India’s Reliance Group ready to invest $3bn in Bangladesh energy sector

India’s Reliance Group is set to announce  that it is proposing to invest $3bn in a power plant and a floating LNG terminal in Bangladesh. Its chairman Anil Ambani is due to make the announcement at the Bangladesh Investment and Policy Summit 2016 in Dhaka next weekend
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 industry insiders. In June 2015 Reliance Power and its fellow Indian energy company Adani Power  signed deals with the  Bangladesh Power Development Board to invest a total of $5.5bn  with a view to generating  4,600 megawatts of electricity, but there has been no visible development in implementation of their investment plans so far.