Reliance Power to set up plant in Bangladesh

Reliance Power, promoted by Anil Ambani, would be now venturing into Bangladesh for setting up a power plant. The Bangladesh government has granted in-principle approval for the first phase of Reliance Power’s project.

The 750MW gas-based power plant will be set up at Meghnaghat (Narayanganj district), around 40 km South-East of Dhaka, along with a floating storage and regasification unit (FSRU) at Moheshkhali  Island in Cox’s Bazar district of Bangladesh, said a press statement issued by the company. The power plant land at Meghnaghat will be provided by Bangladesh Power Development Board. FSRU-based LNG terminal will supply Re-gasified LNG for the power project and additional RLNG to Petronbangla.

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 Bangladesh’s goal of energy security. This will be the largest foreign direct investment in Bangladesh with a potential investment of over $1.3 billion, the statement said.

Reliance Power is proposing to install the equipment procured from reputed equipment suppliers for combined cycle power project at Samalkota in Andhra Pradesh, at the proposed project in Bangladesh. This will fast-track the project, the statement added.