Reducing risk for local commercial banks

Teknaf, Cox’s Bazar, Bangladesh 28MW grid connected Solar Power Plant Solar Power
PCG BENEFICIARY: Standard Chartered Bank Bangladesh TENOR: 8 year – possible extension to 15 years

Guarantee allowed Joules Power Limited to borrow a portion of the funds required for their Technaf project in Bangladesh Taka – reducing currency risk in the transaction.

In addition to the currency risk, the guarantee helped banks to increase the tenor of the loan and encouraged banks to venture into new sectors.