IDCOL wins four int’l awards for green finance
Business Report :
Infrastructure Development Company Limited (IDCOL) has received four prestigious honours at the Asian Banking & Finance (ABF) Awards 2025, recognising its leadership in sustainable infrastructure financing and green energy investments across South Asia and Africa.
The accolades were presented in Singapore during ABF’s Corporate & Investment Banking Awards and Wholesale Banking Awards ceremonies. Known for spotlighting excellence in finance across Asia, the ABF Awards this year highlighted IDCOL’s standout contributions to climate-smart infrastructure, inclusive growth, and innovative financing solutions.
IDCOL was awarded:
# Green Deal of the Year
# Project Infrastructure Finance Deal of the Year – Bangladesh
# Domestic Project Finance Bank of the Year
# Green Financing Bank of the Year – Bangladesh
The Green Deal of the Year award was presented to IDCOL for its role in managing a $20 million fund under the Malawi Electricity Access Project, which helped scale off-grid energy solutions across East Africa. The Project Infrastructure Finance Deal of the Year recognised IDCOL’s financing of a 115MW Independent Power Plant in northern Bangladesh, which will power over 500,000 homes and businesses, says a press release.
The Domestic Project Finance Bank of the Year award highlighted IDCOL’s investment in a solar park in Sirajganj that is expected to offset more than 73,800 tonnes of CO? annually. Meanwhile, the Green Financing Bank of the Year recognition was based on IDCOL’s Solar Rooftop Program, which has financed 48 rooftop projects totalling 163MWp across various industrial sectors.
Alamgir Morshed, Executive Director and CEO of IDCOL, said:
“These accolades underscore IDCOL’s pivotal role in structuring climate-smart, socially inclusive, and commercially viable infrastructure and energy solutions. Whether electrifying off-grid communities in Malawi or scaling up renewables in Bangladesh, we remain focused on aligning our investments with both national priorities and global climate goals.”
These achievements further reinforce IDCOL’s position as Bangladesh’s premier development finance institution, committed to mobilising concessional capital, accelerating the adoption of clean energy, and building long-term resilience in the economy.