Infrastructure Development Company Limited on Tuesday resumed its financing support for solar irrigation pumps or SIPs, said a press release.
To commemorate this milestone, IDCOL hosted a signing ceremony on the day at its premises in the capital.
The event celebrated IDCOL鈥檚 partnership with WAVE Foundation, which has received approval of Tk 34.9 crore in financing, supported by KfW, Germany, for implementing 56 SIPs, including 39 grid-integrated sites across Chuadanga, Jhenaidah and Kushtia.
This initiative aligns with the government鈥檚 mandate to reduce dependency on fossil fuels and promote sustainable agricultural practices.
IDCOL executive director and chief executive officer Alamgir Morshed delivered welcome remarks, highlighting IDCOL鈥檚 long-term commitment to deploying 10,000 SIPs by 2030.
Michael Sumser-Hellstern, director of the KfW office in Bangladesh, was present as a special guest.
Other distinguished guests included Md Muzibur Rahman, director of SREDA; Tazmilur Rahman, senior assistant secretary 鈥� renewable energy wing of Power Division; Md Tazmilur Rahman, deputy director of KfW Office in Bangladesh; and Mohammed Jabed Emran, chief risk officer of IDCOL.
The programme featured a presentation on SIPs, experience sharing by WAVE Foundation and remarks from guests, followed by the formal signing ceremony.
SM Monirul Islam, deputy CEO and CFO of IDCOL, concluded the event with a vote of thanks, reaffirming IDCOL鈥檚 dedication to fostering inclusive, climate-resilient development.
With 1,495 SIPs already financed, representing 42 per cent of the market share, IDCOL continues to lead the transition toward clean energy in agriculture, the release said.
