The PRAN-RFL Group declared its intention to use solar energy to generate renewable energy.According to a news statement from the Chief Adviser’s news Wing, Bangladeshi clothes suppliers that serve the well-known Swedish apparel company Hennes and Mauritz AB (H&M) would buy this clean electricity.
On the third day of the Bangladesh Investment Summit 2025 in Dhaka, the H&M Group signed a Memorandum of Understanding (MoU) with Pran Group and the International Finance Corporation (IFC).
The initiative underscores a significant step towards promoting sustainable practices within Bangladesh’s vital garment industry.
The agreement was signed by key representatives from each organisation: Ahsan Khan Chowdhury, Chairman and CEO of PRAN-RFL Group; Yosef El Natour, Head of Sustainability for Production, H&M; and Vikram Kumar, Director and Regional Industry Head, Infrastructure and Natural Resources, Asia Pacific, IFC, World Bank Group. The MoU sets the stage for piloting Bangladesh’s first Corporate Power Purchase Agreement (CPPA).
Backed by IFC financing and led by Pran-RFL Group, the project will enable H&M Group to link several selected suppliers to a newly developed solar park.
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