Reliance Power and Bangladesh Power Development Board signed a memorandum of understanding to develop 3,000 MW of LNG based combined cycle power project in Bangladesh.
The project will be developed in phases along with a floating storage and regasification unit to supply re-gasified LNG to the power project, Reliance Power said in a statement.
The land for the power project shall be provided by BPDB at appropriate locations. The FSRU terminal will be set up at Maheshkhali Island in Cox’s Bazar district of Bangladesh.
The project is in line with the Master Plan of 2010 for Bangladesh, under which BPDB envisages to develop a 3,000 MW LNG based power project so as to meet the growing power demand and supplement the domestic gas reserves in the country, according to the statement.
This project is also the largest foreign investment in Bangladesh with a potential investment of about US$3 bn in phases, the statement said.
Reliance Power is implementing a 2,400 MW gas based combined cycle power project at Samalkot in Andhra Pradesh.
The company is proposing to install the equipment procured for Samalkot project, including advanced class 9FA machines supplied by GE, in the proposed project at Bangladesh, under appropriate guarantees from GE and the other equipment suppliers. This will help set up the project on a fast-track basis.
Image: Reliance Power