Reliance Power has signed a Memorandum of Understanding (MoU) with the Bangladesh Power Development Board (BPDB) to develop a 3000 MW LNG combined cycle power project in Bangladesh.
The project will be developed in phases, with a floating storage and regasification unit (FSRU) LNG terminal to supply regasified LNG to the power project.
The FSRU terminal will be located at Maheshkhali Island in Cox’s Bazar district of Bangladesh. The project will be able to power the country’s increasing demand for electricity, providing clean and green power. It is the largest foreign investment in Bangladesh with a potential investment of approximately US$3 billion.
Reliance is implementing a 2400 MW gas combined cycle power project at Samalkot in Andhra Pradesh. The company will install the equipment procured for the project, including advanced class 9FA machines supplied by GE.
Adapted from press release by Katie Woodward