US companies encouraged
US companies encouraged for oil, gas exploration in Bangladesh's offshore
Prime Minister’s Power, Energy and Mineral Resources Affairs Adviser Dr Tawfiq-e-Elahi Chowdhury, has encouraged the US companies for oil and gas exploration in Bangladesh's offshore areas and to look at the prospects of nuclear power modular reactors in Bangladesh.
He also urged the US government to invest more through its International Development Finance Corporation (DFC) in Bangladesh's renewable energy sector.
The adviser made the request to US Under Secretary of State for Economic Growth, Energy, and Environment Jose W. Fernandez at a meeting held at the US Department of State in Washington DC on Thursday.
Dr Chowdhury and Under Secretary Fernandez discussed the existing bilateral energy cooperation and explored possible ways to strengthen it further.
The Energy Adviser briefed the Under Secretary on the policies adopted by the government of Prime Minister Sheikh Hasina to make Bangladesh self-reliant in power and energy, said the Embassy in a media release on Friday.
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He also highlighted how the Bangladesh government was diversifying its power generation using energy from various sources like gas, oil and coal, nuclear as well as renewables.
Mentioning that the current global energy shortages caused by the Ukraine war had placed many countries including Bangladesh at risk in sustaining their energy securities, the Adviser sought the US attention to play its role to improve the situations.
Dr Chowdhury emphasized that the US should come forward with more investment in countries like Bangladesh through DFC financing.
The US Under Secretary appreciated Bangladesh's impressive socio-economic growth and achievements in poverty reduction.
Acknowledging that the Ukraine war was affecting countries of the world, the US did not impose sanctions on essential commodities like food, energy or fertilizers, Fernandez told the Adviser.
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