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Reliance Power gets USD 583 million loan to develop 750 MW power plant in Bangaldesh

Power News - Published on Thu, 07 Dec 2017

Image Source: topnews.in
Economic Times reported that Reliance Power today said that Asian Development Bank has approved debt financing and partial risk guarantees totalling USD 583 million to develop its 750 MW power plant and LNG terminal project in Bangladesh. Total project cost is approximately USD 1 billion.

Reliance Power said in a BSE filing that "The Board of Asian Development Bank has approved debt financing and partial risk guarantees totalling USD 583 million (approx INR 3,748 crore) for 750 MW LNG based combined cycle power plant and LNG Terminal project being developed by the company's subsidiaries in Bangladesh.”

ADB said that the project, which includes a power generation facility to be located in Meghnaghat near Dhaka and an LNG Terminal near Kutubdia Island south of Chittagong, will significantly increase power generation and improve energy infrastructure in Bangladesh.

Source :

Posted By : Nanda Koijam on Thu, 07 Dec 2017
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