IDCOL & KPCL Signed Deal

Infrastructure Development Company Limited (IDCOL), a government owned development financial institution involved in private sector energy and infrastructure financing in Bangladesh, has signed a mandate letter with MAX Group to raise $95 million term loan facility for establishment of 163MW Gas based Combined Cycle IPP at Fenchuganj, Sylhet by Kushiara Power Company Limited (KPCL), a concern of MAX Group. Total project cost is estimated to be $139 million with brand new Gas Turbine, Steam Turbine and HRSG, total power train from GE Energy. Max Infrastructure Limited is the turnkey EPC solution provider for KPCL. The said plant will be established on BOO basis under 22 years Power Purchase Agreement with Bangladesh Power Development Board (BPDB).