📋 Tender Overview
Project Number
51384
Company Name
Infrastructure Development Company Limited
Date SPI Disclosed
May 12, 2025
Country
Bangladesh
Region
South Asia
Projected Board Date
May 30, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry - INF Asia & Pac
Industry
Financial Institutions
Sector
Development Finance Company
Additional Project Attributes
Blended Finance
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 or the Originator), 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).
