Govt assures safe investment in fast-track projects

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BSS, Dhaka :
The present government has assured of necessary security for both domestic and overseas investment in the fast-track projects in Bangladesh side by side with ensuring return of profit of the investors.
“These fast-track projects include power and energy sectors, where the financial institutions like banks can come forward with more and more investment with guaranteed security and return of the profit,” Director General of Power Cell of Power Division under Power, Energy and Mineral Resources Ministry Engineer Mohammad Hossain told BSS recently. He called for increased investment in the fast-track projects as the government is providing necessary security in this regard. USD 8 billion was already invested in the power and energy sector in the last seven years, he added.
Hossain said the government is working to mitigate power and energy crisis with limited resources, aimed at materializing Prime Minister Sheikh Hasina’s promise to ensure electricity for all in 2021.
Earlier talking to BSS, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the government is set to undertaken some large scale fast-track projects in the power sector in the next one month. “Currently, 116 projects worth USD 24.73 billion are going on and USD 13.78 billion is project assistance (PA),” he said adding, electricity generation has now been increased by 10.20 percent annually. Nasrul said the generation of capacity reached to 15,351MW and the government is putting efforts relentlessly to ensure adequate power supply across the country.
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