New project to cut 22 industries’ power consumption by 43 pc

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New project to cut 22 industries’ power consumption by 43 pc

Published : Friday, 31 July, 2020 at 2:23 AM, Count : 659

New project to cut 22 industries’ power consumption by 43 pc

As part of its national goal to bring down the overall energy consumption by 20 percent by 2030, an energy efficiency project is underway in 22 industries which is expected to reduce their overall power consumption by 43 percent.

According to official sources, Sustainable and Renewable Energy Development Authority (Sreda) has been implementing the maiden project of its kind through encouraging consumers to use energy efficient equipment and appliances, reports UNB.

The 22 industries include 3 cement factories, 9 garments industries, 7 spinning mills, one weaving factory, one paper mill, and one electronics industry.

Once implemented, the project will also save Tk 110 crore annually as their bills.

Sreda has arranged a soft loan of about Tk 1147 crore from two government-owned specialised financial institutions for the industries to implement project.

Officials said these industries are installing energy efficient equipment and replaced their conventional lighting system with LED bulb-based system.

“We hope, the industries’ average electricity consumption will come down by about 43 percent once the project is implemented”, said Mohammad Alauddin, Chairman of Sreda and additional secretary at the Power Division.

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