Reliance Power Ltd. announced that it will build a 718-megawatts (MW) imported LNG (liquefied natural gas)-based power plant at Meghnaghat in Narayangnj. The company will ink a power purchase agreement (PPA) and an implementation agreement to execute the power plant project. The state-run Bangladesh Power Development Board (BPDB) will purchase electricity from the proposed power plant for 22 years at a levelised tariff rate of 7.31 US cents (BDT 5.85) per unit (1 kilowatt-hour). The total project cost is around BDT 809.45 billion.