PBIL, Consortium of Bluenergy Solutions Ltd & Gtech Infrastructure Ltd join forces to accelerate renewable energy in Bangladesh

Prime Bank Investment PLC. (PBIL), a leading Bangladeshi investment bank and wholly owned subsidiary of Prime Bank PLC., has signed a strategic Memorandum of Understanding (MoU) with the Consortium of Bluenergy Solutions Ltd. and Gtech Infrastructure Ltd., two of Bangladesh’s pioneers in solar engineering and industrial clean energy development.

The agreement, signed on November 26, 2025, establishes a collaboration to advance merchant power plants (MPP), utility-scale solar projects, and next-generation renewable energy infrastructure across the country, according to a media release. 

PBIL offers a comprehensive suite of investment banking services across equity and debt capital markets, corporate advisory, and portfolio management—supported robust governance, disciplined risk management, and sector-driven expertise.

The Consortium brings extensive technical proficiency in renewable energy engineering and project development, offering consultancy, feasibility studies, design, EPC solutions, and specialized execution capabilities across solar PV projects.

The partnership emphasizes ESG-aligned investment, climate-focused financial solutions, and the creation of bankable project pipelines that support Bangladesh’s clean energy ambitions.

Both organizations will work together on technical and financial assessments, stakeholder outreach, capacity-building programs, and policy insights aimed at strengthening the renewable energy ecosystem.

The signing ceremony was attended by Mr. Syed M Omar Tayub, Managing Director & CEO of PBIL, and Mr. D M Abu Bakar Siddique, Authorized Signatory of the Consortium and Managing Director & CEO of Gtech Infrastructure Ltd., alongside senior representatives from both organizations.

Discussing the financial imperative of the partnership, Mr. Syed M Omar Tayub, Managing Director & CEO of Prime Bank Investment PLC., said, “Bangladesh’s transition to clean energy requires close alignment between technical innovation and financial readiness. While the country needs an estimated $172 billion in green financing for its industries to remain globally competitive by 2030, the energy sector itself requires over $26.5 billion in investment to meet our national renewable generation targets. Our collaboration with the Consortium positions us to play a catalytic role in bridging this infrastructure gap and advancing the country’s green-growth ambitions.”

Speaking on behalf of the Consortium, Mr. D M Abu Bakar Siddique stated, “Renewable energy development is entering a transformative phase in Bangladesh. Partnering with PBIL enables us to match high-quality project engineering with sophisticated financial structuring. Together, we aim to accelerate the rollout of utility-scale solar and other clean energy solutions that contribute to long-term energy security and environmental sustainability.”