Reliance Power is expecting to complete financial closure for its phase its 750 MW liquefied natural gas (LNG) power project in Bangladesh within this financial year. “Our efforts to put our 750 MW gas-based project in Bangladesh is on track. We will be able to achieve financial closure in the current fiscal,” Reliance Group Chairman Anil Ambani said on Tuesday. Ambani said: “This project will generate earning in the dollar for the company as it will get dollar-denominated tariff in this project. Its implementation will significantly enhance top line and bottom line of the company.”

Source: Dhaka Tribune September 27, 2017 07:41 UTC