Role of IDCOL in Solar Electrification Sample Clauses

Role of IDCOL in Solar Electrification. IDCOL is a government owned entity entrusted for disbursement of loan funds to the private sector for various investment initiatives. Solar program of IDCOL is ongoing since 2002 with an overall national coverage. This includes all the six divisions of the country, viz. Barisal, Chittagong, Dhaka, Khulna, Rajshahi, Syhlet. The program has been streamlined to disburse discounted loans through IDCOL‟s partner organizations, who operate simultaneously in multiple locations. There is no area franchise or restriction on geographic coverage by any particular organization. Households procure solar home systems on a hire purchase basis with a loan contract of typically 3 years. The buyer makes a comparative judgement of the quality of hardware, and services offered by any particular provider. Popularity of SHS is evident considering more than 65001 SHS being installed per month in Bangladesh, as shown in Figure 1.
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