6 news articles tagged with "Green Financing"
Pakistan's major commercial banks have weak sustainability safeguards for the companies and projects they finance, despite having environmental policies on paper, a study has found.
Shahjalal Islami Bank PLC has signed two participation agreements with Bangladesh Bank to facilitate financing for the establishment of green industries and information technology sector development under the central bank's refinance schemes.
The Bangladesh Securities and Exchange Commission has approved Tk 3,500 crore in bond proposals from five commercial banks to strengthen Tier-II capital under Basel III and finance green and sustainable projects, with BRAC Bank raising the largest Tk 1,000 crore through a zero-coupon green bond.
The Asian Development Bank has signed a $50 million loan agreement with Modern Syntex Limited to expand energy-efficient polyester chips production in Bangladesh, lifting capacity from 107 to 407 tonnes per day and reducing reliance on imported synthetic inputs.
Bangladesh restored payment guarantee for renewable power investment. Government aims to attract investors by addressing delayed payment concerns. Renewable energy target 10,450MW by 2030.
Bangladesh rooftop solar nears 1,000MW (IEEFA estimate). Official data: 418MW. Tax raised from 1% to 17%. Net-metering delays. 500MW pipeline. 10 lakh diesel pumps vs 3,556 solar. Converting 1/3 could save $244M/year. Govt target: 10,450MW by 2030.