Dhaka, Sunday, May 31, 2020 07:36 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
IDCOL extends financing to Textile Mills for Rooftop Solar Project

Infrastructure Development Company Limited (IDCOL) signed facility agreement with Fakhruddin Textile Mills Ltd. (FTML) a concern of Urmi Group on 23 February 2020, to finance Rooftop Solar Project with a capacity of 2037.75kWp.

Electricity to be produced from this project will not only reduce electricity bills of FTML but also reduce the diesel consumption during load shedding, said a press release.

In addition, FTML can export unutilized electricity to be generated from the project to national grid under the Net Metering Guideline 2018.

Currently the unit cost of electricity from rooftop solar is below Tk8, which makes the proposed investment very lucrative as the tariff is cheaper than the grid electricity tariff.

The project will be implemented with a total project cost of Tk 14.09 crore. Under this facility agreement, IDCOL will provide concessional loan of Tk 11.27 crore.

IDCOL plans to finance 300 MWp rooftop solar projects by 2022.

 Mahmood Malik, Executive Director& CEO, IDCOL and Asif Ashraf, Managing Director, Fakhruddin Textile Mills Ltd. (FTML) signed the agreement on behalf of their respective organizations.

 

 

Print PDF

   You may also like

Category: Others
DPDC inaugurates Bangabandhu Corner

Category: Others
FERB holds Energy Night 2020

Category: Others
Abdul Fattah made Petrobangla Chairman

Category: Others
Sayeed Ahmed made BPDB chairman

Category: Others
Greenhouse gas concentrations break records

Category: Others
IDCOL wins the financial innovation award 2019

Category: Others
Promoting new innovations in power and energy sector

Category: Others
IDCOL and IDLC to raise Tk 5025 million for Sirajganj Economic Zone

Category: Others
Indian entrepreneurs keen to invest in Bangladesh’s energy sector: Ganguly
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Others Stories
DPDC inaugurates Bangabandhu Corner
FERB holds Energy Night 2020
Abdul Fattah made Petrobangla Chairman
Sayeed Ahmed made BPDB chairman
Greenhouse gas concentrations break records
IDCOL wins the financial innovation award 2019
Promoting new innovations in power and energy sector
IDCOL and IDLC to raise Tk 5025 million for Sirajganj Economic Zone
Indian entrepreneurs keen to invest in Bangladesh’s energy sector: Ganguly
Chevron launches Road-Safety Awareness Program in Sylhet


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy