Patience can help overcome the crisis in the energy sector, says Nasrul

Minister of State for Electricity, Energy and Mineral Resources, Nasrul Hamid reiterated his call for patience to overcome the current crisis in the electricity and energy sector.

“If we keep enough patience, we can get out of such a slump,” he said during a virtual panel discussion titled: Bangabandhu’s contribution to power and energy sector development ” tuesday.

The Minister of State’s remarks came against the backdrop of the government’s recent decision to raise petroleum fuel prices by between 42 and 52 per cent and introduce zonal load shedding, reports UNB.

Former University of Dhaka AAMS Vice-Chancellor Arefin Siddique was the keynote speaker for the webinar, hosted by the Ministry of Power, Energy and Mineral Resources on the occasion of the National Day of Mourning with the Principal Secretary of Energy and Mineral Resources Mahbub Hossain in the chair.

Calling the fallout from the current crisis the Russian-Ukrainian war, Nasrul Hamid said Bangladesh was not left out of the global situation.

He said the current crisis is temporary and the price of oil will readjust if and when the price drops in the world market.

Nasrul mentioned that many countries around the world have been facing problems since the start of the war. The UK and Germany had to reopen their coal-fired power stations to generate electricity, he added.

Nasrul Hamid said the government has a plan to ensure uninterrupted power supply across the country, including rural areas, by the end of this year.

“We have already provided electricity to the doorsteps of one hundred percent of the population. But the war has hindered the implementation of the plan.”

He lambasted the opposition BNP for plundering state wealth during his rule.

He said the Awami League government had increased power generation capacity to over 25,000 MW.

“We have added 1,000 mmcfd of gas to the national grid 2 floating storage and regasification units (FSRUs) have been set up for the import of gas,” he said, adding that Prime Minister Sheikh Hasina first allowed private investment in the power sector after taking office. in 1996.

The virtual seminar was also addressed to Chairman of Parliamentary Standing Committee on Electricity, Energy and Mineral Resources Begum Waseka Aysha Khan, Food Secretary Habibur Rahman, Chairman of Bangladesh Petroleum Corporation (BPC) ABM Azad, Chairman of Bangladesh Power Development (BPDB) Mahbubur Rahman, Petrobangla Chairman Nazmul Ahsan and Managing Director of Power Cell Mohammad Hossain.

AASM Arefin Siddique said that Bangabandhu first integrated the development of the power and energy sector into the first national development plan.

Mahbub Hossain said the current crisis was caused by external forces. “Great powers have engaged in war, but small nations like Bangladesh have to deal with its consequences.”

He affirmed that the country’s economy is based on a solid foundation and that it will soon be possible to overcome all the economic challenges.

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