LNG-Based Plant of Reliance Power Has Been Approved by Bangladesh Government [ Current Affairs ]

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Bangladesh Government has given its in-principle agreement to Anil Ambani-led first phase of the 3, 000 MW LNG-based power plants of Reliance Power at Meghnaghat in Narayanganj district.

  • A potential investment of over 8, 700 crore rupees (1.3 billion dollars) this approval has enclosed the way for the largest Foreign Direct Investment (FDI) in Bangladesh with.

Key facts

  • A 750 MW LNG-based power plant will be set up along with the FSRU (floating storage and regassification unit) terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh in the first phase.
  • FSRU-based LNG inveterate will supply re-gasified LNG for the power project and additional RLNG to Petro Bangla.
  • In 2018 - 19 the first phase of the LNG-based power plant will be commissioned and shall help to meet Bangladesh’s rising demand for electricity.
  • Reliance Power will install gear procured from international equipment suppliers including General Electric (GE) and other global suppliers for this project.

About Reliance Power:

  • Reliance Power Limited is part of the Reliance Anil Dhirubhai Ambani Group.
  • It was founded in 2007 to develop, construct and operate power projects in the Indian and international markets.
  • Reliance Infrastructure Limited, an Indian private sector power utility company and the Anil Dhirubhai Ambani Group encourage Reliance Power.
  • The company is the sole supplier of electricity to patrons in the conurbations of Mumbai.
  • It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh.

- Published on: May 9, 2016