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Dhaka Monday,  Nov 11, 2024

IDCOL provide $15 million Loan to Lakdhanavi Power

EB Report

Infrastructure Development Company Limited (IDCOL) has recently signed an agreement with Lakdhanavi Bangla Power Ltd. (LBPL) to extend USD 15 million term loan to LBPL for setting up a 52.2 MW Dual Fuel Power Plant at Jangalia, Comilla.

In addition to IDCOL, four other Sri Lankan lenders – National Development Bank PLC (NDB), Sampath Bank PLC (Sampath), Commercial Bank of Ceylon PLC (CBC), and Hatton National Bank PLC (HNB) will extend USD 8 million, USD 6 million, USD 3 million and USD 3 million, respectively. The power plant is expected to go into commercial operation by December 2014.

Since its inception, IDCOL is playing a major role in bridging the financing gap for developing medium and large-scale infrastructure and renewable energy projects in Bangladesh. The company now stands as the market leader in private sector energy and infrastructure financing in Bangladesh.

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