Dhaka, Bangladesh (BBN)- US companies have expressed keen interest in investing in Bangladesh's energy and renewable energy sector under the Public- private Partnership (PPP) initiative.
Speaking at a discussion here, visiting Deputy Assistant Secretary of State for Energy Transformation Dr Robert Ichord said Bank of America is willing to provide 50 billion US dollars in this sustainable and renewable energy sector.
In doing so, he favoured a time-befitting policy framework under PPP model in order to ensure better enabling environment for investment in the sector.
The discussion "Sustainable Energy for All Initiative (SE4ALL)" was held between Dhaka Chamber of Commerce and Industry (DCCI) and the visiting U.S. govt. mission at DCCI in the capital on Saturday.
Molly Ward, State Department Energy Bureau (State/ENR), USA, Elizabeth Wallace, Financing Consultant for State/ENR, USA, Pat Delaquil, SE4ALL Consultant for State/ENR, Francesca Costantino, U.S. Department of Energy, Alexander Gazis from Economic and Commercial Office of US Embassy in Dhaka were present.
The Sustainable Energy for All" (SE4ALL) is a joint World Bank-UN initiative with three broad objectives like increase energy access, promote renewables and improve energy efficiency.
DCCI president welcomed the US investors to invest in power and energy sector in Bangladesh saying that Bangladesh has huge demand for alternative energy.
He informed that Bangladesh government has initiated a Power and Energy Sector Development Roadmap (2010-2021) with the target to produce 20,000 MW power by 2021.
BBN/SSR/AD-16Mar13-9:20 pm (BST)