Anil Ambani Group firm Reliance Power and Adani Group are set to sign pacts to invest nearly $5 billion to set up two power plants in Bangladesh during Prime Minister Narendra Modi's visit here on Saturday.
The two groups will sign separate MoUs with Bangladesh's Power Development Board, sources said. Reliance Power will set up a 3,000 megawatt power plant based on imported lNG at an invetment of about $ 3 billion. Adani would set up a 1,600 MW coal-fired power plant at Maheshkhali at an investment of $2 billion.