Indian private energy groups Reliance Power and Adani Power have committed an estimated combined investment of US$4.5bn in the development of energy infrastructures in Bangladesh. The two companies have signed an agreement with national power utility Bangladesh Power Development Board (BPDB) for the development of an LNG floating storage and regasification unit (FSRU) near Cox's Bazar (Maheshkhali district in Bangladesh), that would fuel a proposed 3,000 MW LNG-fired power plant. Reliance Power would use GE equipments imported for a 2.4 GW power project in Samalkot (Andhra Pradesh, India) that was scrapped in the absence of allocation of gas from Reliance Industries's Andhra offshore field. Another 600 MW unit would be added later to reach 3 GW. Adani Group has also signed a deal for the development of a coal-fired power plant in Bangladesh.
In 2014, Bangladesh had an installed capacity of more than 10 GW, of which only 7 GW was available, leading to daily shortfall of about 1.5 GW. The country plans to add new capacities to reach 24 GW by 2021 and 40 GW by 2030.
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