The Power Division and the United States Agency for International Development (USAID) have signed a memorandum of understanding (MoU) to cut carbon emissions in Bangladesh, helping ensure the country's energy security.
Power Division Deputy Secretary Nirodh Chandra Mandol and Rebecca Robinson, acting director of the Economic Growth Office of the USAID, signed the MoU in Dhaka Sunday to implement the project "Bangladesh Advancing Development and Growth Through Energy (BADGE)."
Under the project, $17.2 million will be spent to cut carbon emissions in the country, Power Division Secretary Habibur Rahman said.
According to the Power Division, the project will also help increase the cooperation between the private sector and educationists in reducing carbon emissions.
The BADGE project will also help improve regulatory oversight of energy systems by creating transparent and efficient energy markets, it added.
Power Division Additional Secretary Md Mohsin Chowdhury, Bangladesh Power Development Board Chairman Mahbubur Rahman and Power Cell Director General Mohammad Hossain also spoke at the event.