Lankan Alliance raises fund for Power Generations

Lankan Alliance Finance Ltd (LAFL) signed an agreement with Manikganj Power Generations Ltd (MPGL), a 162 MW power plant and entity of Doreen Group, over raising Tk 600 million through the  issuance of fully redeemable, non-convertible, cumulative preference shares.

Kanti Kumar Saha, chief executive officer of LAFL, and Mostafa Moin, chief executive officer of MPGL, signed the deal at the former's head office recently, said a press release.

Afroz Alam, chief financial officer of MPGL, Shahanur Rashid, head of business of LAFL, Md Sayful Islam, head of SME, and Ali Tasben Haque Riyad, corporate unit head, were present.