DEAL: landmark Bangladesh power plant financing

Author: Lizzie Meager | Published: 8 Sep 2017

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 frontier market.

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 infrastructure needs.


"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...


 

 

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