Adani, Reliance Power invest in Bangladesh

OREANDA-NEWS. June 10, 2015. Indian private-sector utilities Adani Power and Reliance Power plan to spend a combined \\$4.5bn on gas and coal-fired power projects in Bangladesh.

Reliance Power plans to set up a 3,000MW power plant running by imported LNG, while Adani will build a 1,600MW coal-fired power plant. Reliance plans a floating LNG import and regasification unit to import gas for its power plant.

Both companies will sell the electricity to state-run Bangladesh Power Development Board, which faces a daily shortage equivalent to 1,500MW of installed generation capacity.

The agreements coincided with Indian prime minister Narendra Modi's weekend visit to its south Asian neighbour. Bangladesh plans to double its electricity imports from India equivalent to 11,000MW within three years.