'BD needs $82.5b investment in energy sector by 2041'

[Black_cats]

'BD needs $82.5b investment in energy sector by 2041'
Published: June 27, 2018 20:48:12 | Updated: June 28, 2018 11:07:47

https://thefinancialexpress.com.bd/...nvestment-in-energy-sector-by-2041-1530110892

Photo: UNB

State Minister for Power and Energy Nasrul Hamid has said Bangladesh needs $82.5 billion investment by 2041 for its potential power and energy sector.

"The investment can come from both public and private sector. We welcome any investment from USA as investment from American companies is lower compared with companies from other countries," Nasrul Hamid said.

The state minister urged American companies to invest in power and energy sector in Bangladesh, reports UNB.


Nasrul Hamid came up with the statement during a meeting with US Assistant Secretary of Commerce Ian Steff at International Trade Administration in Washington DC of the United States on Tuesday.

"US companies can make a good contribution to power and energy sector Bangladesh through direct investment as we require huge investment in the sector," he said

He noted that there is a good business potential in energy sector as LNG and LPG can play a vital role in ensuring the country's energy security.

He informed the US Assistant Secretary that Bangladesh has been conducting hydrocarbon exploration activities while online service, (supervisory control and data acquisition) SCADA and enterprise resource planning (ERP) is taking place in different departments.

American companies can invest in such business as well, he added.

Appreciating Bangladesh's quick development, the US Assistant secretary expressed his country's desire to open a trade office in Dhaka to promote American business in Bangladesh.

Petrobangla chairman Abul Mansur Md. Faizullah was present on the occasion.

 

[bluesky]

'BD needs $82.5b investment in energy sector by 2041'

This $82.5 billion, if truly invested, will build power plants with an additional installed capacity of about 80,000 MW of electricity. With this quantity of power generation many mills and factories can be operated. However, the yearly investment is quite large. It is about $3.6 billion per year. I believe that investment by the foreign companies will be a required element because it will be quite difficult to invest such a sum by the local companies.

 

[UKBengali]

This $82.5 billion, if truly invested, will build power plants with an additional installed capacity of about 80,000 MW of electricity. With this quantity of power generation many mills and factories can be operated. However, the yearly investment is quite large. It is about $3.6 billion per year. I believe that investment by the foreign companies will be a required element because it will be quite difficult to invest such a sum by the local companies.

Not really as BD economy is growing by 7-8% a year and it will be more than twice as large in the 2030s when a lot of the power generation will need to be built.

 

[bluesky]

Not really as BD economy is growing by 7-8% a year and it will be more than twice as large in the 2030s when a lot of the power generation will need to be built.

If you are really correct the BD minister must be making mistake by pleading investment by the American companies. How stupid this minister must be!! He is certainly an enemy of BD not listening to the Chetona guys' easy formula for investment. Excerpt of the news:

"The state minister urged American companies to invest in power and energy sector in Bangladesh, reports UNB. Nasrul Hamid came up with the statement during a meeting with US Assistant Secretary of Commerce Ian Steff at International Trade Administration in Washington DC of the United States on Tuesday".

 

[UKBengali]

If you are really correct the BD minister must be making mistake by pleading investment by the American companies. How stupid this minister must be!! Excerpt of the news:
"The state minister urged American companies to invest in power and energy sector in Bangladesh, reports UNB. Nasrul Hamid came up with the statement during a meeting with US Assistant Secretary of Commerce Ian Steff at International Trade Administration in Washington DC of the United States on Tuesday".

No harm in asking for foreign investments while BD companies grow to become large enough to invest more themselves.

 

[bluesky]

No harm in asking for foreign investments while BD companies grow to become large enough to invest more themselves.

But, the Chetona guys do not want any foreign investment although the data says even almost all the current investment in the power sector is by the foreign companies. I wonder why such a large GDP does not allow the local investment. I plead with you to watch over these anti-BD activities. Do not the government policy makers and planners read the posts sent by the highly educated Chetona guys in the PDF?

 

[Nilgiri]

I wonder why such a large GDP does not allow the local investment.

Because of the inflation that is dumped into that figure (to make that figure somewhat palatable for foreign debt ratio etc in the political window terms found in BD). PFCE, GCF and rest probably susceptible to same kind of inflation antics and round-tripping to paint a more rosy picture, an easy option for GDDS standard country to do if it politically wishes to.

This is evidenced in the end by both the corruption level inside BD and the lousy tax-GDP ratio (both by tax collection being pitiful but also the GDP denominator being inflated by ....you guessed it....inflation)...and incomes, foreign trade and banking sector stagnating/declining.

There ought to be way more indepth analysis on it, but so far only few have been bold:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

These are very long standing problems, and yet, very little has been done to improve the quality of the services provided by BBS.

The government is perhaps more worried about the embarrassment an efficient BBS can do to its image with correct data than the harm an inefficient BBS can inflict on policy making and, the economy with incorrect data.

 

[UKBengali]

Because of the inflation that is dumped into that figure (to make that figure somewhat palatable for foreign debt ratio etc in the political window terms found in BD). PFCE, GCF and rest probably susceptible to same kind of inflation antics and round-tripping to paint a more rosy picture, an easy option for GDDS standard country to do if it politically wishes to.

This is evidenced in the end by both the corruption level inside BD and the lousy tax-GDP ratio (both by tax collection being pitiful but also the GDP denominator being inflated by ....you guessed it....inflation)...and incomes, foreign trade and banking sector stagnating/declining.

There ought to be way more indepth analysis on it, but so far only few have been bold:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

These are very long standing problems, and yet, very little has been done to improve the quality of the services provided by BBS.

The government is perhaps more worried about the embarrassment an efficient BBS can do to its image with correct data than the harm an inefficient BBS can inflict on policy making and, the economy with incorrect data.

When will you actually learn something before posting!

BD tax collection is now skyrocketing. It went up from 9.6% of GDP in 2016 to 11.2% last year - Google the figures yourself if you want. The reforms over the last few years gave finally kicked in and we should see BD tax/gdp ratio going to near S Asian average by 2021.

BD government finance for projects are now rising from the before single digits to the 20-30% range now. This is ample proof of the far greater fiscal resources available to BD government.

With nearly 50 billion US dollars committed by just Russia and China(with much more to come),
infrastructure is being built at crazy rates and the gap between BD and the rest of the subcontinent will narrow massively between now and 2030 - not that other countries are not moving ahead as well but BD is starting from a lower base.

None of this nerdy regurgitation of economic theories that you read(and do not understand of course) is impressing anyone but the dullest.

 

[Nilgiri]

BD tax collection is now skyrocketing. It went up from 9.6% of GDP in 2016 to 11.2% last year - Google the figures yourself if you want.

Will have to be standardised and collated with institutions that actually matter. BD also claiming 450 kwh consumption this year...which will be fact checked by world bank in a year or two as usual (if you look at the wildly different claim BD chetona govt dullard type makes compared to what World bank shows in the end).

Nothing escapes this fact that M A Taslim says....who is infinitely much more informed and intelligent than a chetona ghetto dweller stronk crying about:

The government is perhaps more worried about the embarrassment an efficient BBS can do to its image with correct data than the harm an inefficient BBS can inflict on policy making and, the economy with incorrect data.

@Gibbs @Major Sam @Cybernetics @Mr. Hawq @Michael Corleone

 

[UKBengali]

Will have to be standardised and collated with institutions that actually matter. BD also claiming 450 kwh consumption this year...which will be fact checked by world bank in a year or two as usual (if you look at the wildly different claim BD chetona govt dullard type makes compared to what World bank shows in the end).

Nothing escapes this fact that M A Taslim says....who is infinitely much more informed and intelligent than a chetona ghetto dweller stronk crying about:

The government is perhaps more worried about the embarrassment an efficient BBS can do to its image with correct data than the harm an inefficient BBS can inflict on policy making and, the economy with incorrect data.

@Gibbs @Major Sam @Cybernetics @Mr. Hawq @Michael Corleone

Do not be a compete retard.
AL government has had nearly 10 years to lie about tax revenue and only just starts now!

Your butt-hurt at BD has made you do stupid things like using the fact that Pakistan had over 4 times more energy consumption per capita over BD in 1971 to try to show BD in bad light, without being aware that this pretty much proves that BD was being cheated of equal development funds during 1947-1971.

 

[Nilgiri]

Your butt-hurt at BD has made you do stupid things like using the fact that Pakistan had over 4 times more energy consumption per capita over BD in 1971 to try to show BD in bad light, without being aware that this pretty much proves that BD was being cheated of equal development funds during 1947-1971.

LOL, how are Pakistanis responsible for the low intrinsic development and capability of the delta (inherited and perpetuated by BD people themselves)? Total fiscal extraction value of GDP itself is very low to begin with in West+East Pak (true with all developing countries of that time and phenomenon continues to this day).

If there was an energy consumption decline in Bangladesh in the so called "extraction" years, there could be a point....but BD had a low level to start with form british raj and it still grew (would be hard not to seeing how low it was).

Point is swamp delta has inherited a lousy set of low quality people and the british raj simply recognised that too....go cry about it in UK now for your "dues" first....in louder volume and longer time FIRST (esp given Bengal famine caused by British that actually in evidence on census wiped out the 3 million number you hoax claim and legally enforce on own people regarding 1971) before you even think to approach Pakistan on it.

@Major Sam @DESERT FIGHTER @django @Desert Fox @Khan_21

Do not be a compete retard.
AL government has had nearly 10 years to lie about tax revenue and only just starts now!

Ever checked the correction factor between the same global institutions and BD govt claim on it? It is quite variable depending on the standards used....and they are especially lousy in BD instance (no surprise given the GDDS standard + percentile position on corruption ranking). Go "google" it up.

 

[bluesky]

BD government finance for projects are now rising from the before single digits to the 20-30% range now. This is ample proof of the far greater fiscal resources available to BD government.

You are so apt in making TAL out of TIL. What ample proof you are talking about? The heavy borrowing from the Banks by the govt. has caused the banking system to nearly collapse. Do not you even read newspapers? What is your logic behind the thinking that the govt. can borrow more money.

 

[Homo Sapiens]

This $82.5 billion, if truly invested, will build power plants with an additional installed capacity of about 80,000 MW of electricity. With this quantity of power generation many mills and factories can be operated. However, the yearly investment is quite large. It is about $3.6 billion per year. I believe that investment by the foreign companies will be a required element because it will be quite difficult to invest such a sum by the local companies.

Raising 3.6 billion dollar would be a struggle for the next 10 years.After 10 years, our economy is expected to double in real term based on current and projected growth forecast.So raising 3.6 billion dollar for a 600 billion economy will not be much a problem.Within this time we have to depends on private sector and foreign investment.Private and foreign investment will be always welcome but by then govt. will also acquire capacity to build power plant as per their target.

 

[bluesky]

Raising 3.6 billion dollar would be a struggle for the next 10 years.After 10 years, our economy is expected to double in real term based on current and projected growth forecast.So raising 3.6 billion dollar for a 600 billion economy will not be much a problem.Within this time we have to depends on private sector and foreign investment.Private and foreign investment will be always welcome but by then govt. will also acquire capacity to build power plant as per their target.

Yet, in lieu of what the PDF guys suggest the GoB is closely soliciting investment by the big foreign companies. Why? It is because it will be untenable for BD to go after building these power stations by itself. Moreover, since BD people are not talented enough to acquire the knowledge and technology to build a power station by themselves, therefore, the country will have to import from other countries including even India. But, it will be unable to pay $82.5 billion worth of projects.

What capacity are you talking about? The only way out is the BD people to learn from others and use that knowledge to build plants. Every developed country has developed because they follow the suggestion I am giving here. But, working with hands will certainly blacken the BD people's racially superior white skins.

But, anyway, why the GoB is soliciting US help instead of listening to your Chetona craps if the country is so awash with the GDP, gold, and dollar? Are you guys fulltime retards?

 

[Homo Sapiens]

Yet, in lieu of what the PDF guys suggest the GoB is closely soliciting investment by the big foreign companies. Why? It is because it will be untenable for BD to go after building these power stations by itself. Moreover, since BD people are not talented enough to acquire the knowledge and technology to build a power station by themselves, therefore, the country will have to import from other countries including even India. But, it will be unable to pay $82.5 billion worth of projects.

What capacity are you talking about? The only way out is the BD people to learn from others and use that knowledge to build plants. Every developed country has developed because they follow the suggestion I am giving here. But, working with hands will certainly blacken the BD people's racially superior white skins.

But, anyway, why the GoB is soliciting US help instead of listening to your Chetona craps if the country is so awash with the GDP, gold, and dollar? Are you guys fulltime retards?

I was talking about capacity to fund the project not technical skill.Why are you now diverting the topic to show your butthurtness? In previous post you were talking about where the 3.6 billion dollar will come from? So I replied about that. Why are you now changing your goalpost?