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ABD approves debt financing of Reliance Power's Bangladesh project

IANS  |  Mumbai 

Power on Tuesday said that the Asian Development (ADB) had approved its debt financing and partial risk guarantees totalling $583 million to develop a LNG terminal and a 750-MW power project in

"The ADB's financing package includes loans and partial risk guarantees for the power generation facility, as well as for its Liquified Natural Gas (LNG) terminal. The total project cost is approximately $1 billion," a company statement said.

According to the company, the project includes a power generation facility to be located in Meghnaghat, near national capital Dhaka, and a LNG terminal near Kutubdia Island south of Chittagong, which will significantly increase power generation and boost energy infrastructure in

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 12:32 IST
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