A term loan facility agreement for Tk 694 million was signed between Sympa Solar Power Limited (SSPL) and state-owned financial institution Infrastructure Development Company Limited (IDCOL) at IDCOL head office in the capital.
Under the deal, Sympa Solar will set up an 8 MW (AC) Utility Scale Solar Power Plant at Tetulia in Panchagarh, said a press release.
SSPL is a joint venture company between Paragon Group and Symbior Solar Siam Ltd. SSPL has signed a Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) to sell generated electricity from the project for a term of 20 years to BPDB.