Reliance Power forms JV with Jera for 745 MW project in Bangladesh
March 04, 2021
To repay ₹3,000-crore debt by this month-end
Anil Ambani-led Reliance Power has formed a joint venture with Japan-headquartered Jera Co. Inc to develop a new gas-fired power generation project in Bangladesh.
The company has achieved financial closure for the project with a group of lenders including Japan Bank for International Cooperation and Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been achieved, said Reliance Power in a statement on Thursday.
The project is to build, own, and operate a 745-MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat near Dhaka.