15th October 2018

A term loan facility agreement for BDT 694 million was signed between Sympa Solar Power Limited (SSPL) and state-owned financial institution Infrastructure Development Company Limited (IDCOL) on 15October 2018 at IDCOL head office to set up an8 MW (AC) Utility Scale Solar Power Plantat Tetulia, Panchagar. 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. The tariff of the Project will be USD 0.13 per kWh. IDCOL is providing the required financing as Term Loan for a term of 15 years at 7% interest rate with 2 years of grace period.

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