CURRENT AFFAIRS

Detailed explanation-1: -The government of Bangladesh on Sunday signed an agreement with Reliance Power of India to set up 750 MW gas-based power plant in Meghnahat near Dhaka.

Detailed explanation-2: -The project is still under construction. As of the end of December 2021, an overall progress of 74.3% had been achieved by the EPC Contractor, Samsung C&T Corporation, which is 2.5% behind the planned progress of 76.8% as per the schedule of the Project.

Detailed explanation-3: -Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets.

Detailed explanation-4: -RPower - About Us - Company Profile - Overview Reliance Power Limited is a part of the Reliance Group, one of India’s largest business houses.

Detailed explanation-5: -In a block deal executed on 3rd September 2022, Blackrock fund has bought stake in this bear-hit Reliance Power. However, after the outbreak of this stock market news, Reliance Power share price has been continuously rising for last two sessions.