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Call for more investment in AI, smart grids, for 100% power coverage

  • Published at 07:34 pm June 27th, 2018
  • Last updated at 07:35 pm June 27th, 2018
Participants at Bangladesh Energy and Power Summit 2018 on Wednesday Courtesy

90% of the country’s population currently enjoys access to electricity, with Bangladesh’s power generation capacity standing at 16,000MW, and per capita consumption at 450KW per hour

Bangladesh is expecting more private investment in artificial intelligence and smart grid technology, as the Power Development Board is eyeing 100% electricity coverage by the end of this year, said Principal Coordinator for SDG Affairs at the Prime Minister’s Office Md Abul Kalam Azad.

“We want more investors from the private sector both home and abroad to help achieve 100% power coverage in the country. We are also placing importance on artificial intelligence and smart grids—as they are vital to making the plan a success,” he said.

The principal coordinator made the comments while addressing the closing session of the two-day 2nd Annual Bangladesh Energy and Power Summit 2018, which ended at a Dhaka hotel on Wednesday.

Stating that the country’s power sector is growing rapidly, he said: “Back in 2008, there was only a little over 3,000 MW of power generation—which jumped to around 11,000MW in the last 10 years.”

According to Abul Kalam Azad, 90% of the country’s population currently enjoys access to electricity, with Bangladesh’s power generation capacity standing at 16,000MW, and per capita consumption at 450KW per hour.

He also called for investment by the private sector, as the government is offering incentives for both local and foreign entrepreneurs.

“The Bangladesh Economic Zones Authority has given incentives on: tax, VAT, bonds and licences, with the aim of attracting private investment,” he added.

The closing day of the summit was also addressed by Sustainable and Renewable Energy Development Authority member Siddique Zobair, and Shah Zulfiqar Haider, general manager of Chattogram Rural Electric Cooperative-3 under the Bangladesh Rural Electrification Board, among others.

Meanwhile, Chinese firm Wispool Group, who organised the event, announced that they would arrange the third edition of the summit in July 2019—and that it may also organise a nuclear energy summit in March next year.

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