UAE-Bangladesh cooperation

UAE-Bangladesh cooperation

THE United Arab Emirates (UAE) has expressed interest to invest in the renewable energy sector and start potential projects in Bangladesh.

The announcement was the result of the recent meeting between the UAE Industry and Advanced Technology Minister Dr. Sultan bin Ahmed Al-Jaber and Bangladesh Prime Minister Sheikh Hasina in Dhaka.

PetroBangla, the national gas company of Bangladesh, is looking at the possibility of buying liquid hydrocarbons from the UAE to urgently address fuel shortages.

Meanwhile, the UAE seeks to invest in Bangladesh’s renewable energy sector and build energy cooperation.

Dr.Ahmed, who serves as the UAE Special Envoy for Climate Change and President-Designate for COP28, has also discussed with Sheikh Hasina the potential of these UAE projects to increase power generation in Bangladesh.

The UAE will be sending two teams to the South Asian country in the next few weeks to discuss renewable energy and explore investment opportunities.

Bangladesh is heavily dependent on energy imports and has been facing power cuts due to fuel shortages.

A week before the meeting, the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a letter to the President of Bangladesh, inviting him to attend the upcoming UN Climate Change Conference in Dubai this November.

 

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