Rules relaxed for financing coal-based power plants | Daily Star
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Business

Rules relaxed for financing coal-based power plants

Star Business Report
Tue Nov 8, 2022 07:09 PM Last update on: Tue Nov 8, 2022 07:20 PM
coal-based power plants

Bangladesh Bank (BB) today relaxed its rule to facilitate lending for establishment of coal-based power plants and buy the dirty fuel to generate electricity.

The central bank said banks cannot lend more than 25 per cent of their paid-up capital according to the bank company law.

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The upper limit will not be applicable for the next five years for financing to coal-fired power plants, the BB said in a notification.

But the central bank will determine the upper ceiling beyond 25 per cent for the next five years, said the notification.

Related topic:
Bangladesh Bank (BB)coal power plants
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