India's Reliance Group Plans Four LNG Based Power Plants in Bangladesh

Anil Ambani led Reliance Group has shown interest in setting up four LNG based power plants in Bangladesh, United News of Bangladesh (UNB) reported Friday.

The Indian firm has proposed to invest $3 billion to set up the four power plants which will have a combined generating capacity of 3,000 megawatt.

"Initially the Reliance Group will invest $1.5 billion and it would be gradually doubled," Prime Minister's Energy Advisor Dr Tawfiq-e-Elahi told journalists on Thursday, reported UNB.

A meeting to undertake coordinated steps to examine the proposal was held at the PMO today with Dr Tawfiq-e-Elahi in the chair.

There are two proposed locations--one in Moheshkhali and another in Meghnaghat--to set up the power plants.

Reliance Group will build a floating LNG terminal and will import LNG to supply it to the power plants.