19th October 2017

Dhaka, Oct 19, 2017 (PR) - Infrastructure Development Company Limited (IDCOL) has been mandated for raising fund up to USD 35 million and BDT 2,800 million for a 110 MW HFO fired IPP project at Shikalbaha, Chittagong by Karnaphuli Power Limited (KPL), a concern of Baraka Group.

Mahmood Malik, Executive Director & CEO and Nazmul Haque, Director (Investment) & Head of Advisory from IDCOL; Faisal Ahmed Chowdhury, Chairman, KPL Gulam Rabbani Chowdhury, Managing Director from KPL signed the term sheet on behalf of their respective organization at IDCOL Head Office, Dhaka. S. M. Monirul Islam, Deputy CEO & CFO of IDCOL a along with other high officials of the organizations were also present on the occasion.


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