Reliance Power inks pact with Japan’s JERA to set up 750 MW power project in Bangladesh
NEW DELHI: Reliance PowerNSE 0.00 % on Tuesday said it, along with Japanese energy major JERA, will jointly set up a 750 MW gas-based combined cycle power project (phase-1) at Meghnaghat in Bangladesh.
Reliance Power will hold 51 per cent stake in the joint venture company, while JERA will hold 49 per cent stake, the company said in a statement.
“Reliance Power signed a partnership agreement with JERA, one of the largest power utilities of Japan, for jointly setting up 750 MW gas-based combined cycle power project (phase-1) at Meghnaghat, Bangladesh,” the statement said.
The project agreements for phase-1 were signed with the authorities in Bangladesh on Sunday.
