Anil Ambani Group-controlled Reliance Power said Asian Development Bank has approved debt financing and partial risk guarantees totaling $583 million to the company’s Bangladesh LNG and Power Project.
“ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately $1 bilion,” the company said.
ADB’s support will help Reliance Power Limited to develop an initial approximately 750 megawatts (MW) of gross power generation capacity and terminal facilities for LNG import.
Reliance Power plans to increase its power generation capacity to around 3,000 MW in Bangladesh. Read More…
Latest posts by Ultra News (see all)
- Reliance Power wins Rs 390 cr arbitration against Indonesian coal group - August 23, 2018
- India spot power price increases 39% YoY in July - August 3, 2018
- Yes Bank Lends Rs 750 Cr To Mahindra Group For Rewa Solar Plant - March 16, 2018