Orion Group to get syndicate loan for coal-based power generation
Orion Power Unit-2 Dhaka Limited is implementing the power plant for a period of 25 years
Orion Group will get a syndicate loan of Tk7,497 crore for implementing a 635-megawatt environment friendly Ultra Super Critical Power Plant at Gazaria in Munshiganj.
Agrani Bank Limited is acting as the lead arranger and agent bank for raising the fund. State-owned Janata Bank will finance in the project, said a press release.
To this effect, Orion Power Unit-2 Dhaka Limited, Agrani Bank and Janata Bank signed "Syndication Project Loan Facility Agreement" on 1 November.
Orion Power Unit-2 Dhaka Limited is implementing the power plant for a period of 25 years.
Agrani Bank Managing Director and CEO Mohammad Shams-ul-Islam, Janata Bank Managing Director and CEO Md Abdus Salam Azad, Orion Group Chairman Mohammad Obaidul Karim and Managing Director Salman Obaidul Karim were present among others in the signing ceremony.