Reliance Power has signed a memorandum of understanding (MoU) with Bangladesh Power Development Board (BPDB) to develop 3,000MW liquefied natural gas (LNG)-based combined cycle power project in Bangladesh.
Under the terms of the MoU, the company will also develop a floating storage and re-gasification unit (FSRU)-based LNG terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.
The terminal will supply re-gasified LNG 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.