Bangladesh signs deal with Reliance Power to buy electricity for 22 years

Bangladesh has signed an agreement to buy 718 megawatts of electricity from India's Reliance Power over the next 22 years, the company said on Sunday. Reliance plans to invest about $1 billion to set up a local plant by 2022 to provide the electricity.

The plant will be built at Meghnaghat in Narayanganj, over 20 km southeast of the capital Dhaka, according to a project report seen by Reuters at an event held to close the deal. The combined-cycle power plant will be fueled by gas and regasification liquefied natural gas and.

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