Infrastructure Development Company Limited (Idcol) has signed a financing agreement with MS Dyeing, Printing & Finishing Ltd, a Narayanganj-based garments manufacturing company, to fund the deployment of a 5.85 MWp rooftop solar power system.
The project spans 13 industrial rooftops at the BSCIC Industrial Estate in Fatullah, Narayanganj, according to a press release.
Once operational, the installation is projected to generate approximately 6.3 GWh of clean energy annually, eliminating roughly 3,900 tonnes of carbon dioxide emissions each year.
In addition to capital financing, Idcol will provide technical guidance and long-term performance monitoring to optimise energy efficiency and reduce the garments manufacturer’s reliance on the traditional power grid.
SM Monirul Islam, acting managing director of Idcol, and Md Mamunur Rashid, managing director of the garments manufacturing company, signed the agreement at Idcol’s headquarters in Dhaka on Monday.
Monirul highlighted the scalability of industrial rooftop solar in Bangladesh, reaffirming Idcol’s focus on mobilising private-sector capital for clean energy initiatives.
Mamunur emphasised that integrating renewable energy into the facility would directly improve operational efficiency while advancing the company’s commitment to environmental stewardship.
The installation aligns with Bangladesh’s climate and renewable energy targets outlined in its Nationally Determined Contributions. Having already financed 300 MWp of rooftop solar projects to date, Idcol remains on track to achieve its broader goal of financing 1,200 MWp of industrial solar power by 2030.
Nazmul Haque, chief investment officer of Idcol; Md Enamul Karim Pavel, head of renewable energy; Mohammed Jabed Emran, chief risk officer; M Maftun Ahmed, company secretary; and Md Serajul Hossain, senior vice-president of renewable energy, attended the event.
Mohammad Hatem, president of the Bangladesh Knitwear Manufacturers and Exporters Association, was also present, along with other senior officials from both organisations.
