‘B-R Powergen to get listed on capital market’
Says finance minister
The standing committee on hard term loan approves the proposal from B-R Powergen to borrow from a German bank on condition. Finance Minister AHM Mustafa Kamal speaking at a meeting on the issue on August 6, 2019. Photo: Collected
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.
For all latest news, follow The Daily Star's Google News channel. “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.
Comments