Reliance gets approval for Bangladesh project

Bangladesh government has granted in-principle approval for the first phase of Reliance Power's Bangladeshi project, reports the Economic Times. 

 

Estimated at $1.3 billion (Rs 8,700 crore) it would one of the largest foreign direct investment for the country.

 

The first phase involves setting up a 750 MW power plant at Meghnaghat in Narayanganj district, around 40 km South-East of Dhaka along with a floating storage and re-gasification terminal at Maheshkhali Island in Cox's Bazar district.

 

Land at Meghnaghat for the power plant will be provided by Bangladesh Power Development Board (BPDB) and the first phase is expected to be commissioned by 2018-19. It would power the country's rising demand for electricity and will provide clean and green energy.

 

The proposed floating storage and re-gasification based LNG terminal will supply re-gasified LNG for the power project and additional re-gasified LNG to PetroBangla.

 

Reliance Power plans to use world-class equipment procured from internationally reputed equipment suppliers for combined cycle power project at Samalkot in Andhra Pradesh, including advanced machines supplied by General Electric for the Bangladeshi project.