Dhaka, May 5 -- The government of Bangladesh and the United Nations Development Programme (UNDP) signed an agreement on Sunday to implement a US$ 3.3 million grant approved by the Montreal Protocol Multilateral Fund for making environment-friendly and energy-efficient refrigerator at Walton Hi-Tech Industries Ltd.

Monowar Ahmed, Secretary, Economic Relations Division, and Kyoko Yokosuka, Deputy Resident Representative, UNDP Bangladesh, signed the project agreement at the NEC conference on behalf of their respective organisations.

It is expected that emission of around 329,801 tonnes of CO2 equivalent GHG will be reduced and 42 million kwh electricity will be saved through implementation of the project.

Under this initiative, UNDP, with...