Home / Companies / News / RPower, JERA ink loan agreement with banks for Bangladesh's power plant

RPower, JERA ink loan agreement with banks for Bangladesh's power plant

Reliance Power and JERA, through their project company, are developing a new 745 MW natural gas combined-cycle power project in Meghnaghat in Bangladesh

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Anil Ambani, Chairman of Reliance Power said this financing tie-up represents one of the largest funding tie-ups for a project in Bangladesh's power sector. (Photo: Reuters)

Press Trust of India New Delhi

2 min read Last Updated : Jul 31 2020 | 1:34 PM IST

Reliance Power and Japanese energy major JERA have inked a pact with a group of banks for full financing, totalling $642 million (approx Rs 4,798 crore), for their new gas-fired thermal power generation project in Bangladesh.

Reliance Power and JERA, through their project company, are developing a new 745 MW natural gas combined-cycle power project in Meghnaghat in Bangladesh.

"The project company has now signed a loan agreement for full financing totaling $642 million with a group of banks that includes the Japan Bank for International Cooperation," Reliance Power said in a regulatory filing.

"The electricity generated will be sold under a long-term

Topics : Reliance Power Bangladesh thermal power plants Anil Ambani Power Sector Japan Bank

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