IDCOL to finance TMSS rooftop solar project


The Infrastructure Development Company Limited (IDCOL) signed a facility agreement with Thengamara Mohila Sabuj Sangha (TMSS) to finance first Rooftop Solar Project in Bogura at TMSS cold storage & TMSS Public School & College, a statement said. The agreement was signed on Wednesday with accumulative capacity of 484.44kWp. Electricity produced from this project will not only reduce electricity bills of TMSS but also reduce the diesel consumption during load shedding.

In addition, the project owners can export unutilised electricity generated from the project to national grid through Net Metering Guideline 2018. S. M. Monirul Islam, Deputy CEO & CFO, IDCOL and Prof. Dr. Hosne Ara Begum, Founder & Executive EC Member, Thengamara Mohila Sabuj Sangha (TMSS) signed the agreement on behalf of their respective organizations.

Currently, the unit cost of electricity from rooftop solar falls below Tk 8.00 and this makes the investment very lucrative. The project will be implemented with a total project cost of Tk 33.9 million.  Under this facility agreement, IDCOL will provide concessional loan of Tk 27.1 million. IDCOL plans to finance 300 MW of electricity from solar rooftop by 2022.

Md. Enamul Karim Pavel, Head of Renewable Energy, IDCOL, Mohammed Jabed Emran, Chief Risk Officer, IDCOL, Farzana Rahman, Executive Vice President, IDCOL, and other officials of both the organizations were present in the signing ceremony.