Reliance Infrastructure bags projects worth Rs 5,000 crore to set up LNG power plants in Bangladesh

Reliance Infrastructure (RInfra) has won two Engineering, Procurement and Construction (EPC) projects in neighbouring Bangladesh for setting up Liquefied Natural Gas (LNG) based power plant and LNG terminal plant.

The total value of these two projects combined is around Rs 5,000 crore.

The LNG based power plant will be of 750 MW at Meghnaghat in Dhaka, while the other project is for building 500 Million Standard Cubic Feet Per Day (MMSCFD) floating storage regasification unit based integrated LNG terminal at Kutubdia Island.

“Both the contracts are to be executed in a project schedule of 24 months, and are to be completed by 2019. The contracts for both the projects entail design, engineering, supply, transportation, erection, testing and commissioning processes. The integrated LNG terminal project works would include setting up jetty and onshore and offshore gas pipelines,” read RInfra’s announcement statement.

Commenting on the development, RInfra Chief Executive Officer of EPC, Arun Gupta said, “Our thrust on EPC has ensured the successful execution of all the EPC projects we have won. This power project win comes after winning an EPC order for Rs 3,675 crore from NLC India Limited for setting up two Lignite based Circulating Fluidised Bed Combustion Boiler Thermal Power Projects of capacity 250 MW each.”