Orion signed agreement with UBS, Singapore for raising bond of USD 200 million.

16th April, 2018

An agreement was signed between First Gen Energy FZE, the Lead Member of Orion Power Unit-2 Dhaka Ltd. (OPDL-2) and Union Bank of Singapore (UBS) on April 16, 2018 in Mumbai, India for raising Bond of USD 200 Million by listing in Singapore Stock Exchange to implement a 635 MW (net) Coal based Ultra Super Critical IPP power project in Gozaria, Munshiganj. The Management of Orion Group and the higher officials of Union Bank of Singapore (UBS) were present during the signing ceremony. The project cost has been estimated about USD 821.5 million. The project has been designed with state-of-the-art Clean Coal Technology to ensure efficient operations complying with all environmental regulations and confirming zero emission.