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Reliance Power awards ₹5,000 crore EPC project to Reliance Infra

Anil Ambani-led Reliance Power, which is executing a $1 billion integrated LNG terminal and power project in Bangladesh with debt financing and partial risk guarantee of $583 million from Asian Development Bank, has awarded 𔜿,000 crore worth of EPC contract of the project to its parent firm Reliance Infrastructure, amounting to more than 77% of the project cost. “Reliance Infrastructure Limited (RInfra) has won two prestigious EPC contracts in Bangladesh together valued at 𔜿,000 crore. The projects were won on International Competitive Bidding (ICB),” said a statement from Reliance Infra, which owns 43% in Reliance Power.The first EPC contract includes setting up the entire infrastructure of a 750MW LNG-based combined cycle powe.....

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