Bangladesh seeks increased Chinese role in power, energy sector

Nasrul Hamid, the state minister for Power, Energy and Mineral Resources, articulated this strategic vision during a meeting with Yao Wen, the Chinese ambassador to Bangladesh recently.

The meeting, held at the minister's office, served as a platform to discuss mutual interests, and pave the way for deeper cooperation between the two nations.

Nasrul emphasised Bangladesh’s eagerness for enhanced Chinese participation, stressing the sector’s substantial investment requirements.

“We are looking forward to China playing a more substantial role. Bangladesh’s power and energy sector needs $30 billion in investment over the next five years,” Nasrul stated, proposing the establishment of a dedicated team to identify investment opportunities and strengthen collaboration.

Ambassador Yao on his part reaffirmed China’s commitment to nurturing stronger bilateral ties and acknowledged the burgeoning cooperation between the two countries.

He underscored the significance of intensifying joint efforts to advance mutual interests.

“It’s essential for both nations to come together to strengthen the area of cooperation,” Yao emphasised.

The discussion encompassed a range of potential investment avenues, including projects funded by China, the establishment of facilities for lithium batteries, semiconductors, and electric vehicles, as well as the exploration of battery storage systems, smart metres, solar and wind power projects, waste-to-energy solutions, and gas extraction.

Fibre2Fashion News Desk (DR)