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 celebrating the financial closure of the USD 67 million Syndicated Term Loan Facility for the project was held on Thursday at the InterContinental Dhaka, said a press release on Saturday.

BRAC Bank PLC and IDCOL contributed USD 22 million and USD 45 million respectively, reaffirming their commitment to supporting Bangladesh's clean energy transition.

The large-scale solar power plant, located in Pabna, has already begun supplying electricity to the national grid, marking a signif...