Wednesday, 28 September, 2022

IDCOL supports Hatil’s green energy complex

  • Staff Correspondent
  • 14 August, 2022 12:00 AM
  • Print news
IDCOL supports Hatil’s green energy complex
IDCOL Executive Director and CEO Alamgir Morshed and Hatil Complex Managing Director Selim H Rahman exchange documents after signing an agreement in the capital recently.

Hatil Complex Limited will set up a first rooftop solar project with the financial assistance of Infrastructure Development Company Limited (IDCOL).

The 2.67 MWp project will be implemented on the factory rooftops of Hatil Complex Limited, located at Kashimpur in Gazipur, said a press release.

The total cost of the project is Tk 17.78 crore.

Under the facility agreement, IDCOL is providing concessional loan of Tk 14.23 crore to Hatil Complex Limited.

The project is expected to be operational by April 2023.

The rooftop solar project is part of the on-going green initiatives of Hatil Complex Limited to use environment friendly technologies and become less dependent on grid electricity by using renewable energy sources.

Under its Rooftop Solar Financing Scheme, IDCOL plans to finance 300 MWp of solar PV installations on industry rooftops by 2025.

The signing ceremony was attended by Alamgir Morshed, Executive Director & CEO, IDCOL, S. M. Monirul Islam, Deputy CEO & CFO, IDCOL, Md. Enamul Karim Pavel, Head of Renewable Energy along with other officials of IDCOL. Mr. Selim H. Rahman, Managing Director, Hatil Complex Ltd., Mr. Rezaul Karim, Company Secretary, Hatil Complex Ltd. and other officials of Hatil Complex Ltd. were also present during the ceremony.