Reliance Power, JERA achieve financial closure for project in Bangladesh
ANI |
Updated: Mar 04, 2021 17:21 IST
Mumbai (Maharashtra) [India], March 4 (ANI): Reliance Power and JERA Co Inc, which are developing a new gas-fired power generation project in Bangladesh, have achieved financial closure with a group of lenders that includes Japan Bank for International Cooperation and Asian Development Bank.
All requisite conditions for availing drawdown under the loan agreements have been satisfied, the Anil Ambani-controlled company said in a statement on Thursday.
The project is to build, own and operate a 745 megawatt natural gas combined-cycle power project at Meghnaghat in Narayanganj, about 40 km southeast of Dhaka.