Dhaka Northern Power Generations Limited (DNPGL) obtained a fund of $ 28.97 million (equivalent to Tk 227.41 crore) from Investment Promotion and Financing Facility (IPFF) for its 55 MW power plant at Singair of Manikganj.The loan was sanctioned through Trust Bank Limited (TBL) on Wednesday. The IPFF is a Bangladesh Bank project launched with the financial support from the International Development Association (IDA) of the World Bank and the government of Bangladesh.
Bangladesh Bank has been implementing the project on behalf of the Finance Division of the Finance Ministry to fund PPP-based infrastructure development projects since 2007.
Apart from this power plant, IPFF has financed USD 232.37 million, equivalent to Tk 1751.86 crore (approx.), in eleven power plants that are contributing 534 MW to the national grid.
One inland container depot, one IT infrastructure project and three water treatment plants are also among the projects received the financial support through participating banks and financial institutions.