Infrastructure Development Company Limited (IDCOL) and Ricardo Energy & Environment (Ricardo) jointly organized a conference on unblocking solar IPP investments on 26 July, 2017 at Pan Pacific Sonargaon, Dhaka.
The program was organised 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 organisations participated in the captioned conference, said a press release from IDCOL.
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.
Among others Ashish Kulkarni, Principal Consultant of Ricardo Energy & Environment, Siddique Zobair, Member of Energy Efficiency of Sustainable and Renewable Energy Development Authority, Arvind Mayaram, Former Finance Secretary of Government of India, Mohammad Hossain, Director General of Power Cell under the Ministry of Power, Energy and Mineral Resources, Bangladesh, Mohammad Alauddin, Joint Secretary of Power Division under the Ministry of Power, Energy and Mineral Resources, Bangladesh, Shahriar Ahmed Chowdhury, Director of Centre for Energy Research of United International University, Munawar Misbah Moin, Managing Director of Rahimafrooz Renewable Energy Limited, S.M. Habibur Rahman, CFO of Maisha Group of Companies, Mohammad Arbaaz Nayeem, Business Area Manager for Overseas Projects of Ricardo Energy & Environment, Nazmul Haque, Director (Investment) & Head of Advisory of IDCOL, Bidyut Kumar Saha, Senior Financial Sector Specialist of Asian Development Bank, Ershad Hossain, Managing Director & CEO of City Bank Capital Resources Limited, Mesbah Uddin Ahmed, General Manager & Head of Corporate of IDLC Finance Limited, Mate Antosik, Principal Consultant of Ricardo Energy & Environment and Md. Maroof ur Rahman Mazumder, Executive Director and Head of Capital Markets of Standard Chartered Bank were present at the seminar.
“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 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, 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.