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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
| For more information: | http://www.adb.org/Projects/project.asp?id=45916 |