DHAKA, June 30, 2026 - Infrastructure Development Company Limited (IDCOL) has been named “Best Sustainable Bank in Bangladesh” at the prestigious FinanceAsia Awards 2026, marking the fourth consecutive year the state-owned infrastructure finance institution has received the regional accolade.
The award was presented at a gala ceremony held at the Conrad Hong Kong on June 25, where IDCOL Company Secretary M. Maftun Ahmed accepted the honour on behalf of the organization.
The FinanceAsia Awards are among the Asia-Pacific region’s most respected recognitions in the financial sector, honouring institutions that demonstrate excellence in sustainable finance, innovation and long-term impact. The latest recognition underscores IDCOL’s growing role in mobilizing investment for renewable energy, energy efficiency and climate-resilient infrastructure in Bangladesh.
Expressing his appreciation, Alamgir Morshed, Managing Director of IDCOL, said the award validates the institution’s commitment to promoting sustainable and climate-focused financing.
“Winning this award for the fourth consecutive year is a strong endorsement of our mission. It demonstrates that sustainability-linked finance can successfully support utility-scale renewable energy, industrial decarbonization and clean energy solutions for rural communities. We dedicate this recognition to our partners, stakeholders and employees, whose collective efforts continue to drive Bangladesh’s green transformation.”
Expanding Bangladesh’s Green Energy Portfolio
Over the past several years, IDCOL has emerged as the country’s leading green finance institution, supporting projects that contribute to Bangladesh’s transition toward a low-carbon economy.
Among its major achievements are:
• Financing more than 200 MWp of industrial rooftop solar projects, with a target of reaching 300 MW by the end of 2026.
• Arranging a USD 67 million syndicated financing facility for the 64.55 MW BCRECL Solar Power Plant in Pabna, one of Bangladesh’s landmark utility-scale solar projects.
• Securing a USD 133 million energy efficiency credit line for Bangladesh’s textile sector in partnership with the Green Climate Fund, aimed at reducing industrial carbon emissions.
• Installing 1,495 solar irrigation pumps benefiting nearly 70,000 farmers, with an ambitious target of deploying 10,000 systems by 2030 to promote climate-smart agriculture and reduce dependence on diesel-powered irrigation.
Growing International Recognition
The FinanceAsia honour caps an impressive year of international recognition for IDCOL.
Earlier this year, the institution received the Project Finance House of the Year award at The Asset Triple A Sustainable Infrastructure Finance Awards 2026. In addition, the financing arrangement for the Pabna BCRECL Solar Project was recognized as the Renewable Energy Deal of the Year, highlighting IDCOL’s expertise in structuring commercially viable and environmentally sustainable infrastructure projects.
Supporting Bangladesh’s Climate Commitments
As Bangladesh accelerates its clean energy transition and seeks to diversify its energy mix, IDCOL continues to play a pivotal role by mobilizing domestic and international climate finance. Through investments in renewable energy, energy efficiency and sustainable infrastructure, the institution is helping the country advance its climate commitments while supporting inclusive economic growth.
The latest FinanceAsia award further reinforces IDCOL’s reputation as Bangladesh’s premier sustainable finance institution and a leading catalyst for green investment in the region.
