Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has included 26 new products under its revolving refinance scheme for solar energy, biogas and effluent treatment plants to provide low-cost fund.
The newly included products are bio-gas plant, solar energy and wind energy under renewable energy sector, energy saving lighting system, power switch with auto-sensor, renewable/hybrid cook stoves, LED bulb/tube assembly plant under energy efficient technology sector, methane recovery from waste for power generation, compost plant, hazardous waste treatment plant and fecal sludge management and processing under solid waste management sector, waste water/sewerage water treatment plant under liquid waste management sector, producing flammable oil from used-old tires under alternative energy sector, compressed block-brick, auto claved aerated concrete projects under non-fire block brick manufacturing project sector, used paper processing,plastic wastage, recyclable baggage production, recyclable non-woven polypropylene yarn and baggage manufacturing project under
recycling plant sector and oil production plant from palm threes, solar micro/mini-grid, vermicompose, hybrid Hoffman kiln/tunnel kiln plants, according to a circular, issued by the Bangladesh Bank (BB) on Tuesday.
The inclusion of the new products came as part of the BB's efforts to expand renewable energy and environment-friendly technology.
Currently, 18 products are getting the low-cost loans under the scheme.
The BB formed a BDT 2.0 billion revolving fund in 2009 for banks and financial institutions to give loans at low interest in solar energy, biogas and effluent treatment sectors aiming to help reduce industrial pollution and increase the power supply.
BBN/SSR/AD-21May14-9:35 am (BST)