ADB Funds $580 Million for Reliances Bangladesh Power Plant Project

The Asian Development Banks (ADB) Board of Directorsapproved debt financing and partial risk guarantees totalling $583 million to develop the Reliance Bangladesh Liquefied Natural Gas (LNG) and Power Project.
Sudha

Last Updated: Dec 05,2017 15:45 IST

ADB Funds $580 Million for Reliances Bangladesh Power Plant Project

ADB Funds $580 Million for Reliances Bangladesh Power Plant Project

05 December 2017 Current Affairs: The Asian Development Bank’s (ADB) Board of Directors approved debt financing and partial risk guarantees totalling $583 million to develop the Reliance Bangladesh Liquefied Natural Gas (LNG) and Power Project.
The financing package of ADB includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal and the power project, being set up for $1 billion.
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