ADB approves $583 mn loan to Reliance Power project

ADB approves $583 mn loan to Reliance Power project

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Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totaling $583 million to develop Reliance Power‘s 750 MW LNG Based Combined Cycle Power plant and LNG Terminal Project in Bangladesh.

The project will significantly increase power generation and improve energy infrastructure in Bangladesh.

“Reliance Power has achieved a major and important milestone of approval of financing for its landmark Project in Bangladesh. ADB’s leadership in financing will help us to develop this clean and reliable LNG –based power project in Bangladesh,” said Venugopala Rao, CEO.