Economic Reporter :
Bangladesh needs to promote energy efficiency, renewable energy, regional power trade and latest technologies, as well as diversify its energy sources to transform and sustain the sector.
“Bangladesh has made good progress in energy sector which has direct links to the country’s economic growth, industrialization and people’s development,” Country Director of Asian Development Bank (ADB) Bangladesh Resident Mission Manmohan Parkash said, at a working group meeting of Local Consultative Group (LCG) at Bidyut Bhaban.
He said, “Providing last mile connectivity for electricity access, developing proper energy mix by investing in renewable and harnessing regional power trade, establishing a dynamic natural gas pricing and electricity tariff mechanism, attracting private sector investment, and developing the sector in the context of climate change are critical for inclusive and sustainable development.”
“The government and the development partners have collaborated well in the energy sector, but new challenges have emerged, triggering rapid response requirements through enhanced partnership and innovation,” Parkash added.
The meeting also focused on industrial development and diversification of industrial base; transforming energy demand patterns based on residential, industrial and transport consumption; and extended regional cooperation in thermal and hydro power generation, among others.
Power secretary Dr Ahmad Kaikaus, energy secretary Abu Hena M Rahmatul Muneem and other officials attended the LCG meeting.
Representatives from AFD, AIIB, DFID, EIB, EU, IDB, GIZ, JICA, KfW, USAID, UNDP, World Bank, participated in the meeting among other development partners.
The ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
In 2018, it made commitments of new loans and grants amounting to $21.6 billion.
Bangladesh needs to promote energy efficiency, renewable energy, regional power trade and latest technologies, as well as diversify its energy sources to transform and sustain the sector.
“Bangladesh has made good progress in energy sector which has direct links to the country’s economic growth, industrialization and people’s development,” Country Director of Asian Development Bank (ADB) Bangladesh Resident Mission Manmohan Parkash said, at a working group meeting of Local Consultative Group (LCG) at Bidyut Bhaban.
He said, “Providing last mile connectivity for electricity access, developing proper energy mix by investing in renewable and harnessing regional power trade, establishing a dynamic natural gas pricing and electricity tariff mechanism, attracting private sector investment, and developing the sector in the context of climate change are critical for inclusive and sustainable development.”
“The government and the development partners have collaborated well in the energy sector, but new challenges have emerged, triggering rapid response requirements through enhanced partnership and innovation,” Parkash added.
The meeting also focused on industrial development and diversification of industrial base; transforming energy demand patterns based on residential, industrial and transport consumption; and extended regional cooperation in thermal and hydro power generation, among others.
Power secretary Dr Ahmad Kaikaus, energy secretary Abu Hena M Rahmatul Muneem and other officials attended the LCG meeting.
Representatives from AFD, AIIB, DFID, EIB, EU, IDB, GIZ, JICA, KfW, USAID, UNDP, World Bank, participated in the meeting among other development partners.
The ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
In 2018, it made commitments of new loans and grants amounting to $21.6 billion.
