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:
The Indian Space Research Organisation (ISRO) and the European Space Agency (ESA) have extended their…
England fast bowler Mark Wood announced his retirement from international cricket on September 22, 2026,…
The Indian women’s cricket team won the gold medal at the Asian Games 2026 after…
India has endorsed the consensus outcomes of the G20 Energy Abundance Ministerial, reinforcing its engagement…
The 7th edition of the National Formulary of India (NFI) 2026 was launched on September…
The Government of India has dissolved the Digital Communications Commission (DCC), the apex inter-departmental decision-making…