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April 10, 2017
IDCOL invested USD 45 million to “Summit Barisal Power Limited” and “Summit Narayangonj Power Unit II Limited”

Infrastructure Development Company Limited (IDCOL) has recently financed two power projects of Summit Group – Summit Barisal Power Limited (a 110 MW HFO based power plant at Rupatoli Barisal) and Summit Narayangonj Power Unit II Limited (a 55 MW HFO based power plant at Madanganj Narayanganj).

IDCOL was the lead lender with an investment of USD 30 million to the Barisal project along with USD 20 million investment from Islamic Corporation for the Development of the Private Sector (ICD). On the other hand, IDCOL was the lead lender with an investment of USD 15 million to the Narayangonj project along with USD 12.64 million investment from OPEC Fund for International Development (OFID).