Infrastructure Development Company Limited (Idcol) signed an agreement with the Rancon Infrastructures & Engineering to provide a long-term loan worth Tk 5.79 crore to finance the latter's second rooftop solar project.
Under the project, the Rancon will install a 1-megawatt peak solar power system on the rooftops of the factory of Rancon Electronics and Rancon Auto Industries located at Boro Bhabanipur in Kashimpur of Gazipur.
Alamgir Morshed, executive director of Idcol, and Mashid Rahman Abir, managing director of the Rancon Infrastructures & Engineering, inked the deal at the former's head office in Dhaka recently, said a press release.
To promote rooftop solar projects, Idcol not only provides concessionary loan facilities but also technical assistance to its borrowers, said Morshed.
SM Monirul Islam, deputy chief executive officer of Idcol, and Md Enamul Karim Pavel, head of renewable energy, were present.
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