FINAL film (short version)
Bangladesh is facing an energy crisis. Electricity is in short supply and fuel costs are rapidly rising.
Previously in the industrial sector, there were no regulations for gas and electricity.
However, now that the country is running out of natural resources and supplies, the government is enforcing rules and initiatives on energy consumption to ensure that the growth in this sector does not come at the cost of environmental degradation and inefficient usage of resources.
Factory owners are now becoming more aware that energy saving is a necessity. They are also realizing the advantages in investing in energy efficiency technologies – such as the increase in productivity and profits; reduced spending on fuel; they can claim benefits from buyers who are under pressure to favor factories who are greening their businesses and emitting less carbon; and using their savings to expand their factories.
“The biggest problem is that a lot of money is needed to convert a factory into a more energy efficient one,” according to energy auditor Abdul Alim, adding that factory owners and investors were initially scared to invest large sums as they doubted they would recover the money spent.
So, when USAID took the initiative and began an energy-efficiency focused program where they would also provide grants of up to 30% of the overall project cost, a noticeable number of factory owners stepped forward. Thirty-three, in fact.
USAID has also conducted several seminars and workshops with the buyers and factory owners, bankers and other related institutions to raise awareness and provide support.
“The factories that have installed energy-efficient equipment with the help of USAID’s grant have become model factories,” CCEB representative Hassan Mahmud says proudly, adding that they have inspired others towards the energy-efficiency route.
Nowadays, several other banks are showing interest as they have realized the profit and secured returns from these investments. And have spurred a move towards more accessible green financing with lower interest rates.
“We faced an energy crisis in the past. But now we have increased productivity by saving energy. Our exports have also increased. Our factory has benefitted greatly by using energy efficient devices,” states a grantee from textile manufacturer, K.C. Print.
BY PROVIDING TRAINING AND GRANTS,USAID IS HELPING BANGLADESH’S INDUSTRIALs SECTOR SAVE ENERGY AND PROTECT THE ENVIRONMENT ONE FACTORY AT A TIME.
Client: Deloitte / CCEB
Videographer: Danial Danny
Photographer: Faisal Khan Sumit
Director: AZ Dipu
Editor: Nic Turton
Project Manager: Lisa Stewart
Producer: Morgana Wingard