Business Desk :
The closing ceremony of a syndicated term loan of raising $50 million and BDT 3,900 million for Kushiara Power Company Limited of Max Group was held in the city.on Thursday.
IDCOL is the lead arranger for this syndicated financing facility. Financiers to this transaction include IDCOL,Pubali Bank Limited and NCC Bank Limited. Dr. Tawfiq-e-Elahi Chowdhury, Energy Adviser to Prime Minister was chief guest of the ceremony while Mr. ManmohanParkash, Country Director – Bangladesh Resident Mission, Asian Development Bank, was special guest.
Kushiara Power Company Limited, a concern of Max Group, is a 163 MW natural gas fired combined cycle power plant located at Fenchuganj, Sylhet. Engr. Ghulam Mohammed Alomgir, Chairman, Mahmud Us Samad Chowdhury, MP, Nizam Chowdhury and Mohammed Zulkernine, directors of Kushiara Power Company Limited; Mahmood Malik, Executive Director & CEO, IDCOL; M.A. Halim Chowdhury, Managing Director & CEO, Pubali Bank Limited; Mosleh Uddin Ahmed, Managing Director & CEO, NCC Bank Limited; senior officials from other banks & FIs, government agencies and development partners were also present in the occasion.
IDCOL, the largest energy and infrastructure financier of the country, has already financed power projects supplying more than 2,000 MW to the national grid. IDCOL looks forward to investing additional USD 1 billion by 2021 for development of priority infrastructure projects in Bangladesh.
The closing ceremony of a syndicated term loan of raising $50 million and BDT 3,900 million for Kushiara Power Company Limited of Max Group was held in the city.on Thursday.
IDCOL is the lead arranger for this syndicated financing facility. Financiers to this transaction include IDCOL,Pubali Bank Limited and NCC Bank Limited. Dr. Tawfiq-e-Elahi Chowdhury, Energy Adviser to Prime Minister was chief guest of the ceremony while Mr. ManmohanParkash, Country Director – Bangladesh Resident Mission, Asian Development Bank, was special guest.
Kushiara Power Company Limited, a concern of Max Group, is a 163 MW natural gas fired combined cycle power plant located at Fenchuganj, Sylhet. Engr. Ghulam Mohammed Alomgir, Chairman, Mahmud Us Samad Chowdhury, MP, Nizam Chowdhury and Mohammed Zulkernine, directors of Kushiara Power Company Limited; Mahmood Malik, Executive Director & CEO, IDCOL; M.A. Halim Chowdhury, Managing Director & CEO, Pubali Bank Limited; Mosleh Uddin Ahmed, Managing Director & CEO, NCC Bank Limited; senior officials from other banks & FIs, government agencies and development partners were also present in the occasion.
IDCOL, the largest energy and infrastructure financier of the country, has already financed power projects supplying more than 2,000 MW to the national grid. IDCOL looks forward to investing additional USD 1 billion by 2021 for development of priority infrastructure projects in Bangladesh.
