SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Power executes project pact with BPDB for Phase - I of LNG based power project

10 Apr 2017 Evaluate

Reliance Power has executed project agreements with Bangladesh Power Development Board (BPDB) for Phase - I of 750 MW LNG based combined cycle power project at Meghnaghat, near Dhaka in Bangladesh which include Power Purchase Agreement (PPA) and Implementation Agreement (IA).

A Memorandum of Understanding (MoU) has also been signed with PetroBangla to set up 500 mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh. The definitive agreements for setting up the LNG terminal will be executed with PetroBangla shortly. Full LNG terminal capacity will be used by PetroBangla to meet huge demand for power and other industries and replace costly and highly polluting fuels.

Reliance Power will install world-class equipment procured from intemationally reputed original equipment manufacturers previously for its 2,250 MW combined cycle power project at Samalkot in Andhra Pradesh, India, which will be relocated to Bangladesh in a phased manner.

Reliance Power had signed an MoU on June 6, 2015 with the Bangladesh Power Development Board (BPDB), Government of Bangladesh (GoB) to set up the integrated project.

Phase - I will have an investment outlay of nearly $1 billion which is the largest foreign direct investment in Bangladesh. Financing of the project is under consideration of Asian Development Bank (ADB) and a consortium of lenders.

Reliance project will give a tremendous boost to the economic and industrial growth of Bangladesh and help to enhance the energy security with clean, green and reliable LNG based power.

Reliance Power Share Price

26.19 -0.27 (-1.02%)
23-Jun-2026 10:25 View Price Chart
Peers
Company Name CMP
NTPC 366.60
Tata Power 401.60
Power Grid Corp 291.10
Adani Power 231.85
Torrent Power 1466.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: