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ADB approves USD 583 mn loan facility to RPower's project

Press Trust of India  |  New Delhi 

Power today said Asian Development (ADB) has approved debt financing and partial risk guarantees totalling USD 583 million to develop its 750 MW power plant and LNG terminal project in

"The Board of Asian Development (ADB) has approved debt financing and partial risk guarantees totalling USD 583 million (approx Rs 3,748 crore) for 750 MW LNG based combined cycle power plant and LNG Terminal project being developed by the company's subsidiaries in Bangladesh," Power said in a filing.


The project, which includes a power generation facility to be located in Meghnaghat near Dhaka and an LNG Terminal near Kutubdia Island south of Chittagong, will significantly increase power generation and improve energy infrastructure in Bangladesh, ADB said.

Total project cost is approximately USD 1 billion.

of the company were trading 0.41 per cent lower at Rs 36.60 on

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

First Published: Tue, December 05 2017. 12:15 IST
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