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Company Profile

Reliance Bangladesh LNG & Power Ltd (the “Company”) is a 100% foreign-owned special purpose company incorporated in Bangladesh as per the Companies Act 1994, to Build Own and Operate 718 MW (net) gas fired combined cycle power plant at Meghnaghat, Narayanganj, Bangladesh (the “Project”).

On 01 September 2019, the Company signed the Power Purchase Agreement (PPA) and Land Lease Agreement (LLA) with Bangladesh Power Development Board (BPDB), Implementation Agreement (IA) with Ministry of Power, Energy & Mineral Resources and Gas Supply Agreement (GSA) with Titas Gas Transmission & Distribution Company Limited (Titas), together called as the Project Agreements for setting up the Project.

The Company has secured approval from Bangladesh Investment Development Authority (BIDA) for full debt financing of US$ 642 million from a consortium of reputed banks and financial institutions including Asian Development Bank, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, Mizuho Bank Ltd., Société Générale, MUFG Bank and Sumitomo Mitsui Banking Corporation.

The Company is having its registered office at Gulshan, Dhaka.

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