The World Bank approved on October 31, 2011 to provide $ 350 million loan program to solve the power shortage of Bangladesh, the South Asian country. It was said in a statement released by the World Bank on the 31st that the loan would be used to build a 300 megawatt power station in order to improve the power shortage situation of the southeast of the capital, Dhaka. The statement said in the past five years, Bangladesh’s economic growth rate was around 6%, and inadequate supply of electricity was a big factor constraining economic growth. According to statistics, due to insufficient power supply, Bangladesh’s annual GDP growth rate thus was reducing by two percentage. 

 

The Bangladesh government announces the following incentive policies to attract investment on energy and power

 

1,15-year tax-free period (including some imported solar products);

2, exempt from tax by the payment of external debt interests;

3, tax exemptions from royalties, patents, technology, and pay service charges;

4, carry out tax-free profit by converting stock

 

Development opportunities:

The Bangladesh Government has joint Electric Power Development Board to set up a new power station; Meanwhile maintenance and extension of the existing electricity transmission and distribution systems is in progress; The government also restores the existing power stations or reform them and provide a range of support for doing it such as to support the construction and promotion of solar power engineering, to privatize the power supply system of remote area, to spread the technology by manufacturing power devices, to invest in CNG distribution network.

 

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