Adani Green Energy’s US$362.5m offshore 144A/Reg S bond issue has been priced at 4.625%, inside 5% guidance price. The 20-year bonds have a weighted average (WAL) life of 13.47 years.
JERA of Japan and Reliance Power (RPower) of India have appointed Samsung C&T as the engineering, procurement and construction (EPC) contractor for Reliance Bangladesh LNG & Power, the special purpose vehicle set up to develop a 718MW combined-cycle power plant project.
The government has told its offices to install rooftop solar during the next four years as part of its move to encourage use of solar energy. It hopes to entice the private sector to do the same.
Bangladesh’s North-West Power Generation and China National Machinery Import and Export Group (CMC) have set up project company Bangladesh-China Renewable Energy to develop up to 500MW of renewable energy by 2023.