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July 26, 2017
IDCOL and Ricardo Jointly Organized Conference on “Unblocking Solar IPP Investments in Bangladesh”

Infrastructure Development Company Limited (IDCOL) and Ricardo Energy & Environment (Ricardo) jointly organized a conference on “Unblocking Solar IPP Investments” on 26 July 2017 (Wednesday) at Pan Pacific Sonargaon Dhaka (107 Kazi Nazrul Islam Avenue, Dhaka 1215, Bangladesh).


The program was organized to bring in different stakeholders to identify possible challenges in developing and financing Solar IPP projects in Bangladesh as well as suggest suitable mitigation measures to overcome such challenges, based on global best practices. More than 70 participants from different bank, sponsors and government organizations participated in the captioned conference.


The IDCOL and Ricardo led conference discussed what constitutes a successful IPP structure and explored how to develop effective Power Purchase Agreements for solar parks. Speakers and panel experts also  offered  practical  guidance  on  selecting  the  most appropriate  site,  technology and  capital  structure  for  a  project.  Throughout the conference, attendees had the chance to network and discuss their specific solar power plans.


Speakers & panelists of the conference included, Mr. Ashish Kulkarni (Principal Consultant, Ricardo Energy & Environment), Mr. Siddique Zobair (Member, Energy Efficiency, Sustainable and Renewable Energy Development Authority), Mr. Arvind Mayaram (Former Finance Secretary, Government of India), Mr. Mohammad Hossain (Director General, Power Cell, Ministry of Power, Energy & Mineral Resources, Bangladesh), Mr. Mohammad Alauddin (Joint Secretary, Power Division, Ministry of Power, Energy & Mineral Resources, Bangladesh), Mr. Shahriar Ahmed Chowdhury (Director, Centre for Energy Research, United International University), Mr. Munawar Misbah Moin (Managing Director, Rahimafrooz Renewable Energy Limited), Mr. S.M. Habibur Rahman (CFO, Maisha Group of Companies), Mr. Mohammad Arbaaz Nayeem (Business Area Manager for Overseas Projects, Ricardo Energy & Environment), Mr. Nazmul Haque (Director (Investment) & Head of Advisory, IDCOL, Mr. Bidyut Kumar Saha (Senior Financial Sector Specialist, Asian Development Bank), Mr. Ershad Hossain (Managing Director & CEO, City Bank Capital Resources Limited) , Mr. Mesbah Uddin Ahmed (General Manager & Head of Corporate, IDLC Finance Limited), Mr. Mate Antosik (Principal Consultant, Ricardo Energy & Environment) and Mr. Md. Maroof ur Rahman Mazumder (Executive Director and Head of Capital Markets, Standard Chartered Bank).


“We are privileged to be joined by representatives from Bangladesh’s government and financial sector to discuss how to unlock investment for solar power,” said Mr Ashish Kulkarni, Ricardo Energy & Environment Principal Consultant. “I hope that the conference will provide valuable insight on how to structure a profitable solar power project which contributes positively to the government’s ambitious renewable energy plans,” said the Executive Director and CEO of IDCOL, Mr. Mahmood Malik in his closing remarks of the ceremony.


IDCOL is the largest government owned, local development financial institution in Bangladesh with primary focus on financing private sector energy and infrastructure projects. Since its inception in 1997, IDCOL has been playing a major role in financing medium and large-scale infrastructure, renewable energy and energy efficient projects in Bangladesh. In addition to its financing activities, IDCOL arranges various seminars, conference, workshops, and training programs and provides advisory services for capacity development of its stakeholders.


Ricardo’s energy teams provide power sector planning support to governments, public sector organizations and utility companies throughout the world. They offer independent and unbiased market, technical and environmental advice to support clients implement bankable and sustainable power systems.