Bangladesh approves Reliance Power proposal to set up 750 MW gas-based power project

The Government of Bangladesh has granted in-principle approval for the first phase of Reliance Power’s gas-based power project in Bangladesh. The information of the approval was given on 4 May 2016 through a release by Reliance Power.

Key highlights of the Project

• The first phase of 750 MW LNG based power plant will be set up at Meghnaghat (Narayanganj district), around 40 km South-East of Dhaka.

• It will be set up along with the FSRU (Floating Storage and Regasification Unit) terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.

• Power plant land at Meghnaghat will be provided by Bangladesh Power Development Board (BPDB).

• FSRU based LNG terminal will supply Re-gasified LNG for the power project and additional RLNG to PetroBangla.

• The project will be executed at an expected expense of 1.3 billion US dollars (8700 crore rupees).

• First phase will be commissioned in 24 months from the zero date in 2018-19.

• The first phase is the part of complete project of 3000 megawatt gas-based power plant.

Significance

• It can power the country’s rising demand for electricity.

• It will provide clean and green power contributing to the Bangladesh’s goal of energy security.

• It will be the largest foreign direct investment in Bangladesh with a potential investment of over 1.3 billion dollars.

Besides, 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. This will include advanced class 9FA machines supplied by GE, in the proposed project at Bangladesh.

About Reliance Power
Reliance Power Limited, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company.

The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating portfolio of 5945 megawatts.

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