Reliance Power Current Affairs - 2020

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.

Construction

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.

Conclusion

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).

Bangladesh Government gives nod to Reliance Power’s LNG-based plant

Bangladesh Government has given its in-principle approval to Anil Ambani-led Reliance Power’s first phase of the 3,000 MW LNG-based power plant at Meghnaghat in Narayanganj district.

This approval has paved the way for the largest Foreign Direct Investment (FDI) in Bangladesh with a potential investment of over 8,700 crore rupees (1.3 billion dollars).

Key facts

  • In the first phase, a 750 MW LNG-based power plant will be set up along with the FSRU (floating storage and regassification unit) terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.
  • FSRU-based LNG terminal will supply re-gasified LNG for the power project and additional RLNG to PetroBangla.
  • The first phase of the LNG-based power plant will be commissioned in 2018-19 and shall help to meet Bangladesh’s rising demand for electricity.
  • For this project, Reliance Power will install equipment procured from international equipment suppliers including General Electric (GE) and other global suppliers.