ADB Funds $580 Million for Reliances Bangladesh Power Plant Project

Posted on:05 Dec 2017 15:45:36
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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