 "The earnings of Anil Ambani's Reliance Communications slumped after Reliance Jio offered free calls and data plans.")
Anil Ambani-promoted Reliance Power on Tuesday said the Asian Development Bank’s (ADB's) board of directors had approved debt financing and partial risk guarantees totalling $583 million to develop the company's Liquified Natural Gas (LNG) terminal and 750-Mw power project in Bangladesh.
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, said the company in a statement.
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, said the company in a statement.
ADB’s financing package includes loans and partial risk guarantees for
