State minister for power, energy and mineral resources Nasrul Hamid said that the government had moved for raising gas prices, mainly for commercial and industrial consumers and for power plants to offset losses caused by LNG import.
‘We have submitted proposals to the Bangladesh Energy Regulatory Commission for some adjustment in gas prices. It is up to the commission now if it would allow us to do so,’ he said while addressing a programme titled Meetthe-Energy-Reporters at a river cruise on Saturday.
The remarks from the state minister came after the commission announced to hold a four-day public hearing on gas price hike scheduled to begin on March 11.
The Forum for Energy Reporters Bangladesh organised the function with its chairman Arun Karmaker in the chair. Its executive director Sadrul Hasan conducted the programme.
The state minister also launched the new FERB web site, www.ferbd.com, at the function.
Nasrul Hamid noted that although the government was intending to raise the gas tariff, it would have no big impact on the power tariff as there was a plan to increase the use of gas as fuel for power plants and also retiring some petroleum-fuel fired generation units.
‘Since we’re reducing the use of petroleum fuel at some costly power plants and increasing the use of gas in more power plants, it will have a minimum impact on power tariffs,’ he told energy reporters.
Nasrul said that his ministry was fully supportive to the idea of reducing the use of LNG in motor vehicles and introducing more electric vehicles, including buses, cars and other transport vehicles.
He said that it was necessary to develop infrastructure to facilitate the recharging service before introducing electric motor vehicles.
Nasrul Hamid said that the power and energy sectors’ next challenge was adaptation to new technology by professionals now working in the public sector.
He said that the import of LNG and coal would not put any big pressure on foreign exchange reserves.
The state minister said the country now needs about $110-120 billion investment in power and energy sectors up to 2030.
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