State Minister for Power Energy and Mineral Resources Nasrul Hamid has said that promotion of renewable energy could play a vital role in ensuring an equitable development.  “This is an important time to reaffirm our commitment to clean and renewable energy as well as energy efficiency and conservation”, he said while addressing virtually at the closing workshop of the Renewable Energy and Energy Efficiency Programme (REEEP ll) at the Bangabandhu International Conference Centre on Monday.    In the coming years, he said, the focus will fall more and more on ensuring holistic, human-centric development which strikes a balance between technological progress, economic development and environmental sustainability. READ: Strengthen monitoring of energy sector project implementation: Nasrul Hamid In collaboration with Sustainable and Renewable Energy Development Authority (Sreda), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implemented the REEEP II on behalf of the German Federal Ministry for Economic Cooperation and Development. Fatima Yasmin, Secretary, Economic Relations Division, Ministry of Finance, Md. Habibur Rahman, Secretary, Power Division, and Achim Tröster, German Ambassador to Bangladesh also joined the event.  Sreda chairman Mohammad Alauddin presided over the function. READ: Power sector needs $65 billion investment to meet growing demand: Nasrul Hamid REEEP II aimed to promote cooperation among SREDA and other stakeholders to achieve national targets on renewable energy and energy efficiency, to support implementation of the Energy Efficiency and Conservation Master plan up to 2030 through awareness development.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that all studies till now show that local coal extraction for power generation is neither feasible nor cost-effective.