BD needs $50-$60 billion investment in power, energy tech in 5 yrs

BD needs $50-$60 billion investment in power, energy tech in 5 yrs

Dhaka, May 06 - State Minister for Power, Energy and Mineral Resources, Nasrul Hamid today said that the increasing use of technology has created immense investment opportunities in the country’s power and energy sector. 

Bangladesh will need an investment of $50 to $60 billion in the power and energy technology in the next 5 years, he told Singapore's non-resident High Commissioner to Bangladesh, Derek Loh, when the latter met him at his ministry office In the Secretariat.

During the meeting, they discussed various issues of mutual interest.

Welcoming the Singapore envoy, Nasrul Hamid said that the power and energy sector has been moving towards automation. 

The High Commissioner expressed interest in renewable energy in Bangladesh while discussing use of technology in Singapore. 

They had discussions on various issues including development of nuclear power, wind power, solar power, clean energy, price of solar power, smart grid, data center, LPG and LNG terminal, storage system, refinery, automation, electricity import and export.

Sheela Pillai, Charge d'Affaires, Singapore High Commission in Dhaka, among others, was present on the occasion. -UNB