Indian Reliance to unveil $3.0bn investment plan for Bangladesh

[BDforever]

Dhaka, Bangladesh (BBN)– India’s Reliance Group is likely to announce its proposed investment worth US$ 3.0 billion in the energy sector of Bangladesh on Sunday.
The Indian business group wants to set up a large power plant and a floating LNG terminal in Bangladesh, industry insiders said.
Reliance chairman Anil Dhirubhai Ambani is due to make the announcement at the Bangladesh Investment and Policy Summit 2016 that begins in the capital Dhaka on the day.
Prime Minister Sheikh Hasina is scheduled to inaugurate the summit formally at hotel Radisson Blue Water Garden in the morning.
The largest private power group of India has already proposed to invest in the largest integrated LNG-based combined-cycle power plant in Bangladesh with a capacity of 3,000 megawatts along with LNG (liquefied natural gas) facilities.
The integrated project will be an important milestone in Bangladesh’s quest for energy security by delivering clean, green and reliable power and will generate more than 5,000 jobs, according to the industry insiders.
Two Indian conglomerates — Reliance Power Ltd and Adani Power Ltd — signed separate deals with Bangladesh Power Development Board June 2015 to invest US$5.5 billion to generate 4,600 megawatts of electricity.
But there is no visible development in implementation of their investment plan so far, officials observed.

Under the circumstances, the arrival of Indian business-magnate duo Anil Ambani and Adani Group chairman Gautam Adani makes both government and investors enthusiastic. They are supposed to make some announcements regarding progress in their investment process.
About 2,000 local and foreign participants from more than two dozen countries, including the UK, Japan, China, India, Germany, France, Belgium, the Netherlands, Singapore, Malaysia, Indonesia, Thailand, Kuwait and Qatar, will attend the programme, according to the organisers.
The Board of Investment (BoI), the apex investment-promotion agency of the government, BUILD (Business Initiative Leading Development) and prime minister’s office (PMO) are jointly organising the two-day summit with a view to showcasing private invest opportunities in key sectors and attracting new investments in Bangladesh

source: http://businessnews-bd.com/indian-reliance-to-unveil-3-0bn-investment-plan-for-bangladesh/

 

[Nilgiri]

Welcome development. Over how many years will this investment be spread?

 

[Bilal9]

Dhaka, Bangladesh (BBN)– India’s Reliance Group is likely to announce its proposed investment worth US$ 3.0 billion in the energy sector of Bangladesh on Sunday.
The Indian business group wants to set up a large power plant and a floating LNG terminal in Bangladesh, industry insiders said.
Reliance chairman Anil Dhirubhai Ambani is due to make the announcement at the Bangladesh Investment and Policy Summit 2016 that begins in the capital Dhaka on the day.
Prime Minister Sheikh Hasina is scheduled to inaugurate the summit formally at hotel Radisson Blue Water Garden in the morning.
The largest private power group of India has already proposed to invest in the largest integrated LNG-based combined-cycle power plant in Bangladesh with a capacity of 3,000 megawatts along with LNG (liquefied natural gas) facilities.
The integrated project will be an important milestone in Bangladesh’s quest for energy security by delivering clean, green and reliable power and will generate more than 5,000 jobs, according to the industry insiders.
Two Indian conglomerates — Reliance Power Ltd and Adani Power Ltd — signed separate deals with Bangladesh Power Development Board June 2015 to invest US$5.5 billion to generate 4,600 megawatts of electricity.
But there is no visible development in implementation of their investment plan so far, officials observed.

Under the circumstances, the arrival of Indian business-magnate duo Anil Ambani and Adani Group chairman Gautam Adani makes both government and investors enthusiastic. They are supposed to make some announcements regarding progress in their investment process.
About 2,000 local and foreign participants from more than two dozen countries, including the UK, Japan, China, India, Germany, France, Belgium, the Netherlands, Singapore, Malaysia, Indonesia, Thailand, Kuwait and Qatar, will attend the programme, according to the organisers.
The Board of Investment (BoI), the apex investment-promotion agency of the government, BUILD (Business Initiative Leading Development) and prime minister’s office (PMO) are jointly organising the two-day summit with a view to showcasing private invest opportunities in key sectors and attracting new investments in Bangladesh

source: http://businessnews-bd.com/indian-reliance-to-unveil-3-0bn-investment-plan-for-bangladesh/

Excellent news. Power sector always needs investment and the demand for power is unending...

 

[BDforever]

Welcome development. Over how many years will this investment be spread?

No details yet

 

[tsinga]

That is quite a big investment.

 

[Mirza Jatt]

good for them.

 

[asad71]

And who does not know that Reliance is a major commercial arm of RAW?

 

[livingdead]

And who does not know that Reliance is a major commercial arm of RAW?

reliance owns govt not the other way around.. lol. They are a big corporate house in bed with politicians, not intelligence agencies.... do you even think before you speak?

 

[asad71]

That's rig

reliance owns govt not the other way around.. lol. They are a big corporate house in bed with politicians, not intelligence agencies.... do you even think before you speak?

That's right. Your RAW actually owns GOI.

 

[livingdead]

That's rig

That's right. Your RAW actually owns GOI.

no.. reliance and other industry interests own the govt.. RAW is a govt funded org, not self funded by industries... in other words reliance owns govt and govt owns raw...
the way you said reliance merely is a front of RAW(no real business), it would have been more accurate to say govt of India and by its extension agencies do the bidding of rich industrialists (a problem in USA too). do you understand the difference?

 

[Nilgiri]

reliance owns govt not the other way around.. lol. They are a big corporate house in bed with politicians, not intelligence agencies.... do you even think before you speak?

You are talking to a conspiracy theorist that has fled the SHW govt.

Please do not expect any level of reasonable educated response.

 

[livingdead]

You are talking to a conspiracy theorist that has fled the SHW govt.

Please do not expect any level of reasonable educated response.

hmm I can understand why he and other bangladeshis are afraid.. hasina's regime is actually quite oppressive to opposition... a product of oppressive regime easily believe in conspiracy theories.. many of the things he says is right but only has partial picture... like a blind man holding elephant's tail..

 

[Nilgiri]

hmm I can understand why he and other bangladeshis are afraid.. hasina's regime is actually quite oppressive to opposition... a product of oppressive regime easily believe in conspiracy theories.. many of the things he says is right but only has partial picture... like a blind man holding elephant's tail..

A broken clock is right twice a day

Excellent news. Power sector always needs investment and the demand for power is unending...

Bro, can you tell me if B'desh is suffering load shedding, power cuts for any of its residential areas, cities, industries etc?

Another member said that this is now not a problem (in another thread), but I found an article covering an ADB loan from 2014 that intended to help address this problem.....so I was wondering what you know/have heard about this.

 

[asad71]

no.. reliance and other industry interests own the govt.. RAW is a govt funded org, not self funded by industries... in other words reliance owns govt and govt owns raw...
the way you said reliance merely is a front of RAW(no real business), it would have been more accurate to say govt of India and by its extension agencies do the bidding of rich industrialists (a problem in USA too). do you understand the difference?

RAW has developed own finances said to be huge. With these it supports commercial firms at home and globally. These then work as RAW's tentacles. Similarly RAW has geographical coverage of entire SA and vital global locations. This is not difficult using the huge Indian diaspora. Political parties and politicians in India and elsewhere are also covered. We know the situation in BD quite well. In India they have people everywhere, and that includes Pranab Mukharjee who has been with them for decades. In short it is RAW which controls the air, water and land in India. For instance, only RAW can order border firing on our frontiers to stop; none else. The worst outcome is that RAW has been taken over by Hindu extremist elements.

 

[naveen mishra]

Dhaka, Bangladesh (BBN)– India’s Reliance Group is likely to announce its proposed investment worth US$ 3.0 billion in the energy sector of Bangladesh on Sunday.
The Indian business group wants to set up a large power plant and a floating LNG terminal in Bangladesh, industry insiders said.
Reliance chairman Anil Dhirubhai Ambani is due to make the announcement at the Bangladesh Investment and Policy Summit 2016 that begins in the capital Dhaka on the day.
Prime Minister Sheikh Hasina is scheduled to inaugurate the summit formally at hotel Radisson Blue Water Garden in the morning.
The largest private power group of India has already proposed to invest in the largest integrated LNG-based combined-cycle power plant in Bangladesh with a capacity of 3,000 megawatts along with LNG (liquefied natural gas) facilities.
The integrated project will be an important milestone in Bangladesh’s quest for energy security by delivering clean, green and reliable power and will generate more than 5,000 jobs, according to the industry insiders.
Two Indian conglomerates — Reliance Power Ltd and Adani Power Ltd — signed separate deals with Bangladesh Power Development Board June 2015 to invest US$5.5 billion to generate 4,600 megawatts of electricity.
But there is no visible development in implementation of their investment plan so far, officials observed.

Under the circumstances, the arrival of Indian business-magnate duo Anil Ambani and Adani Group chairman Gautam Adani makes both government and investors enthusiastic. They are supposed to make some announcements regarding progress in their investment process.
About 2,000 local and foreign participants from more than two dozen countries, including the UK, Japan, China, India, Germany, France, Belgium, the Netherlands, Singapore, Malaysia, Indonesia, Thailand, Kuwait and Qatar, will attend the programme, according to the organisers.
The Board of Investment (BoI), the apex investment-promotion agency of the government, BUILD (Business Initiative Leading Development) and prime minister’s office (PMO) are jointly organising the two-day summit with a view to showcasing private invest opportunities in key sectors and attracting new investments in Bangladesh

source: http://businessnews-bd.com/indian-reliance-to-unveil-3-0bn-investment-plan-for-bangladesh/

but i am surprise Bangladesh big business group like KDS ,PHP, abul kher are not trying their luck in energy