IDCOL to finance rooftop solar project in Bogura

The Infrastructure Development Company Limited (IDCOL) signed a facility agreement with Thengamara Mohila Sabuj Sangha (TMSS) on Wednesday to finance first rooftop solar project in Bogura at TMSS cold storage and TMSS Public School & College with acumulative capacity of 484.44kWp, says a statement.

Electricity produced from this project will not only reduce electricity bills of TMSS but also reduce the diesel consumption during load shedding.

In addition, the project owners can export unutilised electricity generated from the project to national grid through Net Metering Guideline 2018.

Currently, the unit cost of electricity from rooftop solar falls below Tk 8.00 and this makes the investment very lucrative.

The project will be implemented with a total project cost of Tk 33.9 million. Under this facility agreement, IDCOL will provide concessional loan of Tk 27.1 million. IDCOL plans to finance 300 MW of electricity from solar rooftop by 2022.

SM Monirul Islam, Deputy CEO & CFO, IDCOL, and Prof. Dr. Hosne Ara Begum, Founder & Executive EC Member, TMSS, signed the agreement.

Md Enamul Karim Pavel, Head of Renewable Energy, IDCOL, Jabed Emran, Chief Risk Officer, IDCOL, and other officials of both the organisations were present.