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February 23, 2017
IDCOL to finance setting up solar panels on rooftops of various industries of Bangladesh

IDCOL to finance setting up solar panels on rooftops of various industries of Bangladesh. The average cost of power generation from solar energy is BDT 8-9 which is equivalent to the cost of electricity bought from the state-run utility service providers. 1 kilowatt of electricity can be produced from every 100 square feet of rooftop space. So, a factory that has 1 lakh square feet of space will be able to produce 1 megawatt of electricity. Solar energy will be cheaper if the possibility of future power tariff hike is taken into consideration. Industrial solar is getting much popularity among the local industrialist.

February 20, 2017
BEPRC signs deal with IDCOL, Rahimafrooz for study on solar power

Bangladesh Energy and Power Research Council (BEPRC) on Tuesday signed a tripartite agreement with state-owned IDCOL and private firm Rahimafrooz to conduct a research to find out an alternative solar energy for solar-run irrigation pump operation during the off-season.

 

Deputy Secretary Saif Ahmed of BEPRC, IDCOL head of renewable energy Enamul Karim Pavel and Rahimafrooz's investigator Syed Ishtiaque signed the agreement on behalf of their respective organisations.

 

Officials said this has been the first research work undertaken by the newly created BEPRC in the country.

 

Addressing the contract signing ceremony at Biduyt Bhaban, BEPRC chairman Md Anwarul Islam Sikder said the government has been planning to set up solar-run irrigation pumps. But the irrigation pumps normally run for 3-4 months a year.

The solar plants remain idle and its electricity will have no use during the non-irrigation period.   

 

 

"We want to find a sustainable business model for the solar plants to be used in pump operation so that solar plants' electricity could be utilised in a better and viable commercial way," he told the function.

 

As per the deal, IDCOL and BEPRC will finance a pilot project to be set up in Dinajpur. Rahimafrooz's investigator Syed Ishtiaque Ahmed and Buet's Professor Dr Ziaur Rahman will conduct the study.

 

The researchers will set up a pilot project and collect data for their works in first 6-8 months and then they will analyse those in the remaining time.

 

IDCOL's CEO Mahmood Malik, who was present on the occasion, said if the researchers could find out a successful model, it would promptly help implement the government's plant to replace thousands of diesel-run pumps into solar-run ones.

January 27, 2017
IDCOL has been announced as Joint Winner for Best Presented Annual Reports 2015 in the category of Public Sector Entities by the South Asian Federation of Accountants

IDCOL has been announced as Joint Winner for Best Presented Annual Reports 2015’ in the category of “Public Sector Entities” by the South Asian Federation of Accountants. The Trophy was handed over to Mr. S M Monirul Islam, Deputy CEO, IDCOL at a ceremony organized at Pan Pacific Sonargaon Hotel, Dhaka on 27th January 2017. Honorable Finance Minister Mr. Abul Maal Abdul Muhith MP was present in the occasion as Chief Guest and Mr. Fazle Kabir, Governor Bangladesh Bank was present in the occasion as Special Guest.

The award was given based on the publicly disclosed information in the Annual Report for the FY 2014-15 as well as other performance indicators including capital adequacy, profitability, liquidity, corporate governance, market share, contribution to the national exchequer, asset quality, CSR, risk management, regulatory compliance etc.

 

January 3, 2017
IDCOL signs MoU with the Ministry of Disaster Management and Relief (MoDMR) for implementation of renewable energy projects under TR/KABITA Fund