Points to Remember:
- Anil Ambani’s Reliance Power has signed a partnership agreement with Japan’s JERA to set up a 750 megawatt, gas-based combined cycle power plant in Bangladesh.
- Reliance Power will hold a 51% stake while JERA will hold a 49% stake in the joint venture.
The deal will reduce Reliance Power’s debt by Rs 835 crore, payable to US-Exim Bank.
- The company signed power purchase agreement, land lease agreement and gas supply agreement with Bangladeshi government entities.
- The project agreements were signed with Bangladesh authorities
- During Prime Minister Narendra Modi’s Bangladesh visit in June 2015, Reliance Power had signed a memorandum of understanding for setting up a 3,000 MW gas-based, combined-cycle power project in phases in Bangladesh.
- Bangladesh, to the east of India on the Bay of Bengal, is a South Asian country marked by lush greenery and many waterways.
Its Padma (Ganges), Meghna and Jamuna rivers create fertile plains, and travel by boat is common.
- Capital: Dhaka
- Currency: Bangladeshi taka
- Prime minister: Sheikh Hasina
- President: Abdul Hamid
Important Possible questions based on above News:
- Who has signed a partnership agreement with Japan’s JERA to set up a 750 megawatt, gas-based combined cycle power plant in Bangladesh? Reliance Power
- Recently with whom Reliance Power signed a partnership agreement to set up a 750 megawatt, gas-based combined cycle power plant in Bangladesh? JERA
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