Bangladesh Will Invest in Nepal’s Energy Sector

Bangladesh Will Invest in Nepal’s Energy Sector

Feb. 16, 2017, 5:45 p.m. Published in Magazine Issue: Vol.10, No 12, February 3,2017, (Magh 21,2073)

Ambassador to Bangladesh to Nepal Mashfee Binte Shams said that Bangladesh is ready to make investment of US$ 1 billion in hydro power development in Nepal and open to pursue every possible collaboration in the power sector.

Addressing interaction program at Energy Development Council (EDC) Ambassador of Bangladesh said that the growth rate of Bangladesh is 7.1% and is a power hungry country and the current installed capacity is 15000 MW but still is not enough.

The projected demand for electricity is 20000 MW for 2021 and 34000 MW for 2030. The Bangladesh government has already proposed an umbrella MoU to GON (BIPPA), a non binding agreement and they are waiting for the positive response.

She also informed that Bangladesh with its huge electricity deficit is actively exploring to generate electricity from wind, solar and other renewables. H.E. Sham said that they have friendly relationship with India and have been importing electricity so she assured that India will not have problem if Bangladesh imports electricity from Nepal.

The chairperson of EDC, Sujit Acharya welcomed the interest of Bangladesh in energy sector of Nepal and expressed that the Council will put its effort in bridging the gaps among the concerned authorities.

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