Reliance Power has revealed its plans to set up a 750 MW gas-based combined cycle power project (phase-1) at Meghnaghat in Bangladesh, along with Japanese energy major JERA.
In a statement, Reliance Power said it will hold 51 per cent stake in the joint venture company, while JERA will hold 49 per cent stake.
It said: “Reliance Power signed a partnership agreement with JERA, one of the largest power utilities of Japan, for jointly setting up 750 MW gas-based combined cycle power project (phase-1) at Meghnaghat, Bangladesh.”
It may be recalled that Reliance Power, the power generation company of Reliance Group, had signed a memorandum of understanding (MoU), during the visit of Prime Minister Narendra Modi to meet Prime Minister of Bangladesh Sheikh Hasina at Dhaka in June 2015, for setting up 3,000 MW gas-based combined cycle power project in phases in Bangladesh.
Image Credit : img.etimg.com