Business Desk :
City Bank recently arranged funds for setting up two HFO based Power Plants of Summit Group- the Summit Barisal Power Limited and the Summit Narayanganj Power Unit II Limited with capacities of 110 MW and 55 MW respectively.
Infrastructure Development Company Limited (IDCOL), Islamic Corporation for The Development of The Private Sector (ICD) and OPEC Fund for International Development (OFID) has provided debt funding for the projects. Under this arrangement, Summit Group has borrowed debt facilities worth a total of USD 77.64 Million from these Development Financial Institutions to implement the projects.
A Financial Closure Ceremony was organized in Singapore on the successful completion of the financing arrangement.
City Bank recently arranged funds for setting up two HFO based Power Plants of Summit Group- the Summit Barisal Power Limited and the Summit Narayanganj Power Unit II Limited with capacities of 110 MW and 55 MW respectively.
Infrastructure Development Company Limited (IDCOL), Islamic Corporation for The Development of The Private Sector (ICD) and OPEC Fund for International Development (OFID) has provided debt funding for the projects. Under this arrangement, Summit Group has borrowed debt facilities worth a total of USD 77.64 Million from these Development Financial Institutions to implement the projects.
A Financial Closure Ceremony was organized in Singapore on the successful completion of the financing arrangement.
