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February 26, 2020
IDCOL extends financing to Textile Mills for Rooftop Solar Project

Infrastructure Development Company Limited (IDCOL) signed facility agreement with Fakhruddin Textile Mills Ltd. (FTML) a concern of Urmi Group on 23 February 2020, to finance Rooftop Solar Project with a capacity of 2037.75kWp.

Electricity to be produced from this project will not only reduce electricity bills of FTML but also reduce the diesel consumption during load shedding, said a press release.

In addition, FTML can export unutilized electricity to be generated from the project to national grid under the Net Metering Guideline 2018.

Currently the unit cost of electricity from rooftop solar is below Tk8, which makes the proposed investment very lucrative as the tariff is cheaper than the grid electricity tariff.

The project will be implemented with a total project cost of Tk 14.09 crore. Under this facility agreement, IDCOL will provide concessional loan of Tk 11.27 crore.

IDCOL plans to finance 300 MWp rooftop solar projects by 2022.

 Mahmood Malik, Executive Director& CEO, IDCOL and Asif Ashraf, Managing Director, Fakhruddin Textile Mills Ltd. (FTML) signed the agreement on behalf of their respective organizations.

February 26, 2020
IDCOL,Fakhruddin Textile Mills ink deal
February 25, 2020
বাড়ি-সড়কে স্বস্তি দিচ্ছে সৌরবাতি
February 23, 2020
IDCOL Extends Financing to Fakhruddin Textile Mills Ltd. for Rooftop Solar Project

Infrastructure Development Company Limited (IDCOL) signed facility agreement with Fakhruddin Textile Mills Ltd. (FTML) a concern of Urmi Group on 23 February 2020, to finance Rooftop Solar Project with a capacity of 2037.75 kWp. Electricity to be produced from this project will not only reduce electricity bills of FTML but also reduce the diesel consumption during load shedding. In addition, FTML can export unutilized electricity to be generated from the project to national grid under the Net Metering Guideline 2018. Currently the unit cost of electricity from rooftop solar is below BDT 8, which makes the proposed investment very lucrative as the tariff is cheaper than the grid electricity tariff. The project will be implemented with a total project cost of BDT 14.09 crore. Under this facility agreement, IDCOL will provide concessional loan of           BDT 11.27 crore. IDCOL plans to finance 300 MWp rooftop solar projects by 2022.

 

Mr. Mahmood Malik, Executive Director & CEO, IDCOL and Mr. Asif Ashraf, Managing Director, Fakhruddin Textile Mills Ltd. (FTML) signed the agreement on behalf of their respective organizations. Mr. Faiaz Rahman, Director, FTML; Mr. Md. Enamul Karim Pavel, Head of Renewable Energy, IDCOL; Mr. Mohammed Jabed Emran, Chief Risk Officer, IDCOL; Ms. Farzana Rahman, Executive Vice President, IDCOL and other officials from both the organizations were present in the signing event.

February 19, 2020
IDCOL Wins ARE Awards 2020

IDCOL won the prestigious Alliance for Rural Electrification (ARE) Awards 2020 in the category of “Multilateral/International Organization”. ARE is the biggest global business association in the rural electrification sector that has been recognizing clean energy access results achieved by the most passionate and innovative actors. The award was given to IDCOL based on the successful market activation, affordable energy services, creation of local jobs and inclusion of the last mile population to the economy of Bangladesh through the Solar Mini-Grid project initiatives. Winners from the previous years in this category includes GIZ, UNCDF Clean Start Programme (Thailand), European Commission’s Directorate-General for International Cooperation and Development (DG DEVCO), European Union Energy Initiative Partnership Dialogue Facility (EUEI PDF). The award will be handed over to IDCOL during the 6th ARE Energy Access Investment Forum that is to be held during 18-19 March 2020 in Lusaka, Zambia.

January 16, 2020
IDCOL EXTENDS FINANCING TO TMSS FOR ROOFTOP SOLAR PROJECT