Bangladesh govt approves RPower's gas power plant

This is the largest FDI in Bangladesh with a potential investment of over $1.3 bn

The Government of Bangladesh granted in-principle approval for the first phase of Anil Ambani-owned Reliance Power's gas based power project of 750 MW. This is the largest foreign direct investment in Bangladesh with a potential investment of over $1.3 billion, said the company.

Reliance Power in a statement said the first phase would be commissioned in 24 months from the zero date, in 2018-19. "The project would power the country's rising demand for electricity and will provide clean and green power contributing to the Bangladesh's goal of energy security," said the company.

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Land for the power plant at Meghnaghat will be provided by Bangladesh Power Development Board (BPDB). FSRU-based LNG terminal will supply Re-gasified LNG for the power project and additional RLNG to PetroBangla.