Company History
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2022
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26-DEC
Signing of loan agreement for USD 278.29 million with the Asian Development Bank (ADB) under Public Private Infrastructure Development Facility (PPIDF) 3 Tranche 2 credit line
23-DEC
Signing of loan Agreement for EUR 40 million and grant agreement for EUR 1 million with German Development Bank, Kreditanstalt für Wiederaufbau (KfW) for financing and promoting energy efficiency in the industry.
20-JUL
Signing of Funded Activity Agreement (FAA) with GCF for USD 256.5 million concessional financing to promote energy efficiency in textile and RMG sectors of Bangladesh
1-JUN
Signing of contract with Ministry of Energy, Government of Malawi for “Consultancy Services for the Fund Manager for Off-Grid Market Development Fund”
14-MAY
Celebration of silver Jubilee
26-APR
Signing of loan agreement for USD 200 million with Asian Infrastructure Investment Bank (AIIB) for financing infrastructure projects in Bangladesh
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2021
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25 FEB
IDCOL signed participation agreement with Bangladesh Bank for utilizing ‘Technology Development/Upgradation Fund’ of BDT 1,000 crore for Export Oriented Industrial sectors.
18 FEB
IDCOL in consortium with Ricardo-AEA Limited, UK received funding from UK Government under its UK PACT Green Recovery Challenge Fund for identifying scalable business models and a financing ecosystem for businesses with an aim for Electric Vehicle uptake in Bangladesh
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2020
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15 JUN
Signing of IDCOL’s first credit facility with the Agence Française de Développement (AFD), France for EUR 100 million to finance energy efficient, renewable energy and environment friendly projects
10 NOV
IDCOL, as the Direct Access Entity (DAE) of Green Climate Fund (GCF), received approval for the first concessional GCF credit line for Bangladesh titled, “Promoting private sector investment through large scale adoption of energy saving technologies and equipment for Textile and RMG sectors of Bangladesh”.
15 NOV
Appointed by the Climate Vulnerable Forum for analyzing the Power Sector under the “Mujib Climate Prosperity Plan” of Bangladesh
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2019
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30 MAR
Installation of 50,000 biogas plants under IDCOL Biogas & Bio-fertilizer Program
07 JUL
IDCOL received GCF approval for upgradation its accreditation for Grant instrument under which it will be able to channel grant component in climate change program/project for an amount up to USD 250 million
09 NOV
Inauguration of first ever gird integration of solar irrigation pump
31 DEC
Became the Highest Fund Arranger (USD 190 m) in Bangladesh for private sector projects
31 DEC
Installation of 2 million ICS under IDCOL ICS Program
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2018
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22 FEB
Financing it’s 1st Solar Rooftop Project with a target of financing 300 MWp Solar Rooftop Projects by 2025
15 Oct
Financing it’s 1st Utility Scale Power Project with 8 MW (AC) capacity
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2005
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22 SEP
Commencement of operation as a full-fledged financial institution with first on-balance sheet loan to a 11.6 MW captive power plant
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2003
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01 JAN
Commencement of the Solar Home System (SHS) Program.
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2001
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11 APR
Financing of the first Project- a 450 MW Independent Power Plant (IPP) by Meghnaghat Power Ltd.
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1998
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05 JAN
Licensing from Bangladesh Bank as NBFI.
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1997
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14 MAY
Incorporation of the Company.
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15 MAY
Demo Text.
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