A breakthrough greenfield power plant is the first
public-private partnership (PPP) in Bangladesh with a foreign
investor on board, setting the bar for future deals in the
The $412 million financing for the Sirajganj power plant is
provided by a diverse mix of lenders including the
International Finance Corporation, a Singaporean investment
firm and the UK government’s development finance
institution (DFI), among others.
Sirajganj is the first project to reach completion since the
government introduced the
new PPP act in 2015 to address the country’s
"There's now a track record
for foreign investment on these types of projects"
It’s also the first independent power producer
(IPP) to be financed on a limited recourse basis in Bangladesh
for many years, and has secured the longest ever loan tenor for
a project financing in the country.
"That was quite an achievement when put against the...