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Rancon gets Tk5.79cr from IDCOL for solar project

TBP Desk
23 Jan 2023 00:00:00 | Update: 23 Jan 2023 00:01:37
Rancon gets Tk5.79cr from IDCOL for solar project
Officials of IDCOL and Rancon Infrastructures exchange documents after signing a loan facility agreement recently

Infrastructure Development Company Ltd (IDCOL) recently signed a long-term loan facility agreement of Tk 5.79 crore with Rancon Infrastructures & Engineering Ltd (RIEL) to finance the latter‘s second rooftop solar project.

Under the Project, RIEL will install 1.0 MWp solar PV system on the factory rooftops of Rancon Electronics Ltd (REL) and Rancon Auto Industries Ltd (RAIL) located at Boro Bhabanipur, Kashimpur, Gazipur, reads a press statement.

Alamgir Morshed, executive director and CEO, IDCOL and Mashid Rahman Abir, managing director of Rancon Infrastructures & Engineering Ltd signed the agreement on behalf of their respective organisations.

“Rancon Group is doing a fantastic job of contributing to the economy of Bangladesh. Their rooftop solar projects will encourage others to focus on green energy sources,“ Alamgir said on the occasion.

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