India-based Reliance Power has secured approval from the government of Bangladesh to develop a $1.3bn liquefied natural gas (LGN) power project.
Reliance Power will construct the first phase of the 750MW LGN plant at Meghnaghat, about 40km southeast of Dhaka, along with a floating storage and regasification unit (FSRU) terminal at Maheshkhali Island.
The FSRU will supply re-gasified LNG for the power plant and additional RLNG to PetroBangla —Bangladesh Oil & Gas Corporation.
Reliance Power is planning to install world-class equipment, including advanced class 9FA machines supplied by General Electric (GE).
The first phase of the project is expected to be commissioned by 2018-19.