Reliance Power in Collaboration with JERA set to Build Power Plant in Bangladesh
Reliance Bangladesh LNG and Power a joint venture between India’s Reliance Power and Japan’s JERA are all set to develop a new gas-fired power generation project in Bangladesh through their project company. A total of $642 million with a group of banks which includes the Japan Bank for International Cooperation (JBIC) has been allocated.
What this project is all about
In this joint venture, the project company will be building and operating a 745 MW natural gas combined-cycle power project in Meghnaghat, Naranganj, which is located approximately 40 km southeast of Dhaka the capital city of Bangladesh.
After its construction, the electricity generated will be sold under a long-term power purchase agreement between the Bangladesh Power Development Board (BPDB) and the project company for a period of 22 years from the start of commercial operation.
The upcoming plant at Dhaka will be powered by two GE 9F gas turbines, one GE D11 steam turbine and three H53 generators. GE (General Electric) an American multinational conglomerate and a leading player in natural gas power technology will be providing the advanced gas turbine technology to the plant. Engineering, Procurement and Construction (EPC) group Samsung C&T will build the Meghnaghat power plant.
This project a joint venture of India’s Reliance Power and Japan’s JERA is expected to give an enormous boost to the economic and industrial growth of Bangladesh. The power plant will supply electricity to more than 8,50,000 homes in Bangladesh by utilising re-gasified liquified natural gas (LNG).
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