‘B-R Powergen to get listed on capital market’ | The Daily Star
09:56 PM, August 06, 2019 / LAST MODIFIED: 09:59 PM, August 06, 2019

‘B-R Powergen to get listed on capital market’

Says finance minister

The standing committee on hard term loan today approved the proposal from B-R Powergen to borrow from a German bank on the condition that the power plant would get listed as it starts generation.

The approval came at a meeting chaired by Finance Minister AHM Mustafa Kamal.

“I hope public companies will get listed on the capital market one by one like B-R Powergen,” Kamal said.

The loan amount is 93 million euros and the interest rate would be 6 month EURBOR + 0.8 percent. Loan repayment will start in fiscal 2023-24 and the amount must be paid off over a 15-year period, which includes one year’s grace period.

The 150-megawatt diesel-based power plant will be set up at Sreepur of Gazipur.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top