UAE power firm plans $5bn solar move in Bangladesh with capacity to generate 5000MW electricity

[Black_cats]

UAE power firm plans $5bn solar move in Bangladesh
Almaden Emirates Fortune Power and Intraco Solar Power sign agreement to develop 5GW solar power plants in Bangladesh

The projects will be backed by a development investment commitment of $5 billion by Arab Investment Development Authority. (Photo for illustrative purposes only)
By Sam Bridge

Thu 28 Feb 2019 02:12 PM
UAE-based Almaden Emirates Fortune Power (AEFP) and Intraco Solar Power (ISL) have signed an agreement to develop 5GW solar power plants in Bangladesh.

The projects will be backed by a development investment commitment of $5 billion by Arab Investment Development Authority (AIDA), following the signing of the deal in Abu Dhabi.

The solar power plants project along with a manufacturing facility is set to be completed within the next 6-8 years, and will be powered by a total of 14 million solar panels, a statement said.


Ghanim Al Mazrouei, chairman AEFP, said: “We are delighted to be part of this life-changing project partly because of the positive impact it’s bound to have on the lives of rural folks, especially, in Bangladesh.

"This partnership with Intraco Solar Power Limited cements our shared vision, which is to empower the community through clean, renewable energy.”

Adil Al Otaiba, chairman AIDA, added: “The project is likely to reduce power costs in billions as well as to create jobs for both the power plants and the proposed solar manufacturing facility based on an annual 500 MW capacity. The development will reach its maximum capacity by 2030 in line with the expectations of the Government of Bangladesh and may cost close to $5 billion.”


AEFP and AIDA have already initiated several solar power plant development projects in the GCC, Africa, and Central Asian countries. They said the main objective of the new project is to boost the rural population access to affordable, sustainable, and reliable electricity supply.

Safa Capital Limited (SCL) a company regulated by Dubai Financial Services Authority, are the lead financial advisors and arrangers to this project.

Almaden Emirates Fortune Power Company is a joint venture partnership between The Emirates Fortune Group and Almaden MENA, a fully owned entity of Changhzou Almaden Co.

Combined with the factory in Dubai, the group hopes to achieve a production capacity of 2GW PV solar panels by the end of 2020.

For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTubepage, which is updated daily.

https://www.arabianbusiness.com/energy/414351-uae-power-firm-plans-5bn-solar-move-in-bangladesh

 

[Bengal71]

They must be constructed on top of the head of Hasina. The morons don't take into account the scarcity of land to build solar power plants, vast amounts of agricultural land of our beautiful country must be sacrificed for these things.

 

[Quibbler]

Saying from a technical perspective, its not very viable to have 5Gw peak solar power in a country with 20 GW peak production. Solar is inherently intermittent and we do not yet have technolgy to resolve the issue, other than integrating the solar with coal( or other constant supplies) to make fluctuations relatively small. Hence i beleive this is hogwash.

 

[bluesky]

The must constructed on top of the head of Hasina. They morons don't take into account the scarcity of land to build solar power plants, vast amounts of agricultural land of our beautiful country mus be sacrificed for these things.

Forget, it is just another piece of news found in the newspapers to make the population keep busy with happiness. I have read other news that said the SA Crown Prince would send a high-level investment delegation by mid-February. Many other February will come and go, but it will not happen.

 

[Black_cats]

Forget, it is just another piece of news found in the newspapers to make the population keep busy with happiness. I have read other news that said the SA Crown Prince would send a high-level investment delegation by mid-February. Many other February will come and go, but it will not happen.

This is posted in a news paper of UAE not Bangladeshi news portal.

 

[Black_cats]

Arab Investment Development Authority commits $5b for Bangladesh solar plants

The project to be largest in Bangladesh with a capacity of 5 gigawatts

https://gulfnews.com/business/energ...its-5b-for-bangladesh-solar-plants-1.62374914

Published: March 01, 2019 18:35Staff Report


Abu Dhabi: Arab Investment Development Authority (AIDA) has committed $5 billion of investment to develop 5 gigawatts solar power plants in Bangladesh in cooperation with Almaden Emirates Fortune Power (AEFP) and Bangladesh-based Intraco Solar Power.

The agreement was signed earlier this week during UAE, Bangladesh summit in Abu Dhabi in the presence of UAE Minister of Economy Sultan Bin Saeed Al Mansouri and Bangladesh foreign minister AK Abdul Momen, according to a statement issued by the entities involved in the project on Thursday.

“AIDA is coming on board to co-develop and invest with AEFP and ISL in making this project with the Govt of Bangladesh a reality. The project is likely to reduce power costs in billions as well as to create jobs for both the power plants and the proposed solar manufacturing facility based on an annual 500MW capacity,” said Adil Al Otaiba, Chairman of AIDA.

“The development will reach its maximum capacity by 2030, in line with the expectations of the Government of Bangladesh and may cost close to $5 billion. We intend to harness all the resources and our experiences for the success of the project.”

The solar power project along with the manufacturing facility, which is set to be completed within the next 6 to 8 years, will be powered by a total of 14 million solar panels, making it the largest solar power plant investment in Bangladesh.


AEFP and AIDA have already initiated several solar power plant development projects in the GCC, Africa, and Central Asian countries and will be instrumental in steering the project from concept to commissioning. The main objective of the project is to boost the rural population access to affordable, sustainable, and reliable electricity supply.

Safa Capital Limited, a company regulated by Dubai Financial Services Authority are the lead financial advisers and arrangers to this project.

Aida with offices in Abu Dhabi and UK is supported by the European Union and the United Nations. The company’s mandate is to develop and finance projects in Indian subcontinent, Mena and Africa in energy, infrastructure, among others.

 

[Yongpeng Sun-Tastaufen]

Seems unlikely. To generate 5000 MW with solar you need the entire land of Texas maybe.

 

[Viet]

They must be constructed on top of the head of Hasina. The morons don't take into account the scarcity of land to build solar power plants, vast amounts of agricultural land of our beautiful country must be sacrificed for these things.

You can place solar panels above agra culture. VN is experimenting on that combined use.

 

[bluesky]

This is posted in a news paper of UAE not Bangladeshi news portal.

No one really knows who is behind this news. Embassy of Bangladesh in the UAE? But, we must consider things in terms of reality. Well, this is just another newspaper story. There was another news recently that says of a tender by the GoB for a 60 mW solar power plant in Chittagong. This is real and let us hope this UAE or other company comes forward to bid. Click the link below to know about the bidding process:

https://www.renewablesnow.com/news/bangladesh-awaits-proposals-in-60-mw-solar-tender-642908/

Read also another near real news. Why near real? It is because BD has only signed a memorandum of understanding (MoU) with the UAE for a 100mW solar plant when PM Hasina was visiting there. MoU is certainly not an Agreement. It is a kind of good wishes from the two sides.

However, this reporting is more real than the 5,000 mW plant one. We should think all these pieces of news in their proper perspectives and sort out which ones are real and which are not.

https://www.renewablesnow.com/news/...on-100-mw-solar-project-with-uae-help-643578/

 

[Bilal9]

Saying from a technical perspective, its not very viable to have 5Gw peak solar power in a country with 20 GW peak production. Solar is inherently intermittent and we do not yet have technolgy to resolve the issue, other than integrating the solar with coal( or other constant supplies) to make fluctuations relatively small. Hence i beleive this is hogwash.

Well one can believe what one likes but according to the conservative estimates of the Bangladesh Power Development Board (BPDB) and based on projected economic growth rate which would be about 7% p.a. -- the peak demand would be about 10,283 MW in FY2015, 17,304 MW in FY2020 and 25,199 MW in 2025. Peak demand forecast by 2030 is supposed to be about 34 Gigawatts.

If we can get even 2 GW out of solar in the above scenario, that would be great. And there is plenty of activity, some will come to fruition...

Here is BPDB Solar Power planned and current activity (see link for renewable power planning):

http://www.bpdb.gov.bd/bpdb/index.php?option=com_content&view=article&id=26&Itemid=24

Solar Power Projects

Implemented Projects

Under the Hill Tracts Electrification Project BPDB has already implemented three solar projects in Juraichori Upazilla, Barkal Upazilla and Thanchi Upazilla of Rangamati District. Under 1st, 2nd and 3rd Phases, 1200 sets Solar Home Systems of 120 Wp each, 30 sets Solar PV Street Light Systems of 75 Wp each, 3 sets Solar PV Submersible Water Pumps of 1800 Wp each, 6 stes Solar PV Vaccine Refrigerators for the Health Care Centers of 360 Wp each and 2 sets 10 kWp capacity Centralized Solar System for market electrification has been installed. So, a total of 173.81 kWp Solar PV Systems have been installed in Juraichori, Barkal and Thanchi upazilla of Rangamati District under the Hill Tracts Electrification Project.


In the fiscal year 2008-09, BPDB implemented another two solar electrification projects in Angoorpota and Dohogram Chit Mohol. Under this program, BPDB implemented 2 sets Solar Home System of 50Wp each, 2 sets Solar Home System of 80Wp each and 8 sets Solar Home System of 100Wp each. A total of 1.06 kWp Solar PV Systems have been installed in Angoorpota and Dohogram Chitmohol.


BPDB implemented 20.16 KWp Solar PV System and that was inaugurated by Prime Minister at the Office of the Prime Minister on December 2009.

Major solar PV systems implemented by BPDB in the fiscal year 2010-2011 are as follows:

Ø 32.75 kWp at WAPDA Building, Motjheeel.

Ø 2.82 kWp at Chairman Banglo, BPDB.

Ø 6 kWp at Agrabad Bidyut Bhaban, Chittagong.

Ø 1.8 kWp at Cox's BPDB Rest House.

Major solar PV systems implemented in the fiscal year 2011-2012 are as follows:

Ø 37.5 kWp Solar Roof Top System on15th floor of Bidyut Bhaban.

Ø 3 kWp at PC Pole Factory, Chittagong.

Ø 3 kWp at Khagrachori BPDB Rest House.

Ø 2.16 kWp at Swandip Power House and Rest House.

Ø 2.16 kWp at Sales & Distribution Division, HatHajari.

Ø 3.12 kWp at Sales & Distribution Division, Fouzdarhat.

Ø 3.12 kWp at Sales & Distribution Division, Rangamati.

Ø 1.6 kWp Solar Power System at Titas 50 MW Peaking Power Plant.

Ø 1.6 kWp Solar Power System at t Baghabari 50 MW Peaking Power Plant.

Ø 1.6 kWp Solar Power System at Bera 70 MW Peaking Power Plant.

Ø 1.5 kWp Solar Power System at Chittagong Power Plant.

Ø 3.5 kWp Solar Power System at Ghorashal Power Plant.

In the fiscal year 2012-2013 BPDB has implemented the following solar PV systems:

Ø 4 kWp Solar Power System at Khulna Power Station.

Ø 1.6 kWp Solar Power System at Faridpur 50 MW Peaking Power Plant.

Ø 1.6 kWp Solar Power System at Goplagonj 100 MW Peaking Power Plant.

Ø 2 kWp at Sales & Distribution Division, Bakolia.

Ø 2 kWp at Sales & Distribution Division, Pathorghata and Madarbari.

Ø 2 kWp at Sales & Distribution Division, Stadium.

Ø 2 kWp at Sales & Distribution Division, Agrabad.

Ø 2 kWp at Sales & Distribution Division, Halishohor.

Ø 2 kWp at Sales & Distribution Division, Khulshi.

Ø 2 kWp at Sales & Distribution Division, Pahartoli.

Ø 2 kWp at Sales & Distribution Division, Mohora.

Ø 2 kWp at Distribution Division, Patiya.

Ø 2 kWp at Distribution Division, Bandarban.

Ø 6 kWp at Regional Civil Construction Division, Medical centre and Magistrate Building.

Ø 2 kWp at Sales & Distribution Division, Feni.

Ø 2 kWp at Sales & Distribution Division, Chowmuhuni, Noakhali.

Ø 1 kWp Solar Power System at the non-residential building and 2 kWp Solar Power System at the residential building of Santahar 50 MW Peaking Power Plant.

Ø 1 kWp Solar Power System at the non-residential building and 2 kWp Solar Power System at the residential building of Katakhali 50 MW Peaking Power Plant.

Ø 1.6 kWp Solar Power System at Dohazari 100 MW Peaking Power Plant.

Ø 27.2 kWp Solar Power System at Chandpur 150 MW Combined Cycle Power Plant.

Ø 25 kWp Grid Tied Power System at Chittagong Power Station.



Ongoing Projects

v 650 KWp (400 kW load) Solar Mini Grid Power Plant at remote Haor area of Sullah upazila in Sunamgonj district under Climate Change Trust Fund (CCTF) on turnkey basis.

v 8 MWp Grid Connected Solar PV Power Plant at Kaptai Hydro Power Station,at Rangamati on turnkey basis.

v 3 MWp Grid Connected Solar PV Power Plant at Sharishabari, Jamalpur on IPP basis.

v 30 MWp Solar Park Project adjacent to new Dhorola Bridge, Kurigram on IPP basis.

v Solar Street Lighting Projects in seven (7) City Corporations of the country.

N.B Installation of Solar Roof Top Systems in all BPDB offices across the country is a continuous process. More than 223 kWp solar PV systems have already been installed and installations of about 407 kWp solar PV systems are under planning/implementing stages.


Projects under Planning

v Conversion of existing 37.5 kWp Solar System installed on the rooftop of Bidyut Bhaban into 37.5 kWp Grid Tied Solar System

v Conversion of existing 32.75 kWp Solar System installed on the rooftop of WAPDA Bhaban into 32.75 kWp Grid Tied Solar System

v Rehabilitation of 10 KWp Solar Power Plant at the Barkal upazilla sadar of Rangamati district.

Ø BPDB has planned to install Grid Connected Solar PV Power Plant on IPP basis such as-

i) 1 MW Grid Connected Solar Power Plant at Regional Training Centre (RTC), Rajshahi.

ii) 500 kWp Grid Tied Solar System at 33/11 kV substation's compound of former Hajigonj Electric Supply, Chandpur.

Ø BPDB has planned to install Solar Mini Grid Power Plant on turnkey basis under Climate Change Trust Fund (CCTF) at remote and inaccessible areas such as-

i) 500 kW Solar Mini Grid Power Plant at Swandip Upazila of Chittagong district.

ii) 500 kW Solar Mini Grid Power Plant at Thanchi Upazila of Bandarban district.


Ø BPDB has planned to implement Solar Park Projects on IPP/PPP basis under the Roadmap of ADB’s 500 MW Solar Power Mission such as-

i) Rangunia 60 MW Solar Park Project on IPP basis at Karnafuli river side, Rangunia, Chittagong

ii) 40-45 MW Solar Park Project adjacent to Bangabandhu Bridge,Tangail and Sirajgonj area.

iii) 2-3 MW Solar Park Project adjacent to PGCB Grid Sub-station compound, Ishwardi.

iv) 1-2 MW Solar Park Project adjacent to PGCB Grid Sub-station compound, Jhenaidaha.



Bangladesh Plans 1.6 Gigawatts Of Solar Projects
July 10th, 2017 by Saurabh



Originally published on CleanTechies.

Bangladesh is planning to to set up some large-scale solar power projects, the biggest in its history, as it looks to diversify its energy mix and enhance self-sufficiency in the energy sector.

According to media reports, the Bangladesh Economic Zone Authority (BEZA) is planning to set up a solar zone which would house the country’s largest solar power project. BEZA is in talks with POWERCHINA to set up a solar power park with total capacity of 1 gigawatt. BEZA is expected to develop a fourth of the capacity, while POWERCHINA would likely develop the balance.

BEZA is also reportedly planning to give away some land to the Bangladesh Power Division to set up 600 megawatts of solar power park.

Bangladesh has virtually no utility-scale solar power projects and its power sector is heavily skewed towards thermal power technologies. Additionally, the country is also dependent of electricity imports from neighboring India.

The government has taken some steps to attract foreign investment in the solar power market but no major progress has been reported on those initiatives so far.

A subsidiary of SunEdison signed an agreement with the government of Bangladesh to set up a 200 megawatt solar project. The power purchase agreement for the project was signed by Southern Solar Power. The company will set up the project in partnership with a local firm — Midland Power — which will have a 20% equity stake in the project.

The status of this project remains unknown given the bankruptcy of the SunEdison. There have been no reports about any company replacing SunEdison in the partnership with Midland Power.

In 2015, SkyPower announced plans to build 2 GW of utility-scale solar energy over the next five years in Bangladesh, representing an investment of US $4.3 billion. The company also announced it will be gifting 1.5 million SkyPower Home solar kits to the people of Bangladesh over the course of the next five years. “SkyPower’s $4.3 billion USD investment will create more than 42,000 total job years in Bangladesh and will include 500 MW of fabrication and assembly facilities,” said SkyPower Chief Commercial Officer, Charles Cohen.

The owner of India’s largest solar power project — Adani Green Energy — also recently expressed its intentions to set up large-scale solar power projects in Bangladesh. The company did not share any details but would likely be attracted by high feed-in tariffs available in Bangladesh.

These and the recent plans would be welcomed by environmentalists who have heavily criticized the Bangladesh government for its plans to set up a huge coal-based power plant in the environmentally critical Sundarbans. Bangladesh has announced plans to set up a 1,320 megawatt coal power plant in the world’s largest mangrove forest.

https://cleantechnica.com/2017/07/10/bangladesh-plans-1-6-gigawatts-solar-projects/

 

[Black_cats]

No one really knows who is behind this news. Embassy of Bangladesh in the UAE? But, we must consider things in terms of reality. Well, this is just another newspaper story. There was another news recently that says of a tender by the GoB for a 60 mW solar power plant in Chittagong. This is real and let us hope this UAE or other company comes forward to bid. Click the link below to know about the bidding process:

https://www.renewablesnow.com/news/bangladesh-awaits-proposals-in-60-mw-solar-tender-642908/

Read also another near real news. Why near real? It is because BD has only signed a memorandum of understanding (MoU) with the UAE for a 100mW solar plant when PM Hasina was visiting there. MoU is certainly not an Agreement. It is a kind of good wishes from the two sides.

However, this reporting is more real than the 5,000 mW plant one. We should think all these pieces of news in their proper perspectives and sort out which ones are real and which are not.

https://www.renewablesnow.com/news/...on-100-mw-solar-project-with-uae-help-643578/

You think Arab Investment Development Authority (AIDA) is controlled by Bangladesh Embassy of UAE?? Is so best of luck.

Plus I believe you are going to say this signing agreement is also fake or organized by Bangladeshi Embassy? What’s your opinion @bluesky

I am noticing you have developed a tendency of trying to deny any development activity, speak bad about Bangladesh all the time? What you are upto now?

DEAL TO BUILD 5 GIGAWATT SOLAR POWER PLANTS IN BANGLADESH
CATEGORY: CORPORATE WORLD
Published: 28 February 2019
Last Updated: 28 February 2019

• sustainability
  
• corporate
  
• business

Almaden Emirates Fortune Power LLC (AEFP) and Intraco Solar Power (ISL) have signed a Memorandum of Understanding (MOU) for the development of 5 GW solar power plants in Bangladesh that will be backed by a development investment commitment of US$ 5 Billion by Arab Investment Development Authority

The MOU, signed earlier in the week in Abu Dhabi, will also include close cooperation in current and ongoing solar projects across Bangladesh.

The MOU was signed at the UAE / Bangladesh summit in Abu Dhabi by H.E. Ghanim Al Mazrouei – Chairman AEFP witnessed by Mr. Anwar Hussein – Executive Director AEFP / Member Of The international Advisory Board Head Of Energy AIDA, Wen Kai Hsu – General Manager AEFP and Mr. Mohammed Riyadh Ali, ISPL Managing Director in the presence of His Excellency Sultan bin Saeed Al Mansouri - The Honorable Minister of the Economy in UAE, His Excellency AK Abdul Momen – The Honorable Foreign Minister –Bangladesh, His Excellency Nasrul Hamid, The Honorable State Minister for Energy, Power and Mineral Resources and His Excellency Saed Mohammed Al-Muhairi – UAE Ambassador to Bangladesh and His Excellency Mohammad Imran, Bangladesh Ambassador to the UAE.

The solar power plants project along with the manufacturing facility, which is set to be completed within the next 6 to 8 years, will be powered by a total of 14 million (14,000,000) solar panels making it the largest solar power plants investment in Bangladesh.

Speaking during the MOU signing ceremony, H.E. Ghanim Al Mazrouei Chairman AEFP said:

“We are delighted to be part of this life-changing project partly because of the positive impact it’s bound to have on the lives of rural folks, especially, in Bangladesh. This partnership with Intraco Solar Power Limited cements our shared vision, which is to empower the community through clean, renewable energy.”

On his part, H.E. Adil Al Otaiba Chairman AIDA said:

“AIDA is coming on board to co-develop and invest with AEFP and ISL in making this project with the Govt of Bangladesh a reality. The project is likely to reduce power costs in billions as well as to create jobs for both the power plants and the proposed solar manufacturing facility based on an annual 500 MW capacity. The development will reach its maximum capacity by 2030 in line with the expectations of the Government of Bangladesh and may cost close to US$ 5 Billion. We intend to harness all the re-sources and our experiences for the success of the project”

On his part, Mr. Mohammed Riyadh Ali, Managing Director ISPL said:

“We are honored to join hands with AEFP and AIDA in this mega project. Our journey to transform Bangladesh into a renewable energy zone is now inching closer to fruition. AEFP brings unparalleled expertise that will be useful in ensuring the project’s success.”

AEFP and AIDA have already initiated several solar power plant development projects in the GCC, Africa, and Central Asian countries and will be instrumental in steering the project from concept to commissioning. The main objective of the project is to boost the rural population access to affordable, sustainable, and reliable electricity supply.

Bringing structuring expertise and financial closure, Safa Capital Limited (SCL) a company regulated by Dubai Financial Services Authority (‘DFSA’), are the lead Financial Advisors and Arrangers to this project. Mr. Faheem Aziz CEO Safa Capital said:

“This provides a unique opportunity for a UAE entity to help meet Bangladesh Government’s aspiration for growth and a higher standard of living for its people.”

Mr. Aziz emphasized Safa Capital’s vision of arranging innovative financial solutions for large transformational projects in the wider region of UK, Middle East, Africa and the Indian Sub-Continent.”

As part of the MOU, AEFP, AIDA, SCL along with ISPL will work on managing the development and transaction teams across multiple geographies, development models, and transaction environments.

Under the deal, AEFP, AIDA, SCL and ISPL will pool their resources and other partnerships together in order to strengthen their commitment towards the iconic project. The companies will work under a Total Utility Development and Solutions Integrator mechanism, which is anchored on development, technology, and innovation.

 

[bluesky]

Almaden Emirates Fortune Power LLC (AEFP) and Intraco Solar Power (ISL) have signed a Memorandum of Understanding (MOU) for the development of 5 GW solar power plants in Bangladesh that will be backed by a development investment commitment of US$ 5 Billion by Arab Investment Development Authority

I repeat, a Memorandum of Understanding (MoU) is nothing like a strict agreement or a contract. It is a vague term. Please enlarge your capacity to understand the difference between the definitions of these three terms.
It is a usual procedure that the GoB keenly signs so many MoUs when the PM visits a country and publish them on the newspapers. Every year there are hundreds of such MoUs without any follow-up works. It is only to keep guys like you to become busy with complacencies.
I cannot be sure of the reality of any of these MoUs until an elaborate treaty is signed, a project location is designated and it really is implemented by the two parties.

 

[Black_cats]

I repeat, a Memorandum of Understanding (MoU) is nothing like a strict agreement or a contract. It is a vague term. Please enlarge your capacity to understand the difference between the definitions of these three terms.
It is a usual procedure that the GoB keenly signs so many MoUs when the PM visits a country and publish them on the newspapers. Every year there are hundreds of such MoUs without any follow-up works. It is only to keep guys like you to become busy with complacencies.
I cannot be sure of the reality of any of these MoUs until an elaborate treaty is signed, a project location is designated and it really is implemented by the two parties.

Whatever it is that is described at the news. Whether it will be meterialized or not that is different thing. You don’t need to bring conspiracy theory to it that Bangladeshi embassy of UAE somehow published this news.

 

[bluesky]

Whatever it is that is described at the news. Whether it will be meterialized or not that is different thing. You don’t need to bring conspiracy theory to it that Bangladeshi embassy of UAE somehow published this news.

The Embassies of BD are certainly related to this type of devious news and it is directed by the foreign ministry in Dhaka. So, the question is with the policy of the GoB its approach is quite insincere. It is not revising the FDI rules except giving some lip services. Even the oil companies show little interest in the BoB drilling although there are tens of MoU. This has caused the BD govt to publish many false news throughout the year.

This has resulted only in $2 billion FDI in BD in 2018 although I have read a news that has fictitiously raised up the figures for the last few years for the consumption by local people. Note that Vietnam attracts $20 billion of FDI per year. Even Burma is getting many many offers. But, not that much for Golden Bangladesh.

 

[Black_cats]

The Embassies of BD are certainly related to this type of devious news and it is directed by the foreign ministry in Dhaka. So, the question is with the policy of the GoB its approach is quite insincere. It is not revising the FDI rules except giving some lip services. Even the oil companies show little interest in the BoB drilling although there are tens of MoU. This has caused the BD govt to publish many false news throughout the year.

This has resulted only in $2 billion FDI in BD in 2018 although I have read a news that has fictitiously raised up the figures for the last few years for the consumption by local people. Note that Vietnam attracts $20 billion of FDI per year. Even Burma is getting many many offers. But, not that much for Golden Bangladesh.

So answer me did the picture I posted earlier was a drama staged by Bangladesh High Commission of USA? If not please refrain from making conspiracy theory.

Again we are not discussing whether MoU will be implemented or not. Most importantly this MoU was signed between two middle eastern country not with Bangladeshi government which is going to be backed by Arab Investment Development Authority.

For your last part we have discussed already so many time regarding FDI. I do not wish to go into that again.