Reliance Power (RPower) and JERA joint venture project company said on Thursday it has achieved the financial closure for phase-1 of 745 MW gas based combined cycle power project in Meghnaghat, Bangladesh with group of lenders —Japan Bank of International Cooperation (JBIC), and Asian Development Bank (ADB).
“All requisite conditiins for availing the drawdown under the loan agreements have been satisfied,” RPower said in a statement.
Subsequently, RPower’s wholly owned subsidiary Samalkot Power has received the approval from the US Export Import Bank to sell one module of equipment (Module 1) to Samsung C&T Corporation of South Korea, who is the EPC contractor for the project, for around Rs 1,540 crore.
