Infrastructure Development Company Limited (IDCOL) signed a Term Loan facility agreement with Rising Industries Ltd (RIL), a concern of Rising Group, to finance 3.10 MWp rooftop solar project at Nayadingi, Saturia, Manikgonj.
Infrastructure Development Company Ltd (IDCOL) will provide concessionary loan and technical support for implementing the project, said a press release.
A signing ceremony was arranged at IDCOL head office in Dhaka, where senior officials from both the organisations including Alamgir Morshed, Executive Director & CEO, IDCOL and Mahmud Hasan Khan, Managing Director, Rising Industries Ltd, were present.
The project equipment includes solar panels from Trina Solar and inverters from Huawei, China. The project is expected to generate 3.7 GWh of electricity every year.
Rising Industries Ltd. will consume almost the entire generation from the project and export any excess electricity to the national grid through Net-Metering arrangement.
