R-Power Seals Final Deal For $1 Billion Bangla Project

R-Power Seals Final Deal For $1 Billion Bangla Project

Anil Ambani’s telecom empire may be in dire straits at home. But his $1-billion plan to set up a generation station in Bangladesh is powering ahead, with the group arm Reliance Power on Thursday closing the final deal for Phase-I of the project.

In the first phase, R-Power is setting up a 750-MW gas-fired power plant at Meghnaghat, some 40 km South-East of Capital Dhaka, and a linked liquid gas import terminal to fuel the power station at Kutudbia Island. Read More…

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