PM seeks more Japanese investment in power sector

Bangladesh Sangbad Sangstha . Dhaka | Published: 00:27, Feb 25,2020


Prime minister Sheikh Hasina on Monday sought more Japanese investment in Bangladesh’s power and energy sector to meet the growing demand of electricity.

‘The demand for electricity is rising fast with increase in population and development works in the country. So we need more investment in the sector for fulfilling the demand,’ she said.

Hasina made the remarks when Satoshi Onoda, president of JERA Co Inc, the largest electricity producing firm in Japan, paid a courtesy call on her at her office  in Dhaka on Monday afternoon. After the meeting, PM’s press secretary Ihsanul Karim briefed reporters.

Hasina appreciated the Japanese companies, including JERA, for making investments in Bangladesh’s power sector.

The JERA president apprised the prime minister that their company was now generating 60,000 megawatts of electricity in Japan which is 50 per cent of the country’s total demand.

Onoda informed Hasina that under a joint venture with Reliance Bangladesh Power and LNG Company, they were setting up a 718-MW power plant at Meghnaghat.

He said that they had already set up 335-MW power plant ubder a joint venture with Summit Power Ltd of Bangladesh.  ‘We want to establish some more power plants in joint venture with Summit,’ he said.

Onoda also said that the Summit-JERA-Mitsubishi Consortium had already submitted an expression of interest (EOI) to the government to set up an LNG terminal at Matarbari in Cox’s Bazar.

PM’s energy adviser Tawfiq-e-Elahi Chowdhury, state minister for the ministry of power, energy and mineral resources Nasrul Hamid Bipu, Prime Minister’s Office secretary Tofazzel Hossain Mian, Japanese ambassador to Bangladesh ITO Naoki and Summit Power chairman Muhammed Aziz Khan were present on the occasion.

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