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Reliance Power, JERA sign loan agreement for project in Bangladesh

31 Jul 2020 Evaluate
Reliance Power and JERA Co Inc, which are developing a new gas-fired power generation project in Bangladesh, have signed a loan agreement for full financing totaling 642 million dollars with a group of banks that includes the Japan Bank for International Cooperation (JBIC). 

JERA is the largest power generation company in Japan. The project is to build, own and operate a 745-megawatt natural gas combined-cycle power project at Meghnaghat in Naranganj, about 40 km southeast of Dhaka.

Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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