IDCOL wins Asia Power and Electricity Award

Bangladesh’s Infrastructure Development Company Limited (IDCOL) has won the ‘Asia Power and Electricity Award 2014’ in the category of ‘Solar Project of the Year’.

A press release on Wednesday said the award was given for IDCOL’s efforts, accomplishments, and positive contributions under the Solar Home System (SHS) programme.

IDCOL Director (Investment) and Head of Advisory Nazmul Haque received the award at the Power and Electricity Awards Gala Dinner on Apr 23 at the Resorts World Convention Centre in Singapore.

The release said more that 2.9 million solar home systems have been installed under IDCOL’s SHS programme as of March, providing clean energy solution to around 13 million rural people who are not covered by the country's power grid.

The programme has contributed towards creating over 50,000 jobs, effected an annual fuel subsidy saving of $39 million, promoted the development of local support industries and reduced annual CO2 emission by more than 450,000 tonnes.