Baraka Power Limited

Baraka Power Limited

Power Generating Company

BPPL signed a syndiacted term laon of BDT 2205.00 million

20-March-2013


On March 20, 2013, Baraka Patenga Power Limited (BPPL), a subsidiary company of Barakatullah Electro Dynamics Limited (BEDL), has been signed a Syndicate term loan agreement of BDT 2205.00 million with eight Banks and Financial Institutions at the Westin Hotel, Dhaka. United Commercial Bank Limited (UCBL) and Rupali Bank Limited have been acted as lead arranger and co-arranger respectively for the syndicated term loan to setup a 50 MW IPP power plant at Patenga, Chittagong. Mr. Faisal Ahmed Chowdhury, Chairman and Mr. Gulam Rabbani Chowdhury, Managing Director of the company has been attended the signing ceremony. Managing Directors of participating banks and financial Institutions (i.e. United Commercial Bank Limited (UCBL), Rupali bank Limited, Lanka Bangla Finance Limited, Trust Bank Limited, SABINCO, IDLC Finance Limited, Bank Asia Limited and IPDC of Bangladesh Limited) are also attended the ceremony. Among others, high officials of BPPL, Banks, Financial Institutions are present at the ceremony.