Dhaka : Anil Ambani-led Reliance Power today said it will invest $3 billion to set up a mega power plant and a floating LNG import terminal in Bangladesh, which faces acute power shortages. Reliance Power will set up a 2-million-tonne-a-year floating LNG import terminal as well as 3,000 megawatt power plant, according to a memorandum […]
Day: June 6, 2015
Is $70 the new $100 for oil prices?
VIENNA: The Organization of the Petroleum Exporting Countries agreed to keep the oil pumping, with no change in its production quotas, at the group’s meeting here Friday. OPEC decided not to curb production even though oil prices are about 40 percent lower than a year ago. The meeting was the first since Saudi Arabia urged […]
Adani, Reliance to build power plants in Bangladesh
Dhaka : Adani Power and Reliance Power will build several plants in Bangladesh to produce up to 4,600 megawatts of electricity to ease the country’s prolonged power crisis, a senior official said on Saturday. Adani Power and Reliance Power signed separate memorandums of understanding with state-run Bangladesh Power Development Board (BPDB) on Saturday, as Prime […]