Reliance Power signs agreements for Bangladesh 750MW power project

WCN Editorial Team 12 Apr 2017 ASIA ENERGY & UTILITIES

Reliance Power has signed agreements with the Bangladesh Power Development Board (BPDP) for the first phase of a 750MW LNG-based combined cycle power project in Meghnaghat, Bangladesh.

The agreements include a Power Purchase Agreement (PPA) and an Implementation Agreement (IA). Phase I of the project will entail an investment of around $1bn, to be the largest foreign direct investment in Bangladesh, Reliance Power said.

The firm has also signed a memorandum of understanding (MoU) with PetroBangla to build a 500 mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh.

The new terminal will be used by PetroBangla to replace expensive and polluting fuels.

 

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