A- A A+
Last Updated : Aug 9 2020 10:20PM     Screen Reader Access
News Highlights
PM Modi launches financing facility of Rs 1 lakh cr under Agri-Infra Fund; Also releases 6th installment of Rs 17,000 cr to over 8.5 cr beneficiaries under PM-KISAN scheme            12 Islands of Andaman and Nicobar chosen for expansion of high impact projects, says Prime Minister            Defence Minister says, import embargo on 101 items to be introduced to boost indigenisation of defence production            Commerce and Industry Minister Piyush Goyal exhorts traders community to fully contribute towards Aatmanirbhar Bharat campaign            India touches a new peak of conducting over seven lakh tests of coronavirus samples in a single day; Recovery rate reaches 68.78%           

International News

Jul 31, 2020
8:46PM

ADB signs Dollar 200 million financing deal with Reliance for power plant in Bangladesh

FILE PIC
The Asian Development Bank (ADB) has signed a dollar 200 million financing deal with the Reliance Bangladesh LNG and Power Limited (RBLPL) to build and operate a 718 megawatt combined-cycle gas-fired power plant in Bangladesh. Announcing the deal in a press release on Friday, the ADB said that the project will ease ongoing energy shortages and drive further private sector investments in the country’s power sector.

A combined-cycle power plant is a relatively more efficient way of producing electricity. It uses both a gas and a steam turbine together to produce up to 50 percent more electricity from the same fuel than a traditional simple-cycle plant.

The financing deal has two components of dollar 100 million each. While ADB will provide dollar 100 million, it will also administer the other part worth dollar 100 million from the Leading Asia’s Private Infrastructure Fund (LEAP). 

LEAP was set up in 2016 with a dollar 1.5 billion capital commitment for the Japan International Cooperation Agency (JICA). 
The plant is proposed to be located on land allotted by Bangladesh Power Development Board (BPDB), in Meghnaghat, Narayanganj District near Dhaka. 

The power plant will reduce dependence of Bangladesh on electricity imports. It will also reduce the share of environmentally harmful and expensive fuels like coal and oil in the energy mix of the country.

   Related News

Live Twitter Feed

Listen News

Morning News 9 (Aug) Midday News 9 (Aug) Evening News 9 (Aug) Hourly 9 (Aug) (1800hrs)
समाचार प्रभात 9 (Aug) दोपहर समाचार 9 (Aug) समाचार संध्या 9 (Aug) प्रति घंटा समाचार 9 (Aug) (2200hrs)
Khabarnama (Mor) 9 (Aug) Khabrein(Day) 9 (Aug) Khabrein(Eve) 9 (Aug)
Aaj Savere 9 (Aug) Parikrama 9 (Aug)

Listen Programs

Market Mantra 9 (Aug) Samayki 9 (Aug) Sports Scan 23 (Mar) Spotlight/News Analysis 9 (Aug) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 8 (Aug) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 8 (Aug)
  • Money Matters 22 (Mar)
  • International News 22 (Mar)
  • Press Review 23 (Mar)
  • From the States 23 (Mar)
  • Let's Connect 22 (Mar)
  • 360°- Ek Parivesh 23 (Mar)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 22 (Mar)
  • Sanskriti Darshan 23 (Mar)
  • Fit India New India 23 (Mar)
  • Weather Report 21 (Mar)
  • North East Diaries 22 (Mar)
  • 150 Years of Bapu 22 (Mar)
  • Sector Specific Discussions 22 (Mar)