Industry

Bangladesh gives tax holiday, security in energy sector: Nasrul

DHAKA, Jan 14, 2017 (BSS) - State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said Bangladesh government is giving tax holiday, necessary security and incentives for encouraging foreign investment in the energy sector.

"The government led by Prime Minister Sheikh Hasina has given the highest priority to the energy sector. We have given tax holiday and security to encourage foreign investment in the sector," he told Secretary General of the International Energy Charter (IEC) Dr Urban Rusnak in Abu Dhabi, United Arab Emirates (UAE).

Dr Urban Rusnak paid a courtesy call on Nasrul in Abu Dhabi, according to a message received here today.

During the meeting Hamid highlighted the present status of the power and energy sector and sought cooperation of the International Energy Charter for encouraging foreign investment in power and energy sector.

They also elaborately discussed about mutual cooperation of the power and energy sector.

Dr Urban Rusnak said Bangladesh is an observer of the International Energy Charter and the country will get more investment in this sector, if Bangladesh becomes a member.

A four-member delegation led by the state minister is staying Abu Dhabi for taking part in the 7th International Renewable Energy Agency (IRENA) conference and the World Future Energy Summit (WFES) from January 14-17.

Among others, the meeting was attended by the Power Development Board chairman engineer Khaled Mahmood.

Source: Bangladesh Sangbad Sangstha (BSS)