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An eleven-member delegation from the government of Malawi is currently visiting Bangladesh to gain firsthand knowledge on IDCOL’s renewable energy activities.
IDCOL is facilitating in-house sessions at its head office and arranging site visits to various IDCOL-financed renewable energy interventions, according to a media release.
IDCOL, a government-owned financial institution, was engaged by the Ministry of Energy of the government of Malawi to design and operationalise the USD 20 million Off-Grid Market Development Fund with the objective of electrifying 200,000 households in rural Malawi.
The fund has been established with support from the World Bank under the Malawi Electricity Access Project. The fund has achieved significant progress, with more than 61,000 solar home systems being installed in remote rural areas of Malawi, the release says.
IDCOL hosted a corporate dinner on April 23, 2024, in honour of the delegation led by Engineer Alfonso Chikuni, Principal Secretary, Ministry of Energy, government of Malawi.
Dr Khairuzzaman Mozumder, Secretary, Finance Division and Director, IDCOL and Mr Md Mostafizur Rahman, Additional Secretary, Economic Relations Division and Director, IDCOL attended the event respectively as Chief Guest and Special Guest.
Mr S M Monirul Islam, Acting CEO of IDCOL, along with other senior officials also attended the programme, the release adds.