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PM seeks more Japanese investment in power, energy sector

  • Published at 03:59 pm February 24th, 2020
Satoshi Onoda, President of JERA Co. Inc, pays a courtesy call on Prime Minister Sheikh Hasina on Monday, February 24, 2020 Focus Bangla

The Prime Minister made the remarks when president of JERA Co. Inc, Satoshi Onoda, called on her at her office

Prime Minister Sheikh Hasina on Monday sought more Japanese investment in the power and energy sector of the country to meet the growing demand of electricity.

“The demand of electricity is rising fast with the increasing population and development works in the country. So we need more investment in the sector, for fulfilling the demand,” she said.

The Prime Minister made the remarks when president of JERA Co. Inc, the largest electricity producing firm in Japan, Satoshi Onoda called on her at her office.

PM’s Press Secretary Ihsanul Karim briefed reporters after the meeting.

He said that the Prime Minister appreciated the Japanese companies, including JERA, for making investment in Bangladesh’s power sector, reports UNB.

She also highlighted government’s strides for boosting power generation in the country.

The JERA president apprised the prime minister that their company is now generating 60,000MW of electricity in Japan, which is 50% of the country’s total demand.

“We’re making huge contributions to our economic development by producing this electricity,” he said.

Satoshi Onoda informed the prime minister that, with the joint venture of Reliance Bangladesh Power and LNG Company, they are setting up a 718MW power plant In Meghnaghat.

“The power plant will go into operation by 2022,” he said.

The JERA president said they have already set up a 335MW power plant in joint venture with Summit Power Ltd of Bangladesh. “We want to establish some more power plants in joint venture with Summit,” he said.

Satoshi Onoda also said the Summit-JERA-Mitsubishi Consortium has already submitted an expression of interest (EOI) to the government for setting up an LNG terminal in Matarbari, Cox’s Bazar.

PM’s Energy Adviser Dr Towfiq-e-Elahi Chowdhury, State Minister for Power, Energy & Mineral Resources Nasrul Hamid Bipu, PMO Secretary Tofazzel Hossain Mian, and the Japanese ambassador to Bangladesh were present on the occasion.

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