Reliance Power and Japanese energy major JERA have signed an agreement with a group of banks for their new gas-fired thermal power generation project in Bangladesh. The signed agreement will provide full finance of about $642 million (approx Rs 4,798 crore) for a new 745 MW natural gas combined-cycle power project in Meghnaghat in Bangladesh. This is one of the largest funding tie-ups for a project in Bangladesh’s power sector.
With this agreement, Reliance Power and JERA will focus on full-scale construction and aims to work steadily towards achieving commercial operation in 2022. The electricity generated from the 745 MW natural gas combined-cycle power project will be sold under a long-term power purchase agreement with the Bangladesh Power Development Board (BPDB). This will be done for a period of 22 years from the start of commercial operation.
Important takeaways for all competitive exams:
Air pollution in India has reached dangerous levels in 2024, especially in northern cities. Many…
Brazilian Federal Police Commissioner Valdecy Urquiza has been elected as the new Secretary General of…
The Dubai Sports Council has appointed four global sports icons as its Sports Ambassadors, including…
World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence…
Phobias are strong, irrational fears of specific objects, places, or situations that can make life…
World AMR Awareness Week (WAAW) is an annual global campaign observed from 18-24 November. Its…