PROJECT

Projects

Summary of Investment Information

Project Number

49271

Company Name

Infrastructure Development Company Limited

Date SPI Disclosed

Mar 19, 2025

Country

Bangladesh

Region

South Asia

Projected Board Date

Apr 18, 2025

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Mar 24, 2025

Department

CN4S2 - Regional Industry - INF Asia & Pac/INF Bangladesh, Sri Lanka, Nepal

Industry

Financial Markets

Sector

Development Finance Company

Project Description

The proposed IFC investment is an unfunded Risk Sharing Facility (RSF or Facility) for a portfolio of loans that will be originated by the Infrastructure Development Company Limited (IDCOL), a state-owned non-banking financial institution (NBFI), to finance rooftop solar projects undertaken by the commercial and industrial (C&I) users in Bangladesh (the Portfolio). The Portfolio will have a maximum total amount of US$150 million in equivalent Bangladesh Taka (BDT) and is expected to support deployment of up to 300 megawatts (MW) solar rooftop generation capacity. The RSF is expected to have a facility life of up to 13 years inclusive of a ramp-up period of up to 36 months, with the tenor of each underlying loan being up to 10 years. IFC will share 50% of the risk of the Portfolio and will have a risk exposure of up to US$75 million in equivalent BDT (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation