Web Portals for Bangladesh Bangladesh News Bangla Music Bangladesh Mobile Bangladesh Sports
Subscribe to Bangladesh News RSS Feed Bangladesh News RSS Feed Add to Google Reader or Homepage Add to netvibes Add to Pageflakes  Windows Live Alerts
Get Daily News By Email:   
[ Add Bangladesh News To: Your Site/Blog, Facebook or Google Gadget ]

Private partnership soon to finance power sector


Posted on Saturday, May 31st, 2008 at 12:28 am
[ Comments RSS Comments RSS ] [ Trackback Link Trackback URL ] [ ] [ PDF Version Download PDF ]

The government is preparing a policy to finance the power sector with private partnership, said Special Assistant to the Chief Adviser for Power, Energy and Mineral Resources Prof M Tamim yesterday.

“The government will have 51 percent share while its private partners will have 49 percent,” he said while speaking as the chief guest at a workshop styled “Energy Security and Development: Perspective Bangladesh” organised by Bangladesh Institute of Law and International Affairs (BILIA) and Bangladesh Heritage Foundation in cooperation with Grameen Shakti.

The review of the draft coal policy is almost complete and it will be sent to the law ministry for vetting in seven-10 days, he said emphasising the need for setting up coal-fired power plants to lessen the pressure on gas consumption so that gas can be used as fuel in vehicles and industries and the production of fertiliser.

“There are no major changes in the coal policy that the last committee drafted,” he said.

Referring to the point that Bangladesh passed a poor period in terms of gas exploration during the last 10 years, he said, “We have allocated money for Bapex to explore for gas and asked international oil companies to do the same.”

Gas price, however, has to be changed, Tamim said, adding that there is no immediate plan to increase gas price.

Asked if the government supports open-pit mining at Phulbari coalmine, Tamim, also a petroleum engineer, said it is only the coalmine experts and environmentalists who can say which method is appropriate for that area.

Energy experts at the workshop suggested strengthening negotiations with India, Nepal, Bhutan and Myanmar for regional cooperation in the energy sector.

Even though gas reserves will lessen considerably in next one decade or so, Bangladesh has adequate coal reserves which should be properly utilised, said Maj Gen Aminul Karim NDC, military secretary to the president.

“If adequate energy is not present, our GDP will go down,” he said, adding that bureaucratic tangles created tremendous problems in the power sector.

In his presentation, Prof Ijaz Hossain of Bangladesh University of Engineering and Technology (Buet) said, “Considering the coal reserves of Bangladesh, the country has better energy security compared to India and USA. So, there is nothing to worry about.”

He said Bangladesh does not need to export coal, rather it needs strategies on how more investments could be made for power generation in line with power demands.

Rural Electrification Board Director BD Rahmatullah said massive usage of energy saving bulbs and electronic ballasts would save a few hundred megawatts of electricity. Campaign programmes for power saving should be launched to mitigate the present power crisis, he added.

Petrobangla Chairman Jalal Ahmed said gas crisis is intensifying troubles in power generation and therefore diversifying the sources of energy is required.

Abdul Gafran of Grameen Shakti suggested putting a spotlight on renewable sources of energy, especially in the rural areas where people cannot afford gas. A wind-mapping of the country should be carried out to pave the way for investors to come here and invest in wind power, he said.

Lt Gen Zahir, Lt Col Moin Uddin and former chairman of Power Development Board Quamrul Islam Siddiqui also spoke at the programme chaired by BILIA Director Ambassador Wali-ur Rahman. Representatives of development partners and businesses were also present.

Link to this news:
 
        
    
This entry was posted on Saturday, May 31st, 2008 at 12:28 am and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Comments are not moderated and only expresses personal views of visitors. BangladeshNews.com.bd is not responsible for commets posted by visitors.

One Response to “Private partnership soon to finance power sector”

  1. 1
    john Says:

    thats really awesome post really.

Leave a Reply

People come here looking for: bangladesh power sector (3), Lt Gen Aminul Karim (3), Private partnership soon to finance power sector (2), Power sector (2), all (2), power sector (2), private public partnership in the power sector of india (2), public Private Partnership india 2008 (2), public private partnership in power sector in india (2), PPP in Indian Power sector (2), What are the main public-private partnership in power sector in india? (2), fdi in power sector bangladesh] (1), indian power sector 2008 (1), what is sources of partnerships finance ? (1), india power sector shares may 2008 (1), petrobangla coal (1), "bangladesh university of engineering" and petroleum partners (1), india government power plant financing 2008 (1), Energy Security and Development: Perspective in Bangladesh (1), Bangladesh Gas price power production (1), financing in the power sector (1), power sector development bangladesh (1), Financing opportunities in Power sector in India (1), law of one price in power sector (1), power sector in india in 2008- news (1), energy sector developments in bangladesh (1), gas power sector in India 2008 policy (1), Present Policy on FDI FOR POWER SECTOR IN India (1), financing in power sector in india (1), indian power and energy sector news 2008 (1), POWER SECTOR DEVELOPMENT IN INDIA (1), energy sector in india 2006-2008 (1), Recent Power Sector news of Bangladesh (1), government policies power sector india 2008 (1), POWER in bangladesh (1), RECENT NEWS ABOUT POWER SECTORS IN INDIA (1), site for private public partnership in power sector of india (1), Bangladesh power sector opens to private money (1), major problems in power sector in india in 2008 (1), private power sector in bangladesh (1), Power Sector and Indian Law (1), wordpress theme+power sector (1), private power sector in Bagladesh (1), the law of one prices in power sector (1), Public Private Partner "power plant" "bangladesh" (1), News+Power sector+Bangladesh (1), partners for wind power in india (1), invest money in india (1), Finance in Bangladesh,August 2008 (1), Bangladesh Public Private Partnership (1),