Bangladesh: Industrial Energy Efficiency Finance Program (Prime Bank Limited)

Nonsovereign Project | 45916-024

Summary

The finance program will promote energy efficiency investments in industry through a loan facility to selected financial institutions. These financial institutions will onlend the proceeds to eligible energy efficiency projects in seven industries: brick making, textiles, steel, cement, ceramics, chemicals, and agri-industries. These industries have large energy saving potential and energy efficiency improvement technologies are readily identifiable (either retrofits of existing systems or new systems). A GTZ World Bank report showed that energy efficiency projects in textiles, steel, and chemicals have the greatest carbon emission reduction potential per dollar invested by comparing 16 pilot studies across industries.

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Project Name Industrial Energy Efficiency Finance Program (Prime Bank Limited)
Project Number 45916-024
Borrower/Company INDUSTRIAL ENERGY EFFICIENCY PRGRAM
Country Bangladesh
Location Bangladesh
Approval Number 7378
Type or Modality of Assistance
7378 -1 US$ 0.00 Approved
Strategic Agendas
Drivers of Change
Sector / Subsector For classification - For classification
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer ADB Disclosure
Project Sponsor(s)
Description The finance program will promote energy efficiency investments in industry through a loan facility to selected financial institutions. These financial institutions will onlend the proceeds to eligible energy efficiency projects in seven industries: brick making, textiles, steel, cement, ceramics, chemicals, and agri-industries. These industries have large energy saving potential and energy efficiency improvement technologies are readily identifiable (either retrofits of existing systems or new systems). A GTZ World Bank report showed that energy efficiency projects in textiles, steel, and chemicals have the greatest carbon emission reduction potential per dollar invested by comparing 16 pilot studies across industries.
Objectives and Scope
Linkage to Country/Regional Strategy The promotion of energy efficiency is a key objective under ADB's Strategy 2020. Energy efficiency is mentioned under both the infrastructure (energy) and the environment (climate change) core areas of operations. Strategy 2020 estimated the annual investment needs for energy efficiency in Asia and the Pacific at $14 billion over the 2009-2018 period. Energy efficiency is also an objective under ADB s country partnership strategy for Bangladesh.
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 07 Nov 2011
Due Diligence 16 Sep 2011
Credit Committee Meeting 08 Nov 2012
Approval 14 Dec 2011
Last PDS Update 30 Sep 2014
Title Document Type Document Date
Industrial Energy Efficiency Finance Program Reports and Recommendations of the President Nov 2011
Industrial Energy Efficiency Finance Program Summary Poverty Reduction and Social Strategies Nov 2011

Evaluation Documents

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