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.