Reliance Power awards Rs 5,000 cr Bangladesh project to Reliance Infrastructure

Reliance Infrastructure Limited said it won two constructiong contracts in Bangladesh together valued at Rs. 5,000 crore.

The contracts arer for creating a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia Island, both in Bangladesh.

The announcement comes a day after group entity Reliance Power said it won the backing of Asian Development Bank for the above two projects.

“The Board of Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling USD 583 million (approx Rs 3,748 crore) for 750 MW LNG based combined cycle power plant and LNG Terminal project being developed by the company’s subsidiaries in Bangladesh,” the company said on Tuesday.

The projects seem to have been entrusted to Reliance Infrastructure for implementation.

Both the contracts are to be executed in a project schedule of 24 months, and are to be completed by 2019.

The contracts for both the projects entail design, engineering, supply, transportation, erection, testing and commissioning processes. The integrated LNG terminal project works would include setting up jetty and onshore and offshore gas pipelines, the company said.

“This power project win comes after winning an EPC order for Rs. 3,675 crore from NLC India Limited for setting up two Lignite based CFBC Thermal Power Projects of capacity 250 MW each,” said RInfra CEO EPC Arun Gupt.

“RInfra EPC Division has also been shortlisted for prestigious projects like the Bandra-Versova Sea Link, Mumbai Coastal Road, and the Mumbai-Nagpur Expressway,” he added.

Both Reliance Power and Reliance Infrastructure are part of the Anil Ambani group.