Infrastructure Development Company Limited (IDCOL) has received two prestigious accolades at The Asset Triple A Sustainable Infrastructure Awards 2026, reaffirming its leadership in financing sustainable infrastructure and renewable energy projects in Bangladesh.
At the awards ceremony held in Singapore on June 17, IDCOL was named “Project Finance House of the Year” by The Asset, one of Asia’s leading financial publications. The annual awards recognize outstanding banks, investors and development finance institutions for their contributions to sustainable infrastructure and project finance across the region.
IDCOL also won the “Renewable Energy Deal of the Year” award for its role in arranging a US$67 million syndicated financing for the 64.55 MW grid-connected solar power plant of Bangladesh-China Renewable Energy Company (Pvt.) Ltd. in Pabna.
The financing package was structured and led by IDCOL in partnership with BRAC Bank PLC, with IDCOL serving as the Facility Agent and Security Agent. The project was supported through blended financing from the Asian Infrastructure Investment Bank (AIIB), the World Bank and Germany’s KfW.
The solar power plant, developed by a joint venture between North-West Power Generation Company Limited and China National Machinery Import & Export Corporation, is currently supplying clean electricity to Bangladesh’s national grid under a 20-year power purchase agreement with the Bangladesh Power Development Board (BPDB).
Welcoming the recognition, IDCOL Managing Director Alamgir Morshed thanked The Asset for acknowledging the institution’s achievements and expressed gratitude to its development partners, lenders and stakeholders for their continued confidence and support.
He said the international recognition reflects IDCOL’s commitment to financing sustainable infrastructure and renewable energy projects that contribute to Bangladesh’s economic growth while strengthening environmental resilience and supporting the country’s clean energy transition.
The awards were received on behalf of IDCOL by Sazzad Hossain, Assistant Vice President of Advisory Services, during the ceremony in Singapore.
IDCOL has continued to expand its role in sustainable financing, leading several major syndicated transactions in 2025, including a US$100 million financing arrangement for RSGT Bangladesh Limited and a US$133 million green credit facility to improve energy efficiency in the textile sector.
The latest achievements build on IDCOL’s strong performance in 2024, when it secured three major honours at the same awards—Project Finance House of the Year, Renewable Energy Deal of the Year, and PPP Deal of the Year—underscoring its growing reputation as Bangladesh’s leading sustainable infrastructure financier.
