Reliance Power plans to invest $3 billion for setting up a 3,000-megawatt, LNG-based combined cycle power plant and a 2-million tonne a year floating LNG import terminal with a floating storage and regasification unit (FSRU) in Bangladesh. Mr Sameer Gupta, Executive Vice-President, Reliance Power, signed a memorandum of understanding (MoU) in this regard recently.
It would be the largest foreign investment in Bangladesh, the company said in a statement.
According to the Mukesh Ambani-led company, Reliance Power would use the equipment it had contracted for its Andhra Pradesh-based Samalkot project for setting up the power plant in Bangladesh in three years from the date of signing the power purchase agreement (PPA).
The equipment will be under appropriate warranties from General Electric (GE), US and other global suppliers, the statement pointed out.
“Reliance is proposing to utilise these brand new equipment from Samalkot project, including advanced class 9FA machines supplied by GE, for the proposed project at Bangladesh, under appropriate warranties from GE and the other equipment suppliers. This will help set up the project on a fast-track basis,” the company said.
The Bangladesh Power Development Board (BPDB) would provide land for the project, the statement noted.
This post was written by Atlantic Admin