ADB to support Reliance Power’s LNG Terminal, Power Project in Bangladesh

05 Dec 2017 Evaluate

The Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquefied Natural Gas (LNG) and Power Project. The project, which includes a power generation facility to be located in Meghnaghat, near the capital city of Dhaka, and an LNG Terminal, near Kutubdia Island south of Chittagong, will significantly increase power generation and improve energy infrastructure in Bangladesh.

ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately $1 billion.

Reliance Power, 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 capacity of 5,945 megawatts.


Reliance Power Share Price

43.08 0.48 (1.13%)
01-Nov-2024 18:59 View Price Chart
Peers
Company Name CMP
NTPC 411.50
Tata Power 445.20
Power Grid Corp 321.90
Adani Power 596.95
Torrent Power 1825.35
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.