Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1060 Sat. May 26, 2007  
   
Business


Dhabi Group keen to invest in energy sector
UAE-based conglomerate Abu Dhabi Group has expressed interest to invest in the energy sector of Bangladesh and other sectors, says a press release.

In a formal letter addressed to the Board of Investment (BoI) executive chairman recently, the Group has sought support from the BoI and other government bodies for making investment in energy, hospitality and real estate sectors of the country.

Dhabi Group is interested in bringing more private investment in Bangladesh and intends to make investment in energy sector, which would include both gas- and coal-based power generation, the letter said.

The conglomerate also wants to invest in services sector that will include hospitality and real estate business, the letter added.

A delegation representing Dhabi Group, led by Amjad Awan, energy consultant of the Group, and Muneer Farooqui, CEO of Warid Telecom, a concern of the Group in Bangladesh, recently met Nazrul Islam, executive chairman of BoI, at the latter's office to discuss the issues.

Amjad Awan said, "Dhabi Group will take necessary steps for implementing the proposed projects in Bangladesh through any of the companies of the Group."

The team also called on Tapan Chowdhury, energy ministry adviser, AKM Zafarullah Khan, secretary to Power Division, and AMM Nasiruddin, secretary to Energy Division, and visited different power plants and probable locations to conduct feasibility study for the proposed projects.

In the formal letter, Dhabi Group's Chief Executive Bashir A Tahir also requested the government through BoI to join the consortium as an equity partner in the proposed projects by providing land and other facilities, the release added.