Bangladesh Government gives nod to Reliance Power’s LNG-based plant

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.

Month: Current Affairs - May, 2016