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