IDCOL wins Asian Power Award for Sirajganj solar project
Infrastructure Development Company Limited (IDCOL) has been named the winner of the 'Solar Power Project of the Year – Bangladesh' at the Asian Power Awards 2025, which recognised regional energy leaders at an awards ceremony held on 23 October 2025 in Kuala Lumpur, Malaysia.
The recognition highlights IDCOL's contribution in co-financing the 68 MW (AC) Sirajganj Solar Power Project, developed by Bangladesh-China Renewable Energy Company Limited (BCREL). Under a 20-year power purchase agreement (PPA) with the Bangladesh Power Development Board (BPDB), the project supplies renewable energy to the national grid. IDCOL's financing commitment amounts to US$55 million through a syndicated arrangement.
The Sirajganj plant has been designed for climate resilience, featuring elevated substation and operational zones (16 metres above mean sea level), protective embankments, and durable pile structures. The project is expected to offset approximately 73,835 tonnes of CO₂ emissions annually.
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Constructed on 214 acres of previously barren land, the plant adheres to the World Bank Environmental and Social Standards (ESS), AIIB Environmental and Social Framework (ESF), and IDCOL Environmental and Social Safeguards Framework (ESSF). The developer conducted stakeholder consultations, provided fair compensation for transmission-line impacts, and implemented a 3:1 compensatory tree-planting programme.
The project created between 200 and 400 construction jobs and around 50 permanent positions.
Alamgir Morshed, Executive Director and CEO of IDCOL, said:"This award is a testament to our partners and clients who are accelerating Bangladesh's energy transition. Financing the Sirajganj project demonstrates how robust structuring and high environmental and social standards can deliver affordable, reliable clean power to the grid while enhancing climate resilience."
