IDCOL wins 2025 Asian power award for solar project

Infrastructure Development Company Limited (IDCOL) has been named “Solar Power Project of the Year – Bangladesh” winner at the Asian Power Awards 2025, which celebrated regional energy leaders at an awards dinner held on 23 October 2025 in Kuala Lumpur, Malaysia.

The distinction recognises IDCOL’s role in co-financing the 68 MW (AC) Sirajganj Solar Power Project developed by Bangladesh-China Renewable Energy Company Limited (BCREL).

Under a 20-year PPA with BPDB, the project supplies clean power to the national grid; IDCOL’s financing commitment is up to US$55 million via a syndicated arrangement.

The Sirajganj plant is engineered for climate resilience, featuring elevated substation and operating zones (16 m above mean sea level), perimeter embankments, and resilient pile structures, and is projected to avoid ~73,835 tCO₂e annually.

Built on 214 acres of previously barren land, the project complied with World Bank ESS, AIIB ESF, and IDCOL ESSF; the developer undertook stakeholder consultations, fair compensation for transmission-line impacts, and a 3:1 compensatory tree-planting commitment. The project created 200–400 construction jobs and ~50 permanent roles.

Mr. Alamgir Morshed, Executive Director & CEO of IDCOL, said: “This award is a testament to our partners and clients who are accelerating Bangladesh’s energy transition. Financing Sirajganj shows how robust structuring and high E&S standards can bring affordable, reliable clean power to the grid while building climate resilience.”