Reliance Power bags its New Project
Reliance power led by Anil Amabani has bagged a 750 MW natural gas – based project in Bangladesh, with a $1.3 billion potenial investment, lagest South Asian country to be touted.
Under the approval, first phase of 750 MW power plant will be set up at Meghnaghat (Narayanganj district), around 40 km South-East of Dhaka along with the FSRU terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.
It is belived that "the first phase will be commissioned in 24 months from the zero date, in 2018-19, and can power the country's rising demand for electricity and will provide clean and green power contributing to the Bangladesh's goal of energy security," the companmy added.
This will be the largest foreign direct investment in Bangladesh with a potential investment of over US$1.3 billion.
Reliance Power is proposing to install the world-class equipment procured from internationally reputed equipment suppliers for combined cycle power project at Samalkot in Andhra Pradesh, including advanced class 9FA machines supplied by GE, in the proposed project at Bangladesh. This will help set up the project on a fast-track basis.
Reliance Power had signed an memorandum of understanding with the Bangladesh
government for developing 3,000 MW of capacity in phases with a potential investment of $3 billion.