Infrastructure Development Company Limited (IDCOL)
Formation1997
TypeFinancial institution
HeadquartersUTC Building, 16th Floor, 8 Panthapath, Kawran Bazar
Location
  • Dhaka, Bangladesh
Official language
Bengali, English
Parent organization
Ministry of Finance, Government of Bangladesh
Staff
400+
Websitewww.idcol.org

Infrastructure Development Company Limited is a government owned specialised 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]

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 on 5 January 1998. Since its inception, it has played a major role in bridging the financing gap for developing medium to large-scale infrastructure and renewable energy projects in Bangladesh.

The company is managed by a nine-member independent Board of Directors comprising five senior government officials, three representatives from the private sector and a full-time executive director and chief executive officer. Secretary/Senior Secretary of Economic Relations Division under the Ministry of Finance is the ex-officio chairman of the company. It has a small and multi-skilled work force comprising financial and market analysts, lawyers, engineers, IT experts, accountants and environmental and social safeguard specialists.

References

  1. 1 2 "Infrastructure Development Company Ltd". COAST Trust. Retrieved 19 November 2016.
  2. ↑ "Bangladeshi company honoured with UN climate award". Dhaka Tribune. 18 November 2016. Retrieved 19 November 2016.
  3. ↑ "Infrastructure Development Company Limited". Infrastructure Development Company Limited. Retrieved 19 November 2016.
  4. ↑ "Solar Bangla for Shonar Bangla". Dhaka Tribune (Op-ed). 27 October 2016. Retrieved 19 November 2016.


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