Business Desk :
Mitsubishi Hitachi Power Systems, Ltd (MHPS) on Tuesday opened a branch office in Dhaka, the capital city of Bangladesh, says a press release.
The new branch office, located in central Dhaka, was opened to function as a sales unit of Mitsubishi Hitachi Power Systems Asia Pacific Pte. Ltd. (MHPS-AP), a wholly owned MHPS subsidiary based in Singapore.
To celebrate its opening, a ceremony was held on March 4th, and attended by numerous distinguished guests. These included: Bangladesh government officials headed by Nasrul Hamid, State Minister of the Ministry of Power, Energy & Mineral Resources; and local Japanese representation by Ambassador Hiroyasu Izumi. Representatives in attendance on behalf of MHPS were led by MHPS-AP Chairman, Ken Kawai.
Bangladesh is achieving a solid average annual economic growth of 6%, and with a population of approximately 160 million, and a young and abundant labor force, the nation is striving to join the ranks of middle-income countries by realizing sustainable economic growth through industrial development. With this aim, Bangladesh is pressed to improve its social infrastructure: transportation systems, power and other energy structures, etc. In response, the Bangladeshi government has issued plans to increase the nation’s power generation capacity from the current 17,000 megawatts (MW) to roughly 24,000 MW by 2021 and to 40,000 MW by 2030. To fuel such expansion, the country has begun importing LNG (liquefied natural gas) , and both the government and private sector are undertaking increased numbers of large-scale thermal power plant construction projects.
