JERA Nears Completion Of 718MW Power Plant Project At Meghnaghat

Japan's JERA has invested US$1.0 billion in its 718 MW power plant at Meghnaghat, Narayanganj, Bangladesh.

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Taking over from Reliance Power in 2019, JERA is in the process of commissioning Bangladesh's largest gas-based IPP.

The project has received loan funding from development finance institutions including Japan Bank for International Cooperation and Asian Development Bank. The other banks providing loans to the project are Mizuho Bank, SMBC, MUFG, Societe Generale, backed by Nippon Export and Investment Insurance. The project secured major equipment from General Electric (GE) and Samsung C&T Corporation, and built under an Engineering, Procurement, & Construction contract.

Project to commence commercial operations