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January 22, 2023
IDCOL extends financing to Rancon Infrastructures for rooftop solar project

Infrastructure Development Company Ltd (IDCOL) recently signed a long-term loan facility agreement of Tk5.79 crore with Rancon Infrastructures & Engineering Ltd (RIEL) to finance their second rooftop solar project. 

Under the Project, RIEL will install 1.0 MWp solar PV system on the factory rooftops of Rancon Electronics Ltd (REL) and Rancon Auto Industries Ltd (RAIL) located at Boro Bhabanipur of Gazipur's Kashimpur, said a press release.

Alamgir Morshed, executive director and CEO of IDCOL, and Mashid Rahman Abir, managing director of RIEL, signed the agreement on behalf of their respective organisations. 

 

Speaking on the occasion, Alamgir Morshed said, "Rancon Group is doing a fantastic job of contributing to the economy of Bangladesh. Their rooftop solar projects will encourage others to focus on green energy sources. 

"To promote rooftop solar projects, IDCOL not only provides concessionary loan facilities but also technical assistance to its borrowers."

 
 

SM Monirul Islam, deputy CEO & CFO of IDCOL, Md Enamul Karim Pavel, head of renewable energy of IDCOL, and other officials of both organisations were also present at the occasion.

January 22, 2023
IDCOL EXTENDS FINANCING TO RANCON FOR ROOFTOP SOLAR PROJECT

Dhaka, January 22, 2023 (PR) - Infrastructure Development Company Limited (IDCOL) signed a long-term loan facility agreement of BDT 5.79 crore with Rancon Infrastructures & Engineering Ltd. (RIEL) to finance their second rooftop solar project recently. Under the Project, RIEL will install 1.0 MWp solar PV system on the factory rooftops of Rancon Electronics Ltd. (REL) and Rancon Auto Industries Ltd. (RAIL) located at Boro Bhabanipur, Kashimpur, Gazipur.

 

Mr. Alamgir Morshed, Executive Director & CEO, IDCOL and Mr. Mashid Rahman Abir, Managing Director of Rancon Infrastructures & Engineering Ltd.  signed the agreement on behalf of their respective organizations. On this occasion, Executive Director & CEO of IDCOL stated “Rancon Group is doing a fantastic job of contributing to the economy of Bangladesh. Their rooftop solar projects will encourage others to focus on green energy sources. To promote rooftop solar projects, IDCOL not only provides concessionary loan facility but also technical assistance to its borrowers.”

Mr. S. M. Monirul Islam, Deputy CEO & CFO, IDCOL, Mr. Md. Enamul Karim Pavel, Head of Renewable Energy, IDCOL, Mr. Mashid Rahman Abir, Managing Director, Rancon Infrastructures & Engineering Ltd., and other officials of both the organizations were also present at the occasion.

January 22, 2023
Rancon avails Tk 5.79cr Idcol loan for rooftop solar plant

Infrastructure Development Company Limited (Idcol) signed an agreement with the Rancon Infrastructures & Engineering to provide a long-term loan worth Tk 5.79 crore to finance the latter's second rooftop solar project. 

Under the project, the Rancon will install a 1-megawatt peak solar power system on the rooftops of the factory of Rancon Electronics and Rancon Auto Industries located at Boro Bhabanipur in Kashimpur of Gazipur.

Alamgir Morshed, executive director of Idcol, and Mashid Rahman Abir, managing director of the Rancon Infrastructures & Engineering, inked the deal at the former's head office in Dhaka recently, said a press release.

To promote rooftop solar projects, Idcol not only provides concessionary loan facilities but also technical assistance to its borrowers, said Morshed.

SM Monirul Islam, deputy chief executive officer of Idcol, and Md Enamul Karim Pavel, head of renewable energy, were present. 

 
January 22, 2023
IDCOL signs Tk 5.79cr deal with Rancon for rooftop solar

Infrastructure Development Company Limited (IDCOL) signed a long-term loan facility agreement of Tk 5.79 crore with Rancon Infrastructures and Engineering Limited (RIEL) to finance their second rooftop solar project.

Under the project, RIEL will install 1.0 MWp solar PV system on the factory rooftops of Rancon Electronics Limited (REL) and Rancon Auto Industries Limited (RAIL) located at Kashimpur in Gazipur, said a press release.

 

Alamgir Morshed, Executive Director and CEO, IDCOL and Mashid Rahman Abir, Managing Director of Rancon Infrastructures and Engineering Limited signed the agreement on behalf of their respective organisations recently.

 

SM Monirul Islam, Deputy CEO and CFO, IDCOL, Md Enamul Karim Pavel, Head of Renewable Energy, IDCOL, Mashid Rahman Abir, Managing Director, Rancon Infrastructures and Engineering Limited, and other officials of both the organisations were also present.

January 19, 2023
ইডকল ও ব্র্যাক ইউনিভার্সিটির মধ্যে ঋণ সহায়তা চুক্তি

ইনফ্রাস্ট্রাকচার ডেভেলপমেন্ট কোম্পানি লিমিটেড (ইডকল ব্র্যাক ইউনিভার্সিটির মধ্যে একটি চুক্তি স্বাক্ষরিত হয়েছে। গতকাল রাজধানীর মহাখালীতে অবস্থিত ব্র্যাক সেন্টারে দীর্ঘমেয়াদি ঋণসহায়তা বিষয়ক  চুক্তি স্বাক্ষরিত হয়। ইডকলের নির্বাহী পরিচালক  সিইও আলমগীর মোর্শেদ এবং ব্র্যাক ইউনিভার্সিটির বোর্ড অব ট্রাস্টিজের চেয়ারম্যান তামারা হাসান আবেদ চুক্তিতে স্বাক্ষর করেন। চুক্তির আওতায় ইডকল ব্র্যাক ইউনিভার্সিটিকে বাড্ডায় নতুন ক্যাম্পাস নির্মাণে ৪৫০ কোটি টাকা ঋণ দেবে।

January 19, 2023
BRAC University, IDCOL sign term loan facility

A signing ceremony of a long-term loan facility was held between Infrastructure Development Company Limited (IDCOL) and BRAC University at the BRAC Centre in Dhaka on Wednesday.

Under this facility, BRAC University will avail long-term financing of up to Tk 4.5 billion from IDCOL for the construction of its new campus located at Badda in Dhaka.

Alamgir Morshed, Executive Director & CEO, IDCOL, and Tamara Hasan Abed, Chairperson, Board of Trustees, BRAC University, signed an agreement to this end.

Nazmul Haque, Chief Investment Officer, IDCOL; Mohammed Zahidul Haque, Sr. Vice President & Unit Head (Industrial & Energy Efficiency Finance); Ariful Islam, Chief Financial Officer, BRAC University; and Prof. Mahboob Rahman, Treasurer, BRAC University; were present on the occasion.

January 19, 2023
Brac University gets Tk 450cr loan from Idcol

Brac University signed an agreement with Infrastructure Development Company Limited (Idcol) yesterday for a term loan facility.

Alamgir Morshed, executive director of Idcol, and Tamara Hasan Abed, chairperson of the Board of Trustees of Brac University, inked the deal, said a press release.

 

Under the facility, the university will avail Tk 450 crore for the construction of its new campus in the capital's Badda.

Nazmul Haque, chief investment officer of Idcol, Mohammed Zahidul Haque, senior vice-president, and Ariful Islam, chief financial officer of the university, and Prof Mahboob Rahman, treasurer, were present.

January 19, 2023
IDCOL & BRAC UNIVERSITY SIGNED TERM LOAN FACILITY OF BDT 450 CRORE

Dhaka Jan 18, 2023 (PR) - Infrastructure Development Company Limited (IDCOL) and BRAC University has sing term loan facility agreement today at BRAC Center. Under this Facility, BRAC University will avail long-term financing of up to BDT 450 crore from IDCOL for construction of its new campus located at Badda, Dhaka.

Mr. Alamgir Morshed, Executive Director & CEO, IDCOL and Ms. Tamara Hasan Abed, Chairperson, Board of Trustees, BRAC University, signed on behalf of their respective organizations. Mr. Nazmul Haque, Chief Investment Officer, IDCOL, Mr. Mohammed Zahidul Haque, Sr. Vice President & Unit Head (Industrial & Energy Efficiency Finance), Mr. Ariful Islam, Chief Financial Officer, BRAC University, Prof. Mahboob Rahman, Treasurer, BRAC University, amongst others, were present in the occasion.

January 7, 2023
IDCOL SIGNS PARTICIPATION AGREEMENT WITH BANGLADESH BANK FOR UTILIZING REFINANCE SCHEME FOR GREEN PRODUCTS/PROJECTS/INITIATIVES TO THE TUNE OF BDT 400 CRORE
January 7, 2023
IDCOL SIGNS AGREEMENT WITH CENTRAL BANK: IDCOL has signed a participation agreement with Bangladesh

IDCOL SIGNS AGREEMENT WITH CENTRAL BANK: IDCOL has signed a participation agreement with Bangladesh Bank for utilising the 'Refinance Scheme for Green Products/Projects/Initiatives' to the tune of Tk 4.0 billion. Under this fund, refinance facility will be extended to its clients for adopting various environment-friendly and renewable energy and related initiatives. Executive Director & CEO of IDCOL Alamgir Morshed was present at the signing ceremony held in Bangladesh Bank on January 5.

January 7, 2023
IDCOL sign agreement with BB for utilising Refinance Scheme for Green Products/ Projects/Initiatives

Infrastructure Development Company (IDCOL) has signed a participation agreement with the Bangladesh Bank for utilising "Refinance Scheme for Green Products/Projects/Initiatives" to the tune of Tk400 crore.

IDCOL Executive Director & CEO Alamgir Morshed; Chief Investment Officer Nazmul Haque; Chief Risk Officer Mohammed Jabed Emran and the Industrial & Energy Efficiency Finance (IEEF) team of IDCOL, participated in the signing ceremony held at the central bank on 5 January. 

Under this fund, the facility will be extended favoring IDCOL's clients to adopt various environment-friendly, renewable energy and related initiatives as per Bangladesh Bank SFD Circular No: 04 dated 24 July 2022.

January 7, 2023
ইডকলের সঙ্গে বাংলাদেশ ব্যাংকের চুক্তি

পরিবেশবান্ধব পণ্য/উদ্যোগ/প্রকল্পের জন্য পুনঃঅর্থায়ন স্কিম নামের ৪০০ কোটি টাকার তহবিল ব্যবহারে বাংলাদেশ ব্যাংকের সঙ্গে চুক্তি স্বাক্ষর করেছে ইনফ্রাস্ট্রাকচার ডেভেলপমেন্ট কোম্পানি লিমিটেড (ইডকল) চুক্তি স্বাক্ষর অনুষ্ঠানে উপস্থিত ছিলেন ইডকলের নির্বাহী পরিচালক  সিইও আলমগীর মোর্শেদচিফ ইনভেস্টমেন্ট অফিসার নাজমুল হকচিফ রিস্ক অফিসার মোজাবেদ ইমরান প্রমুখ। বিজ্ঞপ্তি