IFC to invest $165m in Bangladesh energy firm
The International Finance Corporation (IFC), the investment arm of the World Bank, has agreed to provide $165 million in debt financing to the Bangladeshi subsidiary of Singapore-based energy firm Sembcorp Utilities.
The investment will consist of a $103 million loan from IFC's own account and $62 million mobilized through third-party investors. Sembcorp will use the financing to set up a greenfield dual-fuel power...
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