Which of the following banks signed a $ 200 million financing deal with the Reliance Bangladesh LNG and Power Plant to build and operate a 718-megawatt combined-cycle gas-fired power plant in Bangladesh?

Which of the following banks signed a $ 200 million financing deal with the Reliance Bangladesh LNG and Power Plant to build and operate a 718-megawatt combined-cycle gas-fired power plant in Bangladesh? Correct Answer Asian Development Bank

The correct answer is Asian Development Bank.

Key Points

  • Asian Development Bank (ADB) has signed a $200 million financing package with Reliance Bangladesh LNG and Power Limited (RBLPL) to build and operate a 718MW gas-fired power plant in Bangladesh.
  • Reliance Bangladesh LNG & Power is a 51:49 joint venture between Anil Dhirubhai Ambani Group’s Reliance Power and Japan’s JERA Co Inc.
  • The assistance comprises a $100 million loan from ADB and a further $100 million loan from Leading Asia's Private Infrastructure Fund (LEAP), which will be administered by ADB.
  • The project is co-financed by the Japan Bank for International Cooperation as well as four commercial banks, with insurance for the commercial banks provided by Nippon Export and Investment Insurance.​

Additional Information

  • The Asian Development Bank (ADB) was established in 1966.
  • It aids members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
  • Its chairmanship is always given to Japan and 3 deputy chairmen belong to the USA, Europe, and Asia.
Headquarter  Manila, Philippines
President  Masatsugu Asakawa
Bissoy MCQ

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