Anil Ambani Group to invest $ 3 bn in B’desh

Anil Ambani-led Reliance Power on Saturday signed an agreement to invest USD 3 billion in setting up a mega power plant and a floating LNG import terminal in Bangladesh which faces acute power shortages. Reliance Power will set up a 2 million tonnes a year floating LNG import terminal as well as 3,000 megawatt power plant, according to an MoU signed by Sameer Gupta, Executive Vice President of Reliance Power, during PM Modi' two-day visit. It will use the equipment it had contracted for its Samalkot project in Andhra Pradesh.