Financing 28.97 million USD to a new 55 MW power project at Manikganj by IPFF (BB)

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Investment Promotion and Financing Facility (IPFF) Project of Bangladesh Bank, funded by International Development Association (IDA) of the World Bank and Government of Bangladesh, has extended a foreign currency term loan of USD 28.97 million equivalent to BDT 227.41 crore (approx.) to Dhaka Northern Power Generations Limited (DNPGL), a 55 MW power plant at Singair, Manikganj, on 30 December, 2015 through Trust Bank Limited (TBL).

Bangladesh Bank has been implementing the project on behalf of Finance Division, Ministry of Finance to finance PPP based infrastructure development projects since 2007. Apart from this power plant, IPFF has financed USD 232.37 million equivalent to BDT 1751.86 crore (approx.) in eleven power plants (contributing 534 MW to National Grid), one inland container depot, one IT infrastructure project and three water treatment plants till date through Participating Banks/Financial Institutions.

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