Infrastructure Development Company Limited (IDCOL) signed Financing Agreement with Gazi Renewable Energy Company Limited (GREL) on 8 December 2016 for setting up one hundred and eighty six (186) solar irrigation pumps at different districts of the country. Under the Project, GREL will install one hundred & thirty four pumps in Birganj upazila, six pumps in Kaharole upazila, four pumps in Khanshama upazila of Dinajpur district, forty two pumps in Badarganj upazilla of Rangpur district and will procure and operate nine (9) tractors and nine (9) trailers for providing tillage and carrying services in the project sites. Total cost of the project is BDT 49.25 crore. IDCOL will provide BDT 17.89 crore as loan and BDT 23.91 crore as grant under the project. The fund for loan and grant will be sourced from Japan International Cooperation Agency (JICA) and BCCRF fund managed by The World Bank.

IDCOL has a target of financing 1,500 solar irrigation pumps by 2018 and 50,000 by 2025 to replace diesel operated pumps in rural Bangladesh.

Mr. Mahmood Malik, Executive Director & CEO, IDCOL and Mr. Badrul Alam Khan, Director, GREL along with other officials from respective organizations are seen in the picture.

Infrastructure Development Company Limited (IDCOL) organized its “17^th Financial Modeling Training Program” during 29 November-1 December at IDCOL Head Office. 24 professionals from various banks, financial institutions and corporate houses attended the training program. The Executive Director & CEO of IDCOL, Mr. Mahmood Malik was present as chief guest in the certificate giving ceremony. 

IDCOL financed the 1st Public Private Partnership (PPP) Project in Healthcare Sector of Bangladesh which will provide low cost dialysis services to un-affording patients and affordable dialysis to affluent patients while ensuring the same service quality. Real time software will help doctors monitor patients from any corner of the world. Sandor Dialysis Services Bangladesh Private Limited inaugurated the dialysis centre at the National Institute of Kidney Disease and Urology (NIKDU) on 30 November 2016. The inauguration ceremony was graced by Mr. Mohammed Nasim MP, Minister of Health and Family Welfare as Chief Guest, Mr. Rajeev Sindhi, Managing Director of Sandor, Mr. Jishnu Prasanna Mukherjee, First Secretary (Education) of the Indian High Commission, Dr. Abul Kalam Azad, Director General of DGHS, Dr. Mohammad Nurul Huda Lelin, Director of NIKDU and Mr. Mahmood Malik, CEO of IDCOL among others.

IDCOL has been awarded the 1^st Prize of the 'ICAB National Award for Best Presented Annual Reports 2015’ in the category of “Public Sector Entities”. The Trophy was handed over to Mr. Mahmood Malik, Executive Director & CEO, IDCOL at a ceremony organized at Pan Pacific Sonargaon Hotel, Dhaka on 29^th November, 2016. Mr. Tofail Ahmed, MP, Hon’ble Minister, Ministry of Commerce, Government of the People’s Republic of Bangladesh graced the occasion as the Chief Guest. 

The Institute of Chartered Accountants of Bangladesh (ICAB) evaluated annual reports in the context of organizational governance system, financial analysis, appropriate disclosure of accounting policies, presentation of financial statements and the criteria set by South Asian Federation of Accountants (SAFA) Committee for Improvement in Transparency, Accountability and Governance (ITAG) for adjudication of ICAB national award.  The best annual reports under each category are also nominated by ICAB to compete in the South Asian Federation of Accountants (SAFA) forum for SAFA awards.

IDCOL has been awarded as the country’s ‘Top Taxpayer’ for the assessment year 2015-16 (fiscal year 2014-2015) in the category of “Non-Bank Financial Institutions” on 24 November 2016 at the award giving ceremony organized by the National Board of Revenue (NBR) in its new Headquarter at Agargaon in Dhaka. 

On behalf of IDCOL, Mr. S. M. Monirul Islam, CFO & Deputy CEO (Current Charge), received the prestigious tax card award at the award ceremony where Mr. Abul Maal Abdul Muhit, Hon’ble Minister, Ministry of Finance, Government of the Peoples Republic of Bangladesh was present as the Chief Guest. This year the NBR awarded top taxpayers in 18 categories for individuals, 14 categories for companies and four categories for firms and other taxpayers at national level including banks, financial institutions, telecommunication, private and public sector manufacturing companies and many others as a recognition for their exemplary compliance.

Every year, Government of the Peoples Republic of Bangladesh honors the top taxpayers at the national level for depositing highest amount of taxes to the state as a gesture to influence others to be just as compliant. The award giving ceremony of this year also marked the beginning of Income Tax Week introduced by the NBR for the first time to provide better services to individual taxpayers.

Bangladeshi company ME SOLshare Ltd, along with its partners Infrastructure Development Company Ltd (IDCOL), Upokulio Biddutayan O Mohila Unnayan Samity (UBOMUS), Centre for Energy Research at United International University and MicroEnergy International, was honoured with the Momentum for Change Award on Wednesday night.

The award was given during a ceremony with UN Secretary General Ban Ki-moon at the Conference of Parties 22 (COP22), the climate conference in Marrakech, Morocco.

The delegates from Bangladesh who accepted the award were Md. Enamul Karim Pavel, Head of Renewable Energy at IDCOL, Nasir Uddin, Executive Director of UBOMUS, Shahriar Ahmed Chowdhury, Director of the Centre for Energy Reseach, Noara Kebir, Managing Director of MicroEnergy International, Aziza Sultana Mukti, Head of Operations at ME SOLshare, and Sebastian Groh, Managing Director of ME SOLshare.

This is the company’s Momentum for Change from the bottom-up, led by IDCOL’s globally heralded Solar Home System Program which has already brought clean energy to millions of houses.

Infrastructure Development Company Limited (IDCOL) secured the First Position of ICMAB Best Corporate Award 2015 in the category of ‘Non-Bank Financial institutions’. Mr. Abul Maal Abdul Muhit, MP, Hon’ble Minister, Ministry of Finance, Government of the People’s Republic of Bangladesh handed over the award to Mr. Mahmood Malik, Executive Director & CEO, IDCOL and Mr. S.M. Monirul Islam, Deputy CEO, IDCOL in an award giving ceremony held at capital’s Pan Pacific Sonargaon Hotel on 26 October 2016.

The award was given based on the publicly disclosed information in the Annual Report for the FY 2014-15 as well as other performance indicators including capital adequacy, profitability, liquidity, corporate governance, market share, contribution to the national exchequer, asset quality, CSR, risk management, regulatory compliance etc. Notably, every year ICMAB Best Corporate Award is given to the best corporate houses including banks, financial institutions, telecommunication, private and public sector manufacturing companies as a recognition to their performances in the respective fields.

Infrastructure Development Company Limited (IDCOL) organized its “23^rd Project Finance Training Program” during 04-06 October 2016 at IDCOL Head Office. 24 professionals from various banks, financial institutions and corporate houses attended the training program. Executive Director & CEO of IDCOL, Mr. Mahmood Malik was present as chief guest in the certificate giving ceremony. 

Infrastructure Development Company Limited (IDCOL) organized a day long workshop on “Financing Utility Scale Solar Project” on 21 July 2016 at IDCOL Head Office. The program is intended to build project development capacity of its potential stakeholders.28 professionals from various banks, financial institutions and corporate organizations participated in the workshop.

Infrastructure Development Company Limited (IDCOL) and Embtronics Limited(Partner-Delta Controls) recently signed a MoU to provide Advisory Services on Energy Management & Energy Efficiency for clients & development partners where Mr. Nazmul Haque, Director (Investment) and Head of Advisory of IDCOL and Mr. Samdad Tanveer, CEO of Embtronics Ltd. along with other officials were present.

IDCOL-CCEB Joint Workshop on “Industrial Energy Efficiency (IEE): Prospects and Incentives”

Infrastructure Development Company Limited (IDCOL) and Catalyzing Clean Energy in Bangladesh (CCEB) of USAID jointly organized a day long workshop on “Industrial Energy Efficiency (IEE): Prospects and Incentives” on 25 May 2016 at IDCOL Head Office. The program is intended to promote industrial energy efficiency measures in Bangladesh and build capacity of its potential stakeholders.29 professionals from various banks, financial institutions and corporate organizations participated in the workshop.

Infrastructure Development Company Limited (IDCOL) and Bureau Veritas (Bangladesh) Pvt. Limited recently signed a MoU to provide Advisory Services for clients & development partners where Mr. Mahmood Malik, Executive Director & CEO of IDCOL; Mr. Nazmul Haque, Director (Investment) and Head of Advisory of IDCOL and Mr. Md. Golam Kibria, Country Chief Executive of Bureau Veritas along with other officials were present.

IDCOL arranged an experience sharing session on renewable energy activities of IDCOL for the trainees of Climate Finance Course, coordinated and delivered by International Institute for Environment and Development (IIED) in collaboration with the International Center for Climate Change and Development (ICCCAD) and the United Nations Development Programme (UNDP)  on 2 February 2016. Forty trainees from Afganistan, Pakistan, Combodia, Thailand, Nepal, UK, and Switzerland participated in the program.