📋 Tender Overview
Project Number
49271
Company Name
Infrastructure Development Company Limited
Date SPI Disclosed
Mar 19, 2025
Country
Bangladesh
Region
South Asia
Projected Board Date
Apr 18, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
CN4S2 - Regional Industry - INF Asia & Pac/INF Bangladesh, Sri Lanka, Nepal
Industry
Financial Institutions
Sector
Development Finance Company
Project Description
The proposed IFC investment is an unfunded Risk Sharing Facility (RSF or Facility) for a portfolio of loans that will be originated by the Infrastructure Development Company Limited (IDCOL), a state-owned non-banking financial institution (NBFI), to finance rooftop solar projects undertaken by the commercial and industrial (C&I) users in Bangladesh (the Portfolio). The Portfolio will have a maximum total amount of US$150 million in equivalent Bangladesh Taka (BDT) and is expected to support deployment of up to 300 megawatts (MW) solar rooftop generation capacity. The RSF is expected to have a facility life of up to 13 years inclusive of a ramp-up period of up to 36 months, with the tenor of each underlying loan being up to 10 years. IFC will share 50% of the risk of the Portfolio and will have a risk exposure of up to US$75 million in equivalent BDT (the Project).
