Reliance Power up 1%, signs agreements for 750MW power project in Bangladesh

Photo: Moneycontrol

New Delhi, India (BBN) – Shares of India’s Reliance Power added more than 1 per cent intraday Tuesday as it has signed agreements with Bangladesh Power Development Board.
The company has signed agreements with Bangladesh Power Development Board (BPDP) for phase I of 750 MW LNG based combined cycle power project at Meghnaghat near Dhaka in Bangladesh, reports Money Control.
These agreements include a power purchase agreement (PPA) and implementation agreement (IA) for the proposed integrated combined cycle power project.
The company has also signed a MoU with PetroBangla for setting up a 500-mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh.
At 11:23 hrs Reliance Power was quoting at Rs 49, up Rs 0.05, or 0.10 per cent on the BSE.
BBN/SK/AD

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