Dhaka, Bangladesh (BBN) - Two local conglomerates have joined hands to sign a clean development mechanism (CDM) service agreement for developing carbon emission reduction projects in Bangladesh.
Mostafa Kamal, managing director and chairman of Meghna Group of Industries, and Niaz Rahim, chairman of Rahimafrooz Renewable Energy Ltd, signed the deal at the corporate office of Meghna Group in the capital Dhaka on Tuesday.
The deal was signed to earn carbon credit incentive for the development of waste heat to energy generation projects at the industrial facilities of the companies.
Bangladesh Carbon of Rahimafrooz Renewable will act as specialised CDM project developer and help ensure carbon revenues from various carbon emission reduction initiatives taken by Meghna Group.
BBN/SSR/AD-15Feb12-9:40 am (BST)
