PM seeks more Japanese investment in power, energy sector
Prime Minister Sheikh Hasina on Monday sought more Japanese investment in power and energy sector of the united states to meet up the growing demand of electricity.
"The demand of electricity is rising fast with the increasing of population and development works in the country. So we are in need of more investment in the sector for fulfilling the demand," she said.
The Prime Minister made the remarks when president of JERA Co. Inc, the greatest electricity generating firm in Japan, Satoshi Onoda called on her at her office.
PM's Press Secretary Ihsanul Karim briefed reporters following the meeting.
He said that the Prime Minister appreciated japan companies including JERA to make investment in Bangladesh's power sector.
She also highlighted government's strides for boosting power generation in the united states.
The JERA president apprised the prime minister that their company is currently producing 60,000 MW of electricity in Japan which is 50 percent of the country's total demand.
"We're making huge contributions to our economic development by making this electricity," he said.
Satoshi Onoda informed the prime minister that with the joint venture of Reliance Bangladesh Power and LNG Company they are establishing a 718-MW power plant In Meghnaghat.
"The energy plant will go into procedure by 2022," he said.
The JERA president said they have set up a 335-MW power plant in jv with Summit Power Ltd of Bangladesh. "You want to establish even more power plants in joint venture with Summit," he said.
Satoshi Onoda also said the Summit-JERA-Mitsubishi Consortium has already submitted a manifestation of interest (EOI) to the federal government for establishing an LNG terminal in Matarbari, Cox's Bazar.
PM's Energy Adviser Dr Towfiq-e-Elahi Chowdhury, State Minister for Nasrul Hamid Bipu, PMO Secretary Tofazzel Hossain Mian and the Japanese ambassador to Bangladesh were present on the occasion.
