Financial Closure Ceremony for the Country’s Largest IPFF Syndicated Term Loan Raise for United Ashuganj Energy Limited amounting to USD 58.50 million under Lead Arrangement of Dhaka Bank Limited
A “Financial Closure Ceremony” of the Syndicated IPFF Term Loan facility of USD 58.50 million for United Ashuganj Energy Limited was held on January 20, 2016 at a hotel in the capital. This is the LARGEST ever IPFF Term Loan facility for a single project in the country. The project is a 200 MW gas fired power plant at Ashuganj. The project is the –
1st joint venture power project between the Government of Bangladesh (Ashuganj Power Station Company Limited) and a Private Company (United Enterprises & Co. Limited) in Bangladesh.
1st Combined Cycle, Modular Power Plant in Bangladesh.
The cost of the project is USD 170.00 million, which is financed at a debt-equity ratio of 70:30. The project has already started commercial operation and running smoothly.
Meanwhile, the project has won the prestigious ‘Asian Power Awards – 2015’ under 3(three) categories, such as –
GOLD for ‘Combined Cycle Power Plant of the Year’.
SILVER for ‘Fast – Track Power Plant of the Year’.
BRONZE for ‘Gas Power Project of the Year’.
Dr. Atiur Rahman, Honorable Governor of Bangladesh Bank graced the occasion as the chief guest.
Amongst other honorable guests, The Chairman and Directors of Dhaka Bank Limited, the Senior Officials of World Bank, IPFF Project Cell of Bangladesh Bank, Managing Directors of Dhaka Bank Limited, Trust Bank Limited and Mutual Trust Bank Limited, Chairman of United Group, Chairman and Managing Director of United Ashuganj Energy Limited along with other Senior officials of the respective organizations were also present in the program.
At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.
Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.
YOUR SAFETY MEANS EVERYTHING TO US In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.
WE WILL TAKE CARE OF YOUR BANKING NEEDS Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.
Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.
GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.
WE WILL FREQUENTLY UPDATE YOU As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.
Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.
Please stay home, stay safe and take care of yourself and family.
Best regards,
Emranul Huq Managing Director & CEO Dhaka Bank Limited