ADB to offer $forty five.4m

Technology Desk, Abu Talha Rasel, Staff Reporter, Dhaka Office: Alltimenews.com:-Bangladesh will acquire a$20 million mortgage from an Asian Development Bank (ADB) Power System Efficiency Improvement Project collectively with a further$25.Forty four million in furnish financing to spur off-grid solar photovoltaic (SPV) pumping for agricultural irrigation, reports BSS.

The supply financing accommodates US$ 22.44 million from the scaling up Renewable Energy in Low-Income Countries Programme underneath the Strategic Climate Fund, and US$ three million is from the Clean Energy Fund for Output-based totally Aid underneath the ADB-administered Clean Energy Financing Partnership Facility, an ADB press launch stated.

ADB Senior Energy Specialist Aiming Zhou stated: “High diesel expenses for irrigation aren’t sustainable and affordable for small farmers in rural Bangladesh.

“In an area in which grid power is not to be had, the usage of solar electricity for irrigation is a promising opportunity to diesel-based pumping systems. The mission will help meet numerous electricity demands, enhance livelihoods because of less pollutants, and result in financial savings from the reduction in diesel use for irrigation and other agricultural activities.”

Irrigation consumes approximately four.58 percentage of the whole electricity era inside the us of a. Farmers with electric pumps, but, continuously battle with persistent electricity outages.

This forces them to perform their pumps at night when grid strength demand is decrease and strength outages are less likely.

In off-grid rural regions, reliance on highly-priced diesel

for pumping is the only

choice.

About eleven.06 million farmers are the use of diesel to operate their pumps for irrigation that consume 1,000,000 tonnes of diesel according to 12 months.

Solar-powered irrigation can update diesel structures to decorate energy protection, lessen nearby pollution, and mitigate weather exchange. However, the financing and operating model are nevertheless at early ranges and now not yet financially and operationally feasible.

The provide will be used to lower the high prematurely fee of using SPV pumping structures for agricultural irrigation, making them greater low-priced to low-earnings farmers.

The funding will aid installation of at least 2,000 SPV pumping systems in areas with out energy get entry to with an expected 19.Three megawatts-peak of sun ability.

The task will even conduct an recognition campaign, inclusive of workshops for the ability customers at the SPV water pumping gadget installations and operations. Technical and abilties training can be provided to guide process and livelihood possibilities with a focus on ladies.

By replacing diesel pumping systems with SPV pumps, the task is predicted to bring about a reduction of 17,261 tonnes of carbon dioxide emissions yearly.

 

Technology Desk, Alltimenews.com