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05 February 2023


Business Insider Bangladesh

Tech-based investment needed for sustainable dev of energy sector: Nasrul

BI Report || BusinessInsider

Published: 18:48, 6 December 2022  
Tech-based investment needed for sustainable dev of energy sector: Nasrul

State Minister for Power, Energy and Mineral Resources Nasrul Hamid. Photo: File

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said technology-based investment is required for sustainable development of the country’s power and energy sector.

“Despite investment challenges, unconditional investment in the expansion of renewable energy and clean energy is essential. Coordinated and concerted efforts must continue to ensure a robust energy supply system,” he said on Tuesday.

The junior minister’s observation came at a seminar titled “Investing in Green Energy Transition: Partnership Opportunities for Bangladesh and Europe,” that was organised by Team Europe Initiative Green Energy Transition, at a city hotel.  

He said, the government is progressing ahead as per plan to intensify use of clean energy.

“By 2030, some 30,000 MW of electricity will be generated from renewable energy sources. And, Bangladesh has already cut its carbon emissions,” Hamid said.

He said initiatives have been taken to lessen carbon emissions by 15 percent by 2030. The European Union is making a tangible contribution to climate change and the spread of renewable energy. Bangladesh needs technical assistance.

In the speech of the chief guest, the Prime Minister’s energy advisor, Tawfiq-e-Elahi Chowdhury (Bir Bikram) said that to make energy transition effective, making a plan in the context of Bangladesh is necessary.

There is a need to have technology to clean up fossil fuels. Investing the funds pledged in Cop 26 or Cop 27 by the respective countries will yield good results. There is also an opportunity to work together on floating solar power, he said.

Professor Shahriar Ahmed Chowdhury of United International University presented the keynote paper in the event.

Programme Manager Chiara Vidussi of the Delegation of the European Union to Bangladesh attended the event, among others the Ambassador of the European Union Charles Whiteley and the Ambassador of Sweden Alexandra Berg von Linda also spoke.

 

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