-: Industrial Energy Efficiency Finance Program (Industrial and Infrastructure Development Finance Company)

Project Data Sheet (PDS): Overview


Description

The finance program will promote energy efficiency investments in target industries through a $30 million loan facility to selected participating financial institutions in Bangladesh. The participating financial institutions will onlend the facility amount to eligible energy efficiency projects in seven target industries: brick making, textiles, steel, cement, ceramics, chemicals, and agri-industries. The finance program will initially target the brick making sector by promoting brick kilns that are 50% more energy efficient than existing kilns. The finance program will also identify bankable projects in the other target industries through a $1.5 million PPTA. The finance program will contribute to energy savings equivalent to at least 350 GWh per year and to a reduction in carbon emissions of at least 150,000 tons per year by 2015. Read More

Country Bangladesh
Borrower/Equity Investment Name INDUSTRIAL INFRA DEVT FINANCE CO.
Project Number 45916-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7349
Approval Date 14 Dec 2011
Geographical Location Bangladesh
Sector / Subsector Classification Energy
/ Energy efficiency and conservation
Thematic Classification Economic growth
Environmental sustainability
Private sector development
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Martin Lemoine
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
20 Oct 2011

Last PDS Update
25 Mar 2013

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