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Reliance Power and JERA Global Markets signs Agreement with Group of Banks

Published on August 02, 2020
Current Context: Reliance Power and JERA (Japanese major energy company) have together signed an agreement with the group of banks to provide funds to their new gas-fired thermal power generation project.
Reliance Power and JERA Global Markets signs Agreement with Group of Banks

  • The thermal power generation project will be developed in Bangladesh by Reliance on power and JERA.
  • Both entities will be developing 745MW gas-fired thermal power generation project at Meghnaghat in Bangladesh.
  • Under this agreement, the group of banks will be providing a loan of Rs 4798 crore to both entities.
  • Static Part: 
    • HQ of Reliance Power: Mumbai
    • HQ of Jera: Tokyo, Japan

Question: 

Q.1 Reliance Power and JERA will be developing a thermal power project in which country?
a. Bangladesh
b. India
c. China
d. South Africa
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