Officials said it has almost been four years since Reliance signed a memorandum of understanding (MoU) for investing $3 billion in the power and energy sectors of Bangladesh. Four years down the line, Reliance is yet to roll out the investment as it could not sign any final deal with the government. But the Reliance Group is yet to agree with those issues," a senior official at the Power Division told UNB. After a number of changes in its proposal, the officials said, the Indian conglomerate has finally agreed to set up a 750 MW gas-fired power plant in Meghnaghat near Narayanganj, instead of the 3,000 MW plant. The government has agreed to supply gas to run the power plant.

Source: Dhaka Tribune February 14, 2019 16:07 UTC