Two leading Indian power firms will build several plants in Bangladesh to produce up to 4,600 megawatts of electricity, a senior official said on Saturday.
Adani Power Limited of India and Reliance Power Limited of India signed separate memorandums of understanding with state-run Bangladesh Power Development Board (BPDB) on Saturday, as Indian Prime Minister Narendra Modi began a two-day state visit.
“Reliance Power and BPDB today signed a MOU to develop four units of power plants to produce 3,000 MW of electricity with a cost of $3 billion,” the company said in a statement. The plants will burn natural gas.