Unique Hotels joint venture company deals 463 million dollars loan

Unique Meghnaghat Power, a joint venture company of listed travel and leisure sector company Unique Hotels & Resorts Limited, Neighbors Power Investment B.V. and GE Capital Global Energy Investment B.V. has signed an agreement for foreign loans.

This information is known from DSE sources.

It is reported that the companies have signed an agreement for a loan of 463 million US dollars. The joint venture company has signed an agreement for 15 years.

Unique Meghnaghat Power Limited is located at Sonargaon, Narayanganj. It is a 584 MW gas based combined cycle power plant. The project will be funded in the ratio of 75:25. It has 37.24 percent profit of Unique Hotel.

A loan of USD 463 million will be taken for 15 years for this project. Serve ECA will lend USD 270 million from backed lender Standard Chartered Bank, USD 110 million from Asian Infrastructure Investment Bank, DTasi Investments USD 45 million and OPEC Fund for International Development USD 38 million.

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