Bangladesh is undergoing an energy transformation process under the interim government. Bangladesh's renewable energy sector requires significant investment. Chinese investment could be a major source of funding in this regard, according to the private research institute Center for Policy Dialogue (CPD). The organization says that to increase China's investment in the energy sector, Bangladesh must work to prevent foreign exchange risks. CPD advised the government to form a fund in this regard. which will provide partial guarantee and safety net to the investing institutions.
'Foreign investment in renewable energy sector: How to attract Chinese investment in Bangladesh?', at a hotel in Gulshan on Thursday (October 17). This is suggested by the research institute in the dialogue titled.
Besides currency swaps through subsidies, the CPD advised domestic banks to lend to foreign firms in rupees. The executive director of the organization. Fahmida Khatun was chaired by Chairman of Revenue Board. Abdur Rahman Khan and others.
At this time, the research director of CPD. Khandkar Ghulam Moazzem made several suggestions to attract Chinese investment in the energy sector.
He suggested tax incentives, subsidies to investors. Public-private partnerships are encouraged to come forward with government financial support. Besides, he asked the government to invest in creating funds and creating skilled workers to deal with foreign exchange risks.
CPD says the interim government has decided to move to an open and competitive tender process for new electricity. This will provide several opportunities for Chinese investors and financiers. BPDB's newly launched 10 grid-connected solar power plants for the private sector could be a good test for investors.
The CPD dialogue also said the government could invite tenders for new power plant projects through 'reverse auction'. 37 renewable energy power plant projects, including Chinese-invested power, may submit their proposals for 'reverse auction'
