Reliance Power signs project agreements with PDB

Reliance Power has signed project agreements with Power Development Board (PDB) for Phase 1 of 750 MW LNG based combined cycle power project at Meghnaghat,Dhaka, which include Power Purchase Agreement (PPA) and Implementation Agreement (IA), a press statement said. 

The agreement was signed in New Delhi in presence of Prime Minister Sheikh Hasina during her four-day visit to India recently. 
Also, an MoU has been signed with PetroBangla to set up 500 mmscfd LNG terminal at Kutubdia Island near Chittagong. 
The definitive agreements for setting up the LNG terminal will be executed with PetroBangla shortly. Full LNG terminal capacity will be used by PetroBangla to meet huge demand for power and other industries and replace costly and highly polluting fuels.
Reliance Power will relocate its 2,250 MW combined cycle power project at Samalkot in Andhra Pradesh, India to Bangladesh in a phased manner.
Earlier on June 5, 2015, Reliance Power had signed an MoU with the Bangladesh Power Development Board (BPDB) to set up the integrated project. The Phase l will have an investment outlay of nearly US$ 1 billion investment in Bangladesh. Financing of the project is under consideration of Asian Development Bank (ADB) and a consortium of lenders.

Reliance Power signs project agreements with PDB

Reliance Power has signed project agreements with Power Development Board (PDB) for Phase 1 of 750 MW LNG based combined cycle power project at Meghnaghat,Dhaka, which include Power Purchase Agreement (PPA) and Implementation Agreement (IA), a press statement said. The agreement was signed in New Delhi in presence of Prime Minister Sheikh Hasina during her four-day visit to India recently. Also, an MoU has been signed with PetroBangla to set up 500 mmscfd LNG terminal at Kutubdia Island near Chittagong. The definitive agreements for setting up the LNG terminal will be executed with PetroBangla shortly. Full LNG terminal capacity will be used by PetroBangla to meet huge demand for power and other industries and replace costly and highly polluting fuels. Reliance Power will relocate its 2,250 MW combined cycle power project at Samalkot in Andhra Pradesh, India to Bangladesh in a phased manner. Earlier on June 5, 2015, Reliance Power had signed an MoU with the Bangladesh Power Development Board (BPDB) to set up the integrated project. The Phase l will have an investment outlay of nearly US$ 1 billion investment in Bangladesh. Financing of the project is under consideration of Asian Development Bank (ADB) and a consortium of lenders.