Infrastructure Development Company Limited (IDCOL) signed a long-term loan facility agreement of Tk 5.79 crore with Rancon Infrastructures and Engineering Limited (RIEL) to finance their second rooftop solar project.
Under the project, RIEL will install 1.0 MWp solar PV system on the factory rooftops of Rancon Electronics Limited (REL) and Rancon Auto Industries Limited (RAIL) located at Kashimpur in Gazipur, said a press release.
Alamgir Morshed, Executive Director and CEO, IDCOL and Mashid Rahman Abir, Managing Director of Rancon Infrastructures and Engineering Limited signed the agreement on behalf of their respective organisations recently.
SM Monirul Islam, Deputy CEO and CFO, IDCOL, Md Enamul Karim Pavel, Head of Renewable Energy, IDCOL, Mashid Rahman Abir, Managing Director, Rancon Infrastructures and Engineering Limited, and other officials of both the organisations were also present.