The ADB support will help to produce approximately 750 MW of the 3,000 MW power capacity Reliance Power is looking to create in Bangladesh. The energy will be sold to the Bangladesh Power Development Board under a long-term power purchase agreement. “Reliance Power has achieved a major and important milestone of approval of financing for its landmark project in Bangladesh. This is an important step in helping Bangladesh achieve energy security,” said Venugopala Rao, CEO of Reliance Power, India’s leading private power generator. “ADB’s leadership in financing will help us to develop this clean and reliable LNG-based power project in Bangladesh.”

Source: bd News24 December 05, 2017 05:03 UTC