Signing of BDT 54.67 million Term Loan Facility between IDCOL and Engreen Limited
A Term Loan Facility amounting BDT 54.67 million was signed between Infrastructure Development Company Limited (IDCOL) and Engreen Limited (Engreen) on 22 May 2014 at IDCOL Head Office. The facility will be utilized to install solar-diesel hybrid power solution at 40 off-grid BTSs of Banglalink Digital Communications Ltd. to ensure uninterrupted voice and data services as well as reduce operational expenses. Engreen will operate and maintain these power systems for a period of 10 years.
The Executive Director & CEO of IDCOL Mr. Mahmood Malik and the Managing Director of Engreen Mr. Md. Mushfiqur Rahman signed the facility agreement on behalf of their respective organizations.