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Industrial use of Solar PV-LED tech urged

Business Desk | banglanews24.com
Update: 2016-05-04 7:14:23 AM
Industrial use of Solar PV-LED tech urged

DHAKA: Speakers put emphasis on the vast use of energy efficient technologies like Solar PV and LED Lighting in the industrial sector to help country reach the strategic target of $50 billion in RMG export by 2021.

They came up with the urge at a workshop, titled ‘Solar PV & LED Lighting’, on Wednesday (May 4) in city.

Textile Technology Business Center (TTBC) organized the workshop in association with Cleaner Textile (PaCT) program of International Finance Corporation, World Bank Group.

The addressed issues included developing a strong business case for Solar PV and LED Lighting as ‘Green Lighting Options’, and showcasing the opportunities for Solar PV plus LED Lighting in the textile and garment sector.

The main objective was to bring together key decision makers from the textile and garment sectors, technology suppliers, and financial institutions to exhibit energy efficiency products and services, highlight savings in energy consumption, green financing to engage business-to-business interactions among key stakeholders of the textile sector.

LED lighting and rooftop solar PV enable textile factories to incur lower energy cost while maintaining longer lifespan of the equipment.

In addition, the renewable energy generation technologies reduce the reliance on the local power grid and decrease greenhouse gas emission.

Moreover, LED lighting has the capacity to improve employee health and productivity.

‘With the rising cost of energy, the growth trajectory of Bangladesh textile industry can only be sustained by investing in smart technologies like Solar PV and LED Lighting in factories and nearby communities,’ said Wendy Werner, IFC Bangladesh Country Manager.

‘IFC Bangladesh is committed to the development goals of the industry and will extend support through capacity and business development through the PaCT program.’
 
At the event, IDLC Finance Ltd., a PaCT partner, signed the formal engagement letter with IFC to promote financial products that will facilitate greater adoption of resource efficiency technology across the textile sector.

The President of the BGMEA, Md. Siddiqur Rahman, Senior Vice President, BGMEA, Faruque Hassan and speakers from GE, Deloitte, IDLC, SREDA and other industry experts spoke during the event.

BDST: 1658 HRS, MAY 04, 2016
RR/SMS

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