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?

HDFC Bank
Reserve Bank of India
ICICI Bank
Asian Development Bank

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : Asian Development Bank

The correct answer is Asian Development Bank.

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.

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

4 views Answered 2022-09-04 04:29

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