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Reliance, Jera Achieve Financial Closure for Bangladesh CCGT


Reliance, Jera Achieve Financial Closure for Bangladesh CCGT
Mar 5, 2021 3:09:am
Summary
The project is to build, own and operate a 750-MW combined-cycle gas turbine (CCGT) power plant at Meghnaghat near Dhaka.
by: Shardul Sharma
Posted in:
Reliance, Jera Achieve Financial Closure for Bangladesh CCGT
India’s Reliance Power and Japan’s Jera have achieved financial closure for their proposed gas-fired power generation project in Bangladesh, the Indian company said on March 4.  
The Reliance-Jera joint venture has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation and Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been satisfied, the company said.  ....

South Korea , Andhra Pradesh , Japan Bank , Us Exim Bank , Bangladesh Power Development Board , International Cooperation , Asian Development Bank , Titas Gas , Samalkot Power , Reliance Power , Japan Bank For International Cooperation , Export Import Bank Of The Us , Gas Turbine , Bangladesh Power , Gas Fired Power Generation Project , Gas Supply Agreement , Samsungc Amp T , Exim Bank , Us Exin Bank , Gas Supply , தெற்கு கொரியா , ஆந்திரா பிரதேஷ் , ஜப்பான் வங்கி , எங்களுக்கு எக்ஷீம் வங்கி , பங்களாதேஷ் பவர் வளர்ச்சி பலகை , சர்வதேச ஒத்துழைப்பு ,

Reliance Power-JERA JV achieves financial closure for 745 megawatts-Bangladesh unit


Reliance Power-JERA JV achieves financial closure for 745 megawatts-Bangladesh unit
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Synopsis
In 2019, Reliance Power announced a debt-restructuring deal with US Exim Bank for its Samalkot project in Andhra Pradesh, which was rendered defunct due to lack of gas supply to it. The company decided to relocate the equipment from the project to Bangladesh and subsequently, inducted the Japanese utility as a partner for developing the 750 mw-gas based combined cycle power project.
Reuters
Anil Ambani-led
Reliance Power said Thursday that the company, along with partner JERA of Japan, has achieved financial closure for its 745 megawatts (mw) Bangladesh unit by tying up funds with a group of lenders that includes Japan Bank for International Cooperation (JBIC) and Asian Development Bank (ADB). ....

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Gov. Obaseki reiterates commitment to boost agriculture sector


By EricJames Ochigbo
Abuja, Jan. 21, 2021 Gov. Godwin Obaseki of Edo, says the focus of his administration is to attract investors into the oil palm and cassava sub-sectors for the manufacturing of Consumer Packaged Goods (CPG).
Obaseki stated this during a virtual meeting with U.S. Ambassador to Nigeria, Mary Beth Leonard, and some foreign and local agribusiness investors in Abuja.
Also in attendance included the U.S. Consul General, Claire Pierangelo, U.S. Embassy Economic Officer, Richard Michaels, and U.S. Embassy Political Officer, Brandon Hudspeth.
The meeting was held as part of the activities marking the inauguration of the new U.S. President, Joe Biden, and Vice-President, Kamala Harris. ....

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How Joe Biden can revamp US-Africa policy with an eye on China


How Joe Biden can revamp US-Africa policy with an eye on China
Quartz
1/22/2021
© Provided by Quartz
Across the world, both allies and adversaries of the US offered congratulations and extended well wishes to the incoming president. Donald Trump’s departure from leadership was met with a collective sigh of relief, for rarely has the US been such an unpredictable, capricious, and destabilizing global force.
Across Africa we felt the impact of the Trump administration. Two years into his presidency, president Trump still did not have ambassadors in almost half of the countries on the continent. In Washington, everyone knows that “personnel is policy”, so while the absence of key personnel in Africa was partly due to the uncommon incompetence of the Trump administration, it was equally a statement of the lack of importance attached to the portfolio. ....

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