Thursday March 22, 2018 08:21 AM

Efficiencies can cut energy costs by 21%

Efficiencies can cut energy costs by 21%

Companies in Bangladesh can reduce the use of fuel by up to 16%, helping to cut the cost up to 21% along with 18% reduction in carbon emission, according to Danish International Development Agency (DANIDA)

DANIDA officially released the information at a seminar titled “Bangladesh: A great potential for Energy Efficient Industry” held in Dhaka yesterday, reported BSS.

The seminar was orgnised by Dhaka Chamber of Commerce and Industry (DCCI) in collaboration with Nordic Chamber of Commerce and Industry (NCCI) the DANIDA’s Energy Efficient Engagement (3E) programme.

Speaking at the seminar, DANIDA Senior Adviser Skare Enevoldsen said after observing the operation of 36 factories in Bangladesh, the 3E programme calculated that the factories could save a total energy cost of $5.2 million annually, with $145,000 at each factory on an average.

Most of the recommendations to make the factories energy efficient can be implemented easily at little cost, he said.

In his welcome address, DCCI President Hossain Khaled said Bangladesh had the scarcity of primary energy against its compound need in different industries.

NCCI President Shamim Ul Huq said energy efficiency helped achieve sustainable development and cost reduction in industries.

Referring to Bangladesh’s target of $50 billion RMG export by 2021, Shamim said: “If we ensure energy efficiency in our RMG factories, we will be able to get more benefit out of it.”

Senior Industry Secretary Mosharraf Hossain Bhuyian said energy efficiency engagement would help reduce carbon dioxide emission as well as support the sustainable and economic development of Bangladesh.

Danish Ambassador to Bangladesh Mikael Hemniti Winther underscored the importance of leadership role of industry players to ensure green growth in the country.

He further said in terms of energy efficiency, Denmark could share its own technology with Bangladesh. “Bangladesh is close to becoming a middle income country within seven or eight years, so huge amount of energy is needed for the industry in future. That is why it needs to adopt new technology,” he added.

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