12 March, 2019
Orion Power Sonargaon Ltd. (OPSL) Signed Loan Agreement with Cargill Financial Services International Inc. USA and Janata Bank Limited
An agreement was signed between Orion Power Sonargaon Ltd., Cargill Financial Services International Inc., USA, and Janata Bank Limited regarding a financial loan to support Orion Power Sonargaon Ltd.’s 104 MW HFO-based power project being implemented at Meghnaghat, Narayanganj.
The signing ceremony took place at the Corporate Office of ORION at Orion House, Dhaka, Bangladesh, on March 12, 2019. Ms. Oh Hwee Chin, Regional Manager, Transaction Management (Trade & Capital Markets) of Cargill Singapore; Mr. Enam Hoque, General Manager of Janata Bank Limited; and Mr. Salman Obaidul Karim, Managing Director of ORION, signed the agreements on behalf of their respective organizations.
Mr. Mohammad Obaidul Karim, Honorable Chairman of ORION, along with senior officials from ORION, attended the event. Representatives from the participating organizations were also present, including Mr. Rajneesh Garga of Cargill Financial Services International Inc., and senior officials from Janata Bank Limited such as Mr. Md. Enamul Hoque, General Manager; Mr. Md. Mustafizur Rahman, Deputy General Manager; and Mr. Abul Bashar Md. Abdul Hannan, Deputy General Manager.
Through this agreement, Cargill Financial Services International Inc. will provide a substantial loan facility to Orion Power Sonargaon Ltd. through Janata Bank Limited.