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Dhaka Friday,  Mar 29, 2024

Bangladesh signed ‘Energy Charter’ in The Hague

EB Desk

Bangladesh joined 74 countries in signing the Energy Charter in The Hague recently. The Charter is expected to help attaining sustainable energy development, improving energy security and maximizing the efficiency of production, conversion, transport, distribution. Bangladesh Ambassador to the Netherlands, Sheikh Mohammed Belal, signed the charter on behalf of the Government of Bangladesh during the Ministerial Conference on the International Energy. The Charter emphasizes working towards access to energy for citizens in emerging and developing economies.

During his statement on the Conference, Bangladesh Ambassador congratulated the Energy Charter Secretariat for organizing this global conference and also sought global cooperation for Bangladesh’s quest for middle income country by 2021. Ambassador Belal informed the conference that Bangladesh is working towards production of 24,000 MW of electricity by 2021 which will be increased to 40,000 MW by 2030. While 50% of this production will come from coal, using ultra super critical technology, Bangladesh also wishes to add a significant part of this production from renewable energy sources. Accordingly, Bangladesh mulls investment to the tune of ten billion US dollars in next three years and another eight billion dollars in the following seven years.

In order to meet her growing energy need, Bangladesh is not only pursuing an innovative public private partnership within the country, but working with her neighbouring countries in establishing a regional energy network through regional cooperation frameworks like SAARC, SASEC, BIMSTEC etc., Ambassador Belal apprised the audience.

Earlier, the International Energy Charter was inaugurated in a local hotel by Mr. Henk Kamp, Minister of Economic Affairs of the Netherlands. Mr. Bert Koenders, Minister for Foreign Affairs also spoke during the inauguration ceremony.
The Energy Charter, it is believed, will bring greater cooperation among the producers as well as consumers while emphasizing more on sustainable energy development through innovations.

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