Dhaka, Nov. 8 -- BRAC Bank PLC and Infrastructure Development Company Limited (IDCOL) have jointly financed a landmark renewable energy initiative,a 64.55 MW solar power plant, operated by Bangladesh China Renewable Energy Company Limited (BCRECL).

A ceremony was held on November 6, 2025at InterContinental Dhaka to celebrate the financial closure of the USD 67 million Syndicated Term Loan Facility for the project. BRAC Bank PLC and IDCOL contributed USD 22 million and USD 45 million respectively in debt financing, underscoring their commitment to driving Bangladesh's clean energy transition, according to a media release.

The large-scale solar plant, located in Pabna, has already commenced supplying clean electricity to the national grid...