JERA Meghnaghat Power Limited

JERA Meghnaghat Power Limited (the Company) is a 100% foreign-owned company incorporated in Bangladesh for setting up a 718 MW (net) gas fired combined cycle power project at Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka. The Company is co-owned by JERA Co. Inc. (the largest power generation company in Japan, producing one third of Japans electricity) and Reliance Power Limited (one of the largest private generation companies in India). The electricity generated will be sold under a long-term power purchase agreement with the Bangladesh Power Development Board (BPDB) for a period of 22 years from the start of commercial operation. The Project will be set up on a 35-acre plot of land within Meghnaghat Complex of BPDB. The Project has recently secured approval for full debt financing of US$ 642 million from a consortium of development financial institutions and international banks including Asian Development Bank, Japan Bank for International Cooperation ...