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4 December, 2017 00:00 00 AM
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Reliance Power executes agreements for $1b power project in Bangladesh

STAFF REPORTER
Reliance Power executes agreements for $1b power project in Bangladesh
Officials pose for photograph after signing an agreement between Bangladesh state-owned PetroBangla and Reliance Power for $1b power project in the capital recently. photo: courtesy

Reliance Power Limited, a part of the Reliance Group, a leading private sector power generation and coal resources company of India, has completed signing of agreements to execute first phase of its US $1 billion power project in Bangladesh.

The first phase of the company’s integrated power project features a 750MW combined cycle gas-fired power plant. Fueled by LNG, the power plant will be set up at Meghnaghat near Dhaka.

Along with the gas-fired power plant, a liquefied natural gas (LNG) terminal will be built in Kutudbia Island near Chittagong as part of the first phase. The LNG terminal will have a capacity of 500mmscfd.

Bangladesh state-owned PetroBangla and Reliance Power signed the agreement in this regard in the capital recently.

The project is the result of a memorandum of understanding (MoU) signed by Reliance Power with BPDB during the in June 2015.

As per the MoU, Reliance Power agreed to develop a 3000MW integrated combined cycle gas-based power project in a phased manner along with the construction of a 500mmscfd LNG terminal.

Reliance Power will relocate one module of world-class equipment procured from internationally reputed original equipment manufacturers for its 2,250 MW combined cycle power project at Samalkot in Andhra Pradesh, India for the Phase-1 project in Bangladesh, the statement added.

Reliance Power, in a statement, said: “Reliance project will give a tremendous boost to the economic and industrial growth of Bangladesh and will enhance the energy security of the country with clean, green and reliable LNG based power.”

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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