Reliance Power has started the export of power equipment from its Samalkot project in Andhra Pradesh to its Bangladesh project, a move that will help the company pare debt of nearly Rs 1,500 crore. Reliance Power has sold the Module 1 of the gas-based power equipment, which has a capacity of 750 MW, to the Bangladesh project.
“These equipment are being exported from its Samalkot project. The process of exporting the equipment for the 750 MW LNG-based power project in Bangladesh is expected to be completed by the end of July 2021,” a senior official said. According to the senior company official, the sale of these equipment from the Samalkot to Bangladesh project will bring down Reliance Power’s US-EXIM debt by nearly Rs 1,500 crore.
