Financing Agreement Signed for the Largest Rice Husk-based Power Generation (400 KW) and Silica Production Plant Project

   A financing agreement has been signed between Infrastructure Development Company Ltd. (IDCOL) and Sustainable Energy & Agro-resource Limited (SEAL) for setting up of a 400-KW rice husk gasification-based power generation and silica production plant project. Mr. Islam Sharif, Executive Director and CEO, IDCOL and Mr. Abul Fazal, Managing Director, SEAL signed the agreement on behalf of their respective organizations.
So far, this is the largest rice husk gasification based power generation project in Bangladesh. A unique feature of the project is that it will not emit any carbon-di-oxide (CO2) to the atmosphere. CO2 produced from gasification process will be used in the precipitated silica plant. Once completed, its annual silica production capacity is expected to be 918 tonnes. Generated electricity will be supplied to the silica production plant and a nearby poultry hatchery, thirty irrigation pumps, a cold storage and/or few rice mills in the area. ...

Created at: 2010-05-12 11:01:59                                                  Created By: mahfuz



IDCOL has approved an amount of BDT 100 million to finance Central Effluent Treatment Plant at Chittagong

   IDCOL played the role of arranger in the Central effluent treatment plant at Chittagong Export Processing Zone (CEPZ). To minimize the ongoing environmental hazards created by the industries, ensure efficient land utilization and reduce capital as well as operating costs of individual industries, IDCOL has decided to participate in the initiatives taken by BEPZA. The project cost is BDT 256 million and has the capacity to treat 15000 m³ of effluent per day, which can be increased up to 45000 m³ per day . Under the Term Loan facility IDCOL has approved an amount of BDT 100 million to finance the project. ...

Created at: 2010-05-12 10:31:08                                                  Created By: mahfuz



IDCOL has invested BDT 1,000 million in issuance of bonds by Orascom Telecom Bangladesh Limited (OTBL)

   IDCOL has invested BDT 1,000 million in issuance of senior, secured and coupon bearing bonds by Orascom Telecom Bangladesh Limited (OTBL) with an aggregate value of up to 4,250 million on a private placement basis to the potential domestic institutional investors in Bangladesh for terms up to 4 and a half years. OTBL expects to expand and upgrade its network coverage and telecommunication services continually and has a plan of capital investments of BDT 52,992 million over next three years. As part of its 2009-10 capital expenditure plan, OTBL targeted to issue the bonds to raise the required fund to support its network expansion. ...

Created at: 2010-05-12 10:29:42                                                  Created By: mahfuz



IDCOL has financed BDT 300 million to Banglalion Communications Limited (BCL)

   IDCOL has financed BDT 300 million to Banglalion Communications Limited (BCL) under the syndicated term loan facility of BDT 2,010 million for setting up and operating of a wireless broadband network to provide nationwide Broadband Wireless Access (BWA). BCL is one of the two BWA Services License holders allowing it to introduce the Worldwide Interoperability for Microwave Access (WiMAX) telecommunications technology in Bangladesh. AB Bank Limited, the lead arranger of the proposed syndicated debt facility, has already approved BDT 350 million term loan for the Project. Other participants of this syndication are Mercantile Bank Limited, United Commercial Bank Limited, Standard Bank Limited,Bangladesh Commerce Bank Limited, Agrani Bank Limited, Janata Bank Limited, Sonali Bank Limited, Bank Asia Limited, IFIC Bank Limited, Social Islami Bank Ltd and SABINCO. ...

Created at: 2010-05-12 10:28:00                                                  Created By: mahfuz



IDCOL has signed a loan agreement with Fiber@Home Limited

   IDCOL has signed a loan agreement with Fiber@Home Limited for setting up and operating of a Nationwide Telecommunication Transmission Network (NTTN) using fiber optic technology. The Project is expected to provide dedicated voice and data connectivity to the ANS operators, Internet Service Providers (ISPs) and other authorized users across the country. IDCOL has approved an amount BDT 200 million under the syndicated term loan facility. AB Bank Limited, the lead arranger of the proposed syndicated debt facility. Other participants are SABINCO, Shahjalal Islami Bank Limited United Commercial Bank Limited and IDLC. ...

Created at: 2010-05-12 10:26:22                                                  Created By: mahfuz



IDCOL has signed loan agreement for setting up four gas-based power plants by two subsidiaries of Summit Power Limited (SPL)

   IDCOL has signed loan agreement for setting up four gas-based power plants by two subsidiaries of Summit Power Limited (SPL) with capacities of 33 MW each at Jangalia in Comilla, Rupgonj in Narayangonj, Maona in Gazipur and 11 MW at Ullapara, Sirajgonj. Under the wing of SPL, Summit Purbanchol Power Company Limited (SPPCL) will operate the power plants at Jangalia and Rupgonj and Summit Uttaranchol Power Company Limited (SUPCL) will operate plants located at Maona and Ullapara on Build-Own-Operate (BOO) basis. IDCOL will finance BDT 600 million under the syndication facility of BDT 3,955 million. IIDFC acted as an arranger for this project. Other participants were Bank Asia,NCC Bank Limited, Pubali Bank Limited, United Commercial Bank Limited, Mercantile Bank Limited, BIFC, SABINCO and Uttara Finance Limited. The power plants are expected to sell electricity to Bangladesh Power Development Board (BPDB) and Rural electrification Board (REB). ...

Created at: 2010-05-02 12:34:46                                                  Created By: mahfuz



IDCOL has financed BDT 500 million for setting up a rental power plant by Barakatullah Electro Dynamics Limited (BEDL)

   IDCOL played the role of lead arranger to raise BDT 1,250 million as term loan facility for setting up a rental power plant by Barakatullah Electro Dynamics Limited (BEDL) with a capacity of 51 MW at Fenchuganj, Sylhet. IDCOL has financed BDT 500 million under the syndication facility. The generated electricity of the project will be sold to Bangladesh Power Development Board (BPDB)....

Created at: 2010-05-02 12:32:54                                                  Created By: mahfuz



IDCOL has invested BDT 500 million in issuance of bonds by Grameen Phone Limited

   IDCOL has invested BDT 500 million in issuance of unsecured, non convertible and coupon bearing bonds in two tranches by Grameen Phone Limited with an aggregate value of up to 4,125 million on a private placement basis to the potential domestic institutional investors in Bangladesh for terms up to 2 years. The purpose of the issuance is to paying off some of the existing short-term debts of GPL and expansion of its network....

Created at: 2010-05-02 12:28:02                                                  Created By: mahfuz



IDCOL has invested BDT 1,000 million in issuance of bonds by Orascom Telecom Bangladesh Limited (OTBL)

   IDCOL has invested BDT 1,000 million in issuance of senior, secured and coupon bearing bonds by Orascom Telecom Bangladesh Limited (OTBL) with an aggregate value of up to 4,250 million on a private placement basis to the potential domestic institutional investors in Bangladesh for terms up to 4 and a half years. OTBL expects to expand and upgrade its network coverage and telecommunication services continually and has a plan of capital investments of BDT 52,992 million over next three years. As part of its 2009-10 capital expenditure plan, OTBL targeted to issue the bonds to raise the required fund to support its network expansion....

Created at: 2010-05-02 12:23:42                                                  Created By: mahfuz



IDCOL has approved an amount of BDT 100 million to finance Central Effluent Treatment Plant at Chittagong

   IDCOL played the role of arranger in the Central effluent treatment plant at Chittagong Export Processing Zone (CEPZ). To minimize the ongoing environmental hazards created by the industries, ensure efficient land utilization and reduce capital as well as operating costs of individual industries, IDCOL has decided to participate in the initiatives taken by BEPZA. The project cost is BDT 256 million and has the capacity to treat 15000 m³ of effluent per day, which can be increased up to 45000 m³ per day . Under the Term Loan facility IDCOL has approved an amount of BDT 100 million to finance the project....

Created at: 2010-05-02 12:20:30                                                  Created By: mahfuz





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