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July 23, 2020
FORTIS Group Initiated Green Energy Projects Funded By IDCOL
July 23, 2020
IDCOL finances green energy projects
July 23, 2020
IDCOL provides Tk 23.9mn to FORTIS Group
July 23, 2020
IDCOL financed green energy project of FORTIS Group
July 22, 2020
FORTIS Group initiated Green Energy Projects funded by IDCOL

Infrastructure Development Company Limited (IDCOL) has financed the first Rooftop Solar project of FORTIS Group. The 428.22 kWp project will be implemented on the rooftop of K A Design Ltd, a RMG manufacturing concern of FORTIS Group, located at Boro Beraid, Badda, Dhaka.

The rooftop solar project is a part of the on-going green initiatives of FORTIS group to use more environment friendly technology and become less dependent on grid electricity by using renewable energy sources. Electricity produced from this project will not only reduce electricity bills of K A Design Ltd., but also reduce the diesel consumption during load shedding. In addition, the project owners can export unutilized electricity generated from the project to national grid through Net Metering Guideline 2018. Currently the unit cost of electricity from rooftop solar falls around BDT 7 and this makes the investment very lucrative.

The project will be implemented with a total project cost of BDT 2.99 crore. Under the facility agreement, IDCOL is providing concessional loan of BDT 2.39 crore. IDCOL has completed the first disbursement of the loan amount for the project and the project is expected to be completed very soon.

IDCOL has also approved financing for two other Rooftop Solar projects for FORTIS Group, which are Habitus Fashions Ltd. and Sarah Resort Ltd, having capacity of 617 kWp and 340 kWp respectively.

IDCOL plans to finance 300 MW of electricity from solar rooftop by 2022.

July 22, 2020
FORTIS GROUP INITIATED GREEN ENERGY PROJECTS FUNDED BY IDCOL
July 13, 2020
We are deeply saddened by of the demise of Mr. Robert J. Parra (Bob)
We are deeply saddened by the news of the demise of Mr. Robert J. Parra (Bob). He had been suffering from cancer for a long time and had breathed his last on Saturday, July 11 2020. Bob played a catalytic role in early days of Infrastructure Development Company Limited (IDCOL). Now IDCOL stands as an Infrastructure and Renewable Energy Finance behemoth in Bangladesh.
We pray for the eternal peace of his departed soul and strength of his family to bear this irreparable loss.
July 2, 2020
Swiss, French assistance to support Bangladeshs agri-business, environment-friendly projects
July 1, 2020
We deeply mourn with the loss of former director of IDCOL Mr. Latifur Rahman.

We deeply mourn with the loss of renowned businessman Mr. Latifur Rahman. He died in his sleep at his village home in Chouddagram upazila around on 1st July 2020 at 11:30AM. Mr. Rahman had been a Member of the Board of Director’s of IDCOL for quite a few years. He also served as the Group Chairman and CEO of Transcom Group. We pray for the eternal peace of his departed soul and strength of his family to bear this irreparable loss

 

June 19, 2020
Mr. Waliur Rahman Bhuiyan former director of IDCOL passed away
We are deeply saddened by the news of the demise of Mr. Waliur Rahman Bhuiyan. He had been suffering from various old age complications and breathed his last today the 19th June 2020. Mr. Bhuiyan had been a Member of the Board of Directors of IDCOL for quite a few years. He also served as the CEO of Bangladesh Oxygen Ltd. We pray for the eternal peace of his departed soul and strength of his family to bear this irreparable loss.
May 31, 2020
Alliance for Rural Electrification awards solar mini-grid projects in Bangladesh
May 30, 2020
IDCOL wins global award of ARE for rural electrification
May 30, 2020
Alliance for Rural Electrification awards solar mini-grid projects in Bangladesh
May 18, 2020
IDCOL announced as winner of ARE Awards 2020

Infrastructure Development Company Limited (IDCOL) has been announced as winner of the prestigious ARE Awards 2020 in the category of Multilateral/International Organization. Alliance for Rural Electrification (ARE), a Brussels based non-profit global business association in the rural electrification sector, has been recognizing clean energy access initiatives by the most passionate and innovative actors since 2015. ARE received 77 applications this year among which 6 were selected as winners in different categories. ARE unveiled name of winners through a press release on 18 May 2020. IDCOL was selected for successful implementation of solar mini-grid projects in Bangladesh through developing a sustainable business model, ensuring productive access to electricity for the last mile population living in the off-grid areas and facilitating local industries by creating jobs and increasing business activities.

 

IDCOL is the first organization from Bangladesh to receive this prestigious award. Winners from previous years in this category include GIZ, UN Capital Development Fund, European Commissions Directorate-General for International Cooperation and EU Energy Initiative Partnership Dialogue Facility. The award will be handed over to IDCOL at the 6th ARE Energy Access Investment Forum to be held during 23-24 September 2020 in Lusaka, Zambia.

 

Being selected as winner of the ARE Awards 2020 in the “Multilateral / International Organisations” category, IDCOL extends gratitude to all development partners of its solar mini-grid projects. DFID, JICA, the World Bank, UNDP, GPOBA, USAID, KfW and ADB have supported IDCOL through continuous guidance, concessional funding, technical assistance, capacity building and knowledge sharing to implement the projects successfully in Bangladesh. 

 

ARE press release link: Click here

April 29, 2020
We Profoundly Mourn at the Demise of National Professor Dr. Jamilur Reza Choudhury

We deeply mourn with the loss of National Professor Dr. Jamilur Reza Choudhury. He died in his sleep early morning on Tuesday 28 April - Innalillahi Wa Inna Elaihi Rajeun. He is the most eminent personality in engineering community of Bangladesh who plays a cardinal role in development of the infrastructure system of Bangladesh. He is an internationally recognized civil engineer, educationist, researcher, administrator and a leader. As a renowned scholar, Prof Choudhury is widely recognized for his immeasurable service. His contribution to IT sector in Bangladesh is also noteworthy. He was a former adviser to the caretaker government of Bangladesh in 1996, and was the Vice-Chancellor of University of Asia Pacific before his demise. He was unquestionably honest and a great human beyond his professional life.

At national level he led the experts panels of Bangabandhu Bridge, Padma Multipurpose Bridge, Dhaka Elevated Expressway, Karnaphuli Tunnel and many other ongoing development projects. He was awarded Ekushe Padak by the government in Science and technology Category in 2017 and was appointed as National Professor in 2018. Prof. Choudhury developed a simplified method for analysis of shear walls in tall buildings (Commonly known as Coull and Choudhurys Method) which has been widely used all over the world during his PhD from the Southampton in 1964, UK. as a part of his research. The method is now a part of many text books in the field and taught to designers in different countries.

He was the Chairman of IDCOL R&D Evaluation Committee and Advisory Committee of IDCOL Green Tower before his demise. We recall the contribution of this talented personality for IDCOL with gratitude. Moreover, he was the Chairman of Evaluation Committee to select the Investment Advisory Services for IDCOL in 1998 which was a precondition to start commercial operation of IDCOL. Starting from the inception period of IDCOL, JRC was always a patron through his invaluable contributions.

The demise of this great soul is a big loss for the country as well as IDCOL. On behalf of the IDCOL Board of Directors, management, employees and the stakeholders at all levels we are expressing the deepest condolence to his family members and praying to Almighty Allah for Dr. Jamilur Reza Choudhurys eternal peace and give the mental strength of his family members to bear the irreparable loss. May Allah grant him Jannah!

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