RPower enters into partnership with JERA for Bangladesh CCPP

Reliance Power Limited (RPower) has signed a partnership agreement with the Japanese utility JERA for implementing a 750 MW combined cycle power project (CCPP) in Bangladesh. RPower will hold 51 per cent stake in the joint venture company while JERA will hold a 49 per cent stake. The transaction will result in a debt reduction of Rs 8.35 billion ($116 million) for RPower, payable to the US Exim Bank. The project would be developed on a build-own-operate model and is expected to entail an investment of $750 million. RPower would relocate one module of its CCPP at Samalkot in Andhra Pradesh for the Bangladeshi project.

GET ACCESS TO OUR ARTICLES

Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine