Reliance signs MoU to develop 3,000MW power plant in Bangladesh

Reliance Power has signed a memorandum of understanding (MoUA memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement...) with Bangladesh Power Development Board (BPDB) to develop 3,000MW liquefied natural gas (LNGLiquefied natural gas is natural gas that has been converted to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state....)-based combined cycle power project in Bangladesh.

Under the terms of the MoUA memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement..., the company will also develop a floating storage and re-gasification unit (FSRU)-based LNGLiquefied natural gas is natural gas that has been converted to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state.... terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.

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The terminal will supply re-gasified LNGLiquefied natural gas is natural gas that has been converted to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state.... to the power plant, which will help meet clean and green power demand in the region.

BPDB will provide land required for the project.

The $3bn project is a part of the Bangladesh’s 2010 Master Plan, and complements the domestic gas reserves in the country.

Reliance Power is currently developing a 2,400MW gas-based combined cycle project at Samalkot in the Indian state of Andhra Pradesh with the equipment already procured from international suppliers.

For the proposed project in Bangladesh, Reliance is planning to install the equipment procured for Samalkot project, including GE-developed class 9FA machines.

http://www.energy-business-review.com/news/reliance-signs-mou-to-develop-3000mw-power-plant-in-bangladesh-080615-4594697

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