Accreditation assessment of Applicant 051 (APL051)

The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the Infrastructure Development Company Limited (IDCOL) in Bangladesh for medium-sized projects with medium environmental and social risk. While IDCOL demonstrated strong capabilities in renewable energy and fiduciary management, the recommendation is conditional upon the adoption of several board-approved policies regarding internal audits, codes of conduct, project closure, and public disclosure.

• The Infrastructure Development Company Limited (IDCOL) has a significant track record in financing sustainable development in Bangladesh, including USD 997 million for the Solar Home System Programme and USD 380 million for the 450MW Meghnaghat-1 Power Plant.
• The Accreditation Panel concluded that IDCOL partially meets GCF requirements for basic fiduciary standards, project management, and on-lending/blending, primarily due to missing or unapproved policies.
• IDCOL's environmental and social management system (ESMS) is found to be consistent with the GCF interim environmental and social safeguards for medium risk (Category B/I-2).
• The applicant has established a gender policy as of January 2016 and has demonstrated the capacity to implement gender considerations in climate change projects.
• Accreditation is recommended for projects of 'medium' size (above USD 50 million and up to USD 250 million) and 'medium risk' (Category B/I-2).
• Prior to the first GCF disbursement, IDCOL must meet several conditions, including the board-approval of a code of conduct, a project closure policy, and policies for the public disclosure of monitoring reports and on-lending decisions.

APA

Green Climate Fund (n.d.). Accreditation assessment of Applicant 051 (APL051). https://www.greenclimate.fund/sites/default/files/decision/b17/decision-b17-13-b17-a12.pdf

Chicago

Green Climate Fund. Accreditation assessment of Applicant 051 (APL051). n.d. https://www.greenclimate.fund/sites/default/files/decision/b17/decision-b17-13-b17-a12.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of Applicant 051 (APL051) |url=https://www.greenclimate.fund/sites/default/files/decision/b17/decision-b17-13-b17-a12.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of Applicant 051 (APL051)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b17/decision-b17-13-b17-a12.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }