BD inks deal with ISA for renewable energy

UNB, Dhaka :
International Solar Alliance (ISA) will provide technical support to Bangladesh to pull in financing to the renewable energy sector.
“We’ll help Bangladesh find the right policy to introduce a right business model for investment in the solar power sector,” said ISA Director General Ajay Mathur while addressing a press briefing at the Intercontinental Hotel in the city on Thursday.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid was present at the signing event as the chief guest, read a ministry press release.
“We are prioritising renewable and clean energy. We have identified challenges of solar rooftop and floating solar projects. We will proceed according to the roadmap,” he said.
The ISA is an alliance of 123 signatory countries based on an intergovernmental treaty whose primary objective is to work for efficient consumption of solar energy to reduce dependence on fossil fuels.
ISA DG’s remarks came following Bangladesh’s signing of a strategic country partnership agreement with the ISA to accelerate the development of solar energy.
Power secretary Habinur Rahman and DG of ISA Ajay Mathur signed the agreement on behalf of their respective sides.
The ISA chief informed that the land scarcity and right technological solution have the biggest challenge in achieving a target to the government to generate 40 per cent of electricity from renewable sources by 2041.
“Options like floating solar could be an ideal solution for Bangladesh… We’ll be working to find innovative ideas,” he said. Power secretary Habibur Rahman informed that a total of 8 projects were undertaken to implement under the agreement with ISA.