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IPDC signs MOU with FloWater Solutions Limited for Sustainable Financing
IPDC Finance Limited, the leading private sector financial institution of Bangladesh, has signed a Memorandum of Understanding (MOU) with FloWater Solutions Limited (FloWater), one of the leading Environment Companies providing effluent treatment plants (ETP), sewage treatment plants (STP) and water treatment plants (WTP). FloWater also offers Industrial Rooftop Solar for various factories with large rooftop space all over Bangladesh. The MOU signing ceremony took place at IPDC Finance Head Office.
Under this MOU, IPDC will offer financing and strategic support to sustainable energy projects in collaboration with FloWater Solutions Ltd. Also, IPDC will work to explore the possibility for collaboration on the industrial rooftop solar PV platform company promoted by FloWater in Bangladesh to offer an OPEX or PPA model for creditworthy clients.
Mr. Mominul Islam, CEO of IPDC Finance Ltd and Mr. Mustafa Azim Kasem Khan, Managing Director of FloWater Solutions Ltd signed the agreement on behalf of their respective organizations. The signing ceremony was also attended by Rizwan Dawood Shams, DMD and Head of Business Finance; Jumaratul Banna, Head of Local Corporate; Abdul Mabud Tushar, Head of Supply Chain Finance and Sajjad Hossain Chowdhury, Head of Channel Management along with other high officials of IPDC Finance Limited. From FloWater Solutions Limited, Ms. Anna Maria Ladosz, Co-Founder and Chairman and Mr. Ahamed Imtiaz, Co-Founder and Director were present at the ceremony.
Mominul Islam, Managing Director and CEO of IPDC Finance Limited said, “IPDC patronizes this collaboration with industry innovators. Sustainable Finance is one area where this sort of collaboration is much needed for ensuring better implementation. We are glad to be in partnership with FloWater Solutions Ltd, because such associations are the driving force of the building a “Green Bangladesh”.
Mustafa Azim Kasem Khan, Managing Director of FloWater Solutions Limited said, “Bangladesh will become a leader in sustainability so FloWater must provide blended financial and technical solutions that are easy to adopt for industry owners. IPDC’s role as one of our domestic development partners will accelerate the deployment of environment friendly projects and encourage other financial institutions to partner with FloWater for sustainable financing”.