US cos set sight on BD power sector

FE Online Report   | Published: August 30, 2017 14:18:55 | Updated: October 25, 2017 00:07:51


US companies like the General Electric have evinced interest in investing in the power sector of Bangladesh.

It was made known when US Acting Assistant Secretary of State Alice Wells called on Bangladesh premier’s energy adviser Dr. Tawfiq-e-Elahi Chowdhury on Tuesday.

The junior US minister appreciated Bangladesh's achievement in the energy sector and expected the country to be a role model for development and draw enhanced US investments.

At the meeting Bangladesh sought Wells’ cooperation so the US Accelerate Energy could complete in time the task of installing a floating station for supplying LNG gas inside the country from offshore.

Wells, who is in charge of South and Central Asian Affairs in the State Department, arrived in Dhaka for the first time on Tuesday as part of her visit to the region.

Bangladesh tripled its power generation capacity since 2009. Eighty per cent of the people now are under the electricity coverage. The figure was 40 per cent in 2009.-AR

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