Eastern Bank Ltd and South Asia Enterprise Development Facility (SAEDF) signed a Memo-randum of Understanding (MoU) yesterday to promote renewable energy in Bangladesh.

Ian Crosby, head of SouthAsia Enterprise Development Facility, chaired the signing ceremony held at a city hotel.

IFC, a member of the World Bank Group, is working with Eastern Bank Limited to encourage financing energy efficiency and renewable energy projects in Bangladesh to strengthen the bank’s green portfolio.

Source: daily-sun, Bangladesh/7th Dec 2010