Centre for Research and Information (CRI), Power Cell, Power Division, Ministry of Power, Energy and Mineral Resources (MPEMR) and Green Delta Insurance Company Limited (GDIC) signed a Memorandum of Understanding (MOU) at the CRI office yesterday (September 16, 2019), which entails the agreement to work in collaboration to find, promote and nurture new innovations, talent, and solutions. Centre for Research and Information (CRI) intends to engage the Young Bangla (youth network of CRI) to mobilize the project titled “Bicchuron” all over the country. The MoU signing ceremony was held in the presence of the Hon’ble State Minister to the Ministry of Power, Energy and Mineral Resources, Mr. Nasrul Hamid MP; while other signatories were Mr. Mohammad Hossain (Director General, Power Cell, Power Division, MPEMR), Ms. Farzanah Chowdhury (Chartered Insurer, Managing Director & CEO, GDIC) and Mr. Sabbir Bin Shams (Executive Director, CRI).
Introduction and promotion of sustainable & renewable energy in the private sector and community level of Bangladesh is a priority now. The project is signed in the backdrop of promoting innovation in sustainable & renewable energy which may solve power & energy challenges of the marginal group of the country. Two (2) major areas of cooperation are identified which will be arranged upon the collaboration.
It will be an open competition for the youth of Bangladesh. The winner will be selected based on the innovative ideas supported by the basic scientific principles covering design, operation and utility aspects of the product in the renewable sector like solar, wind and biogas based energy solutions.
Five (5) to ten (10) projects will be examined and selected finally by an expert committee for consideration for financial support and execution at the community level. Selected projects will be funded for commercial operation and scale-up for sustainable business model.
Apart from the idea hunt competition, hundred (100) local entrepreneurs will be selected from different parts of the country, who will be provided with technical, strategic and logistics support to roll out an easily scalable and implementable energy production solution (with no geographic dependency).