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Which global institution has inked deal with Reliance Power for constructing power plant in Bangladesh?
A)
World Bank
B)
International Monetary Fund
C)
Asian Development Bank
D)
Asian Investment Infrastructure Bank

Correct Answer : Option (C) - Asian Development Bank


The Asian Development Bank (ADB) has signed a USD 200 million deal with the Reliance Bangladesh LNG and Power Limited (RBLPL).
Under the deal, Reliance power would build and operate a 718-megawatt combined-cycle power plant in Bangladesh. USD 100 million would be provided by the ADB while the other 100 million would be sourced from the Leading Asia’s Private Infrastructure Fund (LEAP) of Japan International Cooperation Agency.

Published On : July 18, 2021
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