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 Investment conference on power sector today

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Posts : 78
Join date : 2010-05-30

PostSubject: Investment conference on power sector today   Sat Jul 03, 2010 2:17 am

Unb, Dhaka

The power ministry organises a daylong conference to attract investment in the country's power sector at the city's Sonargaon Hotel today.

Finance Minister AMA Muhith will inaugurate the conference, titled 'Investment in power sector of Bangladesh: Opportunities and Challenges', which is likely to be attended by a host of international investors.

Power division officials said they are organising the conference as a follow-up of the government's road-shows abroad that took place in London, New York and Singapore last year.

In the wake of nagging power and gas crisis, the government earlier announced a mega plan to generate an additional 9,426 megawatts of electricity by 2015 through setting up of power plants, both in private and public sectors.

This plan include seven base-load combined cycle power plants having generation capacity of 1,650 MW, eight peaking power plants having 700 MW generation capacity, 2,600 MW imported coal-based steam plants, and renewable energy-based 109 MW power plants.

A huge number of the plants will be set up on build, own and operate basis by next five years under public private partnership.

“We would project the government's future programmes in power sector before the private sector entrepreneurs at the function,” said prime minister's Energy Adviser Tawfiq-e-Elahi Chowdhury.

He said the programme, which is the first of its kind, would reflect the government's commitment to move forward with the ongoing activities in the power sector.

Officials said major global players in power, energy and financial sectors have been invited to attend the conference.

The invited firms include Rolls Royce, Enpower Corporation, Globeleq, AES, Vopak LNG, GCM Resources, Watson Gough, SBM Offshore, Mij International, Brummer and Partners, CDC Group, Seamark Group, EIC, RJI Capital, Centrax, Societe General and BNP Paribas.

Besides, development partners, multilateral donor agencies, managing directors of all local and foreign commercial banks, and the Bangladesh Bank Governor have also been invited to join the mega event on investment in the power sector.

Board of Investment Chairman SA Samad will be the special guest at the conference.

Over a dozen ministers and state ministers including of commerce, industries, planning, land, law, home, shipping, foreign, posts and telecom, and environment and forest will take part in the conference.

Top executives of all the country's operational independent power producers, small power plants and rental power plants will also participate in the event.

State-owned power and gas sector entities will showcase their future projects to attract investment during the conference.
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