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Reliance Power has received an in-principle approval of the Bangladesh government for the first phase of the 3,000 megawatt LNG based power plant.
The company has said in a statement that “Under the approval, first phase of 750 MW power plant will be set up at Meghnaghat (Narayanganj district), around 40 km South-East of Dhaka along with the FSRU terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.”
Reliance Power will be setting up a 2 million tonnes a year floating LNG import terminal with a floating storage and re-gasification unit (FSRU) for bringing the fuel in ships for firing the power plant.
According to a statement “Power plant land at Meghnaghat will be provided by Bangladesh Power Development Board (BPDB). FSRU-based LNG terminal will supply re-gasified LNG for the power project and additional RLNG to PetroBangla.”
The statement further said that “this will be the largest foreign direct investment in Bangladesh with a potential investment of over USD 1.3 billion.”
The total investment in the 3,000 MW power plant together with LNG terminal would be close to USD 3 billion.
