiatives in the Bangladeshi textile sector.The Infrastructure Development Company Limited (IDCOL) is one of the two local direct access accredited entities empowered to handle GCF money. Improving energy efficiency in the Bangladesh’s textile industry is considered the key to retaining global competitiveness as well as helping the country to meet its climate change objectives, said a press release. As part of preparing the funding proposal, a dissemination and stakeholder consultation workshop titled Impacts of Energy Efficiency on Environment, Social and Gender in Textile Sector of Bangladesh, was conducted yesterday at the Surma Hall of the Pan Pacific Sonargaon, Dhaka.Speaking as chief guest at the workshop, Monowar Ahmed, Economic Relations Division secretary, called for prompt implementation of all related policies to help achieve the various national objectives of energy efficiency.M Mosleh Uddin, unit head of GCF at IDCOL, presented a brief overview of the project and various GCF requirements.An interactive panel discussion followed on management of environment, social and gender impacts of energy efficiency in the textiles sector of Bangladesh, moderated by Dr Atiq Rahman, executive director of the Bangladesh Centre for Advanced Studies (BCAS).
