Business Desk :
Unique Meghnaghat Power Limited (UMPL) recently got $360 million as the first disbursement of a $463 million loan agreement with foreign lenders for the construction of a combined cycle gas-fired power plant at Sonargaon in Narayanganj.
The estimated project cost for the 584-megawatt power plant is $612 million, being financed at 75:25 debt-equity ratio, according to a press release.
The debt portion is being financed through a multi-sourced financing package, including an Export Credit Agency (ECA) covered tranche from Standard Chartered Bank (SCB), Swiss Export Risk Insurance as well as Asian Infrastructure Investment Bank (AIIB), Deutsche Investitions-und Entwicklungsgesellschaft (DEG) and Opec Fund for International Development (OFID).