Bangladesh urges World Bank to expedite funding for power, energy projects
GBNEWS24DESK//
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has urged the World Bank to expedite its funding to projects in Bangladesh’s power and energy sector.
He made the request while holding a bilateral meeting today with visiting World Bank Vice President for South Asia Region, Martin Raiser, at the ministry, said a release of the ministry, reports UNB.
It was noted at the meeting that two projects for gas meters installation have been approved by World Bank – implementation of which will begin from January 2023. There are 6 projects in the power sector being funded by World Bank.
Both sides discussed various issues of mutual interest during the meeting.
The state minister focused on achievements, expectations and challenges in power and energy at the meeting.
He said electric vehicles and hydrogen will contribute greatly to the power and energy sector in the future.
“The World Bank can play a major role in formulating a policy on hydrogen energy and electric vehicles to encourage the stakeholders in the sector,” Nasrul Hamid noted.
He sought World Bank’s cooperation to turn Bangladesh Power Management Institute into an organization of international standard.
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