Infrastructure Development Company Limited
Infrastructure Development Company Limited is a government owned non-bank financial institution that finances renewable infrastructure projects in Bangladesh and is located in Dhaka, Bangladesh.[1] In 2016 it was awarded the United Nations Momentum for Change Award.[2]
Formation | 1997 |
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Type | Financial Institution |
Headquarters | UTC Building, 16th Floor, 8 Panthapath, Kawran Bazar, Dhaka-1215, Bangladesh |
Location |
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Region served | Bangladesh |
Official language | Bengali, English |
Parent organization | Ministry of Finance, Government of Bangladesh |
Staff | 350+ |
Website | Infrastructure Development Company Limited |
History
Infrastructure Development Company Limited was established on 14 May 1997 by the Government of Bangladesh.[1][3] It also finances organizations who distribute solar panels in Bangladesh.[4] The Company was licensed by the Bangladesh Bank as a non-bank financial institution (NBFI) on 5 January 1998. Since its inception, IDCOL is playing a major role in bridging the financing gap for developing medium to large-scale infrastructure and renewable energy projects in Bangladesh.
IDCOL is managed by an eight-member independent Board of Directors comprising four senior government officials, three representatives from the private sector and a full-time Executive Director and Chief Executive Officer. It has a small and multi-skilled work force comprising financial and market analysts, engineers, lawyers, IT experts, accountants and environmental and social safeguard specialists.
References
- "Infrastructure Development Company Ltd". coastbd.net. COAST Trust. Retrieved 19 November 2016.
- "Bangladeshi company honoured with UN climate award". dhakatribune.com. Dhaka Tribune. 18 November 2016. Retrieved 19 November 2016.
- "Infrastructure Development Company Limited (IDCOL)". idcol.org. Retrieved 19 November 2016.
- "Solar Bangla for Shonar Bangla". dhakatribune.com. Dhaka Tribune. 27 October 2016. Retrieved 19 November 2016.