Bangladesh – Industrial Energy Efficiency Finance Program

14 December 2011 - The Asian Development Bank (ADB) has approved the following non-sovereign loan facility and technical assistance.

Description:

The loan facility will go to the Industrial and Infrastructure Development Finance Company and other financial institutions for onlending to eligible energy efficiency projects in seven target industries: brick making, textiles, steel, cement, ceramics, chemicals, and agri-industries. The program will contribute to reducing Bangladesh's energy supply-demand gap and mitigating climate change.

Amount: $30 million loan facility from ordinary capital resources. $1.5 million reimbursable advance from ADB’s Technical Assistance Special Fund to help identify bankable efficiency projects in target industries. Cofinancing of up to $70 million from commercial sources is expected, including equity contributions from industrial sponsors.

Project ID: 45916