• Wednesday, Apr 24, 2019
  • Last Update : 08:47 am

Investing in energy

  • Published at 12:00 am April 16th, 2019
Energy
Photo: BIGSTOCK

Utilizing the expertise of foreign companies stands to greatly catalyze the growth of our energy sector

When it comes to energy, Bangladesh has, indubitably, come far.

Once a fledgling country lit by the dim lights of candles and lanterns, we are now a nation that is setting up ambitious plans to generate energy -- such as the recently approved project that seeks to provide electricity to nearly 10 million citizens across Bangladesh.

Given our rapid and accelerating growth, it is only natural for foreign investors to realize just how attractive our nation is for investment opportunities.

According to Foreign Minister AK Abdul Momen, US entrepreneurs are very keen to invest in Bangladesh’s energy sector -- a sector that is increasingly showing a lot of potential to investors both local and foreign.

Bangladesh is industrializing at an unprecedented rate, and if we wish to keep up that momentum, it is imperative that we focus on improving our energy sector in order to meet our industrial and economic ambitions.

Needless to say, utilizing the expertise of foreign companies stands to greatly catalyze the growth of our energy sector -- and companies such as the US’s General Electric are already showing interest in investing.

While our ambitious goals regarding energy and power are quite forward thinking, it would behoove us to think even longer term.

The world is quickly moving away from traditional means of energy towards cleaner, greener methods that don’t leave a mark upon our environment. The government would do well to make sure that any foreign investment in our energy sector complies with sustainability as a core tenet.