BP Business Desk
IPDC Finance Limited, has signed a Memorandum of Understanding (MoU) with FloWater Solutions Limited (FloWater), for financing and strategic support to sustainable energy projects at IPDC Finance head office in the capital on Tuesday.
Under this MOU, IPDC will work to explore the possibility for collaboration on the industrial rooftop solar PV platform company promoted by FloWater in the country also, to offer an OPEX or PPA model for creditworthy clients.
Mominul Islam, CEO of IPDC Finance Ltd and Mustafa Azim Kasem Khan, managing director of FloWater Solutions Ltd signed the agreement on behalf of their respective organizations. The signing ceremony was also attended by Rizwan Dawood Shams, DMD and head of business finance; Jumaratul Banna, head of local corporate; Abdul Mabud Tushar, head of supply chain finance and Sajjad Hossain Chowdhury, head of channel management along with other high officials of IPDC Finance. From FloWater Solutions Limited, Anna Maria Ladosz, co-founder and chairman and Ahamed Imtiaz, co-founder and director were present at the ceremony.
Mominul Islam, Managing Director and CEO of IPDC Finance Limited said, “IPDC patronizes this collaboration with industry innovators. Sustainable Finance is one area where this sort of collaboration is much needed for ensuring better implementation. We are glad to be in partnership with FloWater Solutions Ltd, because such associations are the driving force of the building a “Green Bangladesh”.
Mustafa Azim Kasem Khan, Managing Director of FloWater Solutions Limited said, “Bangladesh will become a leader in sustainability so FloWater must provide blended financial and technical solutions that are easy to adopt for industry owners. IPDC’s role as one of our domestic development partners will accelerate the deployment of environment friendly projects and encourage other financial institutions to partner with FloWater for sustainable financing”.
