1st Phase of Reliance Power’s Project in Bangladesh Gets Approval

1st Phase of Reliance Power’s Project in Bangladesh Gets Approval

The Government of Bangladesh has granted in-principle approval for the first phase of Reliance Power’s project in Bangladesh.

Under the approval, first phase of 750 MW power plant will be set up at Meghnaghat (Narayanganj district), around 40 km South-East of Dhaka along with the FSRU terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.

Power plant land at Meghnaghat will be provided by Bangladesh Power Development Board (BPDB). FSRU based LNG terminal will supply Re-gasified LNG for the power project and additional RLNG to PetroBangla.

First Phase will be commissioned in 24 months from the zero date, in 2018-19 and can power the country’s rising demand for electricity and will provide clean and green power contributing to the Bangladesh’s goal of energy security.

This will be the largest foreign direct investment in Bangladesh with a potential investment of over US$1.3 billion.

Reliance Power is proposing to install the world-class equipment procured from internationally reputed equipment suppliers for combined cycle power project at Samalkot in Andhra Pradesh, including advanced class 9FA machines supplied by GE, in the proposed project at Bangladesh. This will help set up the project on a fast-track basis.

About Reliance Power:

Reliance Power Limited, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating portfolio of 5,945 megawatts. The company has completed a capital expenditure of ~ `50,000 Crore; has a strong networth of ~ `21,000 Crore and continues to remain financially conservative with a debt:equity ratio of ~1.5:1, one of the lowest in the Power Sector.

READ  Modi Govt Lights 327 More Villages including 31 in Uttar Pradesh