ADB approves $583 million loan facility to Reliance Power project

ADB has approved a loan package of $583 million for developing Reliance Power Limited’s liquefied natural gas (LNG) terminal along with a 750 MW power project in Bangladesh. The package includes loans and partial risk guarantees for both projects. The power project is being developed in Meghnaghat whereas the LNG terminal is being constructed near Kutubdia island, south of Chittagong. The two projects are expected to increase power generation significantly and augment the energy infrastructure in Bangladesh.