IDCOL invests $2b in 25 years | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 11, 2025
IDCOL invests $2b in 25 years

Infrastructure

TBS Report
13 May, 2022, 10:30 pm
Last modified: 14 May, 2022, 12:22 pm

Related News

  • IDCOL organises training on prevention of money laundering, combating financing of terrorism
  • IDCOL wins IJGlobal APAC Awards and Finance Asia Achievement Awards 2023
  • Why cost-effective solar irrigation not gaining pace
  • Contract signed for construction of environment friendly IDCOL Green Tower
  • IDCOL signs with ERA Infotech for cutting-edge core banking solution

IDCOL invests $2b in 25 years

In addition to energy sector, IDCOL has also invested in infrastructure, telecom, ICT, port, and cement sectors

TBS Report
13 May, 2022, 10:30 pm
Last modified: 14 May, 2022, 12:22 pm
IDCOL invests $2b in 25 years

The Infrastructure Development Company Limited (IDCOL) has invested around $2 billion in renewable power, port, energy and infrastructure sectors through public-private partnership in last 25 years.

In line with this record, the non-banking financial institute, wants to play an active role in achieving the government's Vision-2041 goal and the renewable energy target in the total energy mix, said IDCOL Chief Executive Officer Alamgir Morshed while addressing a function marking the silver jubilee of the organisation at Le Meridien hotel in the capital on Friday.

The organisation started journey in 1997 to inspire private entities in infrastructural development focusing on renewable energy, but the agency is now financing various sectors.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"We started with only Tk1 lakh paid-up capital which now stands at Tk636 crore within a span of 25 years' time. The IDCOL is not only supporting the energy sector but also expanding investment in infrastructure, telecom, ICT, port, cement and other development projects," he said.

He also said that the NBF have financed different power generation projects in private sector with 4,000 megawatt capacity.

Along with contributing in the green energy, the IDCOL also secured many global awards including green climate fund award.

Fatima Yasmin, chairman of IDCOL and secretary of Economic Relations Division, chaired the silver Jubilee celebration.  

At the event, she said that the participation of the private sector is essential for the sustainable development of Bangladesh.  "IDCOL would be able to double its asset portfolio in the next five years and expand its activities beyond the country."

The programme was attended by Md Tofazzal Hossain Mia, senior secretary to the Prime Minister's Office, Md Habibur Rahman, secretary to Power Division and representatives of various corporate houses.

On behalf of the stakeholders and beneficiaries, BSRM Group Chairman Ali Hossain Akbar Ali and Paragon Group's Moshiur Rahman shared their experiences working with IDCOL.

Ali Hossain Akbar Ali said that IDCOL has been one of the best partner of BSRM's journey to reach its today's position. "The IDCOL has always been positive and cooperative in financing BSRM. In 2017, it provided TK300 crore loan to BSRM and recently Tk500 crore," he said.

Among others, Orion Group MD Salman Obaidul Karim, Basundhara Group MD Sayem Sobhan Anvir, Confidence Group Dorector Imran Karim, Senior Secretary to Finance Division Abdur Rouf Talukder, former president of Metropolitan Chamber of Commerce and Industry Barrister Nihad Kabir and IDCOL Board directors also attended the event.

 

 

Top News / Energy

Infrastructure Development Company Limited (IDCOL)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bangladesh's growth forecast unchanged: WB report
    Bangladesh's growth forecast unchanged: WB report
  • Faiz Ahmad Tayeb. Photo: BSS
    Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb
  • Swedish activist Greta Thunberg, who departed Israel by plane on Tuesday after being detained aboard the Gaza-bound British-flagged yacht "Madleen" after Israeli forces boarded the charity vessel as it attempted to reach the Gaza Strip in defiance of an Israeli naval blockade, talks to journalists surrounded by French police as she arrives at a terminal at the Paris-Charles de Gaulle Airport, in Roissy-en-France near Paris, France, June 10, 2025. REUTERS/Gonzalo Fuentes
    Greta Thunberg says she was kidnapped by Israel in international waters

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar
    Dhaka: The city we never want to return to, but always do
  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • File Photo: Collected
    Enhanced surveillance at Ctg airport amid rising global Covid-19 cases
  • Inside the aid ship stormed by Israeli forces on 9 June 2025. Photo: BBC
    Israeli forces stormed aid boat carrying Greta Thunberg bound for Gaza: Freedom Flotilla Coalition
  • Photos: Collected
    Abdul Hamid wasn't arrested because he's not wanted right now: Home adviser

Related News

  • IDCOL organises training on prevention of money laundering, combating financing of terrorism
  • IDCOL wins IJGlobal APAC Awards and Finance Asia Achievement Awards 2023
  • Why cost-effective solar irrigation not gaining pace
  • Contract signed for construction of environment friendly IDCOL Green Tower
  • IDCOL signs with ERA Infotech for cutting-edge core banking solution

Features

Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

7h | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

1d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

3d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

6d | Panorama

More Videos from TBS

Greta Thunberg deported from Israel

Greta Thunberg deported from Israel

9h | TBS World
BNP is not a revolutionary party: Mirza Fakhrul

BNP is not a revolutionary party: Mirza Fakhrul

10h | TBS Today
News of The Day, 10 JUNE 2025

News of The Day, 10 JUNE 2025

8h | TBS News of the day
Trump sends 2,000 more National Guard and 700 Marines to Los Angeles

Trump sends 2,000 more National Guard and 700 Marines to Los Angeles

11h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net