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Reliance Power, Adani to invest USD 5 billion in Bangla power plants

Anil Ambani Group firm Reliance Power and Adani Group are set to sign agreements to invest nearly USD 5 billion to set up two power plants in Bangladesh during Prime MinisterNarendra Modi’s visit here tomorrow.

The two groups will sign separate MoUs with Bangladesh’s Power Development Board, sources said.

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Reliance Power will set up a 3,000 megawatt power plant based on imported LNG at an invetment of about USD 3 billion. Adani Group would set up a 1,600 MW coal-fired power plant at southern Bangladesh island of Maheshkhali at an investment of USD 2 billion.

Bangladesh faces acute power shortage and the two plants will help partly mitigate shortfalls.


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