[mukto-mona] Fw: [FutureOfBangladesh] Bangladesh hopes to solve power crisis within two years ...

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From: Shamim Huq <ShamimMHuq@Yahoo.com>
To: FOB <FutureOfBangladesh@Yahoogroups.com>
Sent: Sunday, March 4, 2012 10:26 PM
Subject: [FutureOfBangladesh] Bangladesh hopes to solve power crisis within two years ...

 

Gulf Times

Bangladesh hopes to solve power crisis within two years

Publish Date: Monday,5 March, 2012, at 01:02 AM Doha Time

Bangladesh's Finance Minister A M A Muhith Bangladeshi Finance Minister A M A Muhith said yesterday the power crisis in the country will be resolved in the next two years. He was speaking at the inaugural ceremony of the country's biggest shipyard "Khan Brothers Shipbuilding" at Gazaria in Munshiganj district, the Daily Star reported. Ensuring electricity supply to the industries is one of the main pledges of the government, he said. Meanwhile, in an interview with an Indian news agency in New Delhi, Bangladesh Power Secretary Md Abul Kalam   Azad said that Bangladesh would need about $30bn for its planned power capacity addition over the next five-six years and expects about 25-30% of the investments for the same to come from India. Grappling with acute electricity shortage, Bangladesh is embarking on significant capacity addition plans and is in the process of inviting tenders for projects having capacity of over 5,000MW. Azad said the country needs about $20bn investment in power generation activities alone in the next five to six years. "So, taking into account transmission and generation (activities), the total investment expected in the power would be around $30bn," he said in an interview during his visit to India. "I expect around 25-30% investments (of our expected total) would come from India," he said. Currently, Bangladesh has an installed capacity of over 7,600MW and is expected to go up to 21,000MW by 2021. According to Azad, many companies, including those from India have participated in tender processes for various power projects. "Private players from India are interested in gas and coal projects as well as transmission ... Indian investors will love to be part of Bangladesh power sector," he noted. In January, India's NTPC inked a pact with Bangladesh Power Development Board to build $1.5bn Khulna project - having 1,320MW capacity. Separately, NTPC has agreed to export 250MW power to Bangladesh. On March 1, Bangladesh organised a roadshow here to showcase the business opportunities in their power sector. Prior to that, similar roadshows were conducted in the UK, the US and Singapore. Bangladesh is also looking to participate in the hydro power projects in Arunachal Pradesh, Sikkim and Mizoram. Further, the country is interested to take part in gas-based or coal-based power projects in the Indian states which are adjoining to Bangladesh. To meet its growing needs, Bangladesh would be building nuclear power plant with Russia. "We are talking with Russia. I believe that within the middle of this year, we will have a final contract with them for building primarily 1,000MW and another 1,000MW (capacity). This may come up by 2018-19," Azad said. IANS

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