Bangladesh Government has given its in-principle approval to Anil Ambani-led Reliance Power’s first phase of the 3,000 MW LNG-based power plant at Meghnaghat in Narayanganj district.
This approval has paved the way for the largest Foreign Direct Investment (FDI) in Bangladesh with a potential investment of over 8,700 crore rupees (1.3 billion dollars).
Key facts
In the first phase, a 750 MW LNG-based power plant will be set up along with the FSRU (floating storage and regassification unit) terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.
FSRU-based LNG terminal will supply re-gasified LNG for the power project and additional RLNG to PetroBangla.
The first phase of the LNG-based power plant will be commissioned in 2018-19 and shall help to meet Bangladesh’s rising demand for electricity.
For this project, Reliance Power will install equipment procured from international equipment suppliers including General Electric (GE) and other global suppliers.
Current Affairs 5th May, 2016 Highlights of Union Budget 2016-17 Highlights of Railway Budget 2016-17
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