$30b investment needed by 2030 for uninterrupted electricity: Nasrul

State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday said that to ensure uninterrupted electricity by 2030, the country needs an investment of around $30 billion.
He was speaking at the discussion meeting on investment organized by the Foreign Investor’s Chamber of Commerce and Industry (FICCI). Nasrul said that to raise such large amount of investment, the government is looking for innovative financial instruments.
“We are trying to issue bonds and shares of power companies to the local and foreign stock exchanges to raise money,” he said adding that the government is giving highest level of priority on foreign investment.
He said that the investment priority is given on gas and electricity transmission and distribution systems.
The State Minister also informed that by 2018, 500 mmcfd LNG will be brought in the country. Attempts have been made to bring another 3500 mmcfd LNG.
Rupali Chowdhury, President of FICCI, Executive Director Jamil Osman and Marcia Bernicat, US Ambassador to Bangladesh were present at the occasion.

$30b investment needed by 2030 for uninterrupted electricity: Nasrul

State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday said that to ensure uninterrupted electricity by 2030, the country needs an investment of around $30 billion. He was speaking at the discussion meeting on investment organized by the Foreign Investors Chamber of Commerce and Industry (FICCI). Nasrul said that to raise such large amount of investment, the government is looking for innovative financial instruments. We are trying to issue bonds and shares of power companies to the local and foreign stock exchanges to raise money, he said adding that the government is giving highest level of priority on foreign investment. He said that the investment priority is given on gas and electricity transmission and distribution systems. The State Minister also informed that by 2018, 500 mmcfd LNG will be brought in the country. Attempts have been made to bring another 3500 mmcfd LNG. Rupali Chowdhury, President of FICCI, Executive Director Jamil Osman and Marcia Bernicat, US Ambassador to Bangladesh were present at the occasion.