The International Finance Corporation, a unit of the World Bank, has entered into an agreement with the  Sustainable and Renewable Energy Development Authority (SREDA) of Government of Bangladesh for the support of the planned 35 to 50 MW solar photovoltaic project. 

IFC will take the lead as the transaction advisor on the planned project in the Kushtia district and will structure the project under the public-private partnership model.

The funding for IFC is backed by the European Commission's Directorate General for International Cooperation and Development, Germany's Federal Ministry of Economic Cooperation and Development, and the Sustainable Development Investment Partnership.