{"id":290237,"date":"2019-09-03T11:44:50","date_gmt":"2019-09-03T11:44:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=290237"},"modified":"2019-09-03T11:44:50","modified_gmt":"2019-09-03T11:44:50","slug":"reliance-power-inks-pact-with-japans-jera-to-set-up-750-mw-power-project-in-bangladesh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-power-inks-pact-with-japans-jera-to-set-up-750-mw-power-project-in-bangladesh\/","title":{"rendered":"Reliance Power inks pact with Japan&#8217;s JERA to set up 750 MW power project in Bangladesh"},"content":{"rendered":"<p>Reliance Power on Tuesday said it has signed a partnership agreement with Japanese energy major JERA for jointly setting up 750 mega watt (MW) gas-based combined cycle power project (phase-1) at Meghnaghat, Bangladesh. <\/p>\n<p>&#8220;Reliance Power will hold 51 per cent stake, while JERA will hold 49 per cent stake in the joint venture company,&#8221; Reliance Power said in a regulatory filing. Reliance Power said the transaction will result in debt reduction for Reliance Power of Rs 835 crore (USD 116 million) payable to US-Exim. <\/p>\n<p>The project will be set up within 36 months of signing the agreements, the company added. &#8220;This joint venture project will give a tremendous boost to the economic and industrial growth of Bangladesh and will enhance the energy security of the country with clean, green and reliable LNG-based power,&#8221; Reliance Group of Companies Chairman Anil D Ambani said.<\/p>\n<p>Shares of Reliance Power were trading 6.48 per cent higher at Rs 3.45 apiece on BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Power on Tuesday said it has signed a partnership agreement with Japanese energy major JERA for jointly setting up 750 mega watt (MW) gas-based combined cycle power project (phase-1) at Meghnaghat, Bangladesh. &#8220;Reliance Power will hold 51 per cent stake, while JERA will hold 49 per cent stake in the joint venture company,&#8221; Reliance Power said in a regulatory filing. Reliance Power said the transaction will result in debt reduction for Reliance Power of Rs 835 crore (USD 116 million) payable to US-Exim. The project will be set up within 36 months of signing the agreements, the company added. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-290237","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=290237"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290237\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=290237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=290237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=290237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}