Phulbari14 Sep 2024 07:35
The Phulbari Project
20 years in the making The Phulbari Coal and Power Project is at its closest ever of coming to fruition. Of huge benefit to the people and economy of Bangladesh it has the potential to create 17,000 jobs locally with many more in the numerous industries that will be created through the utilisation of the mineral by products of which the nation suffers shortages.
The appointment, in August 2024, by the Interim Government, of a new Energy Adviser, has generated debate from diverse quarters, in the Bangladesh press, on the way forward for the country and its energy policy. The Energy Adviser through assessing the critical issues and commencing engagement with stakeholders, is aware that the way to deal realistically with the energy supply means including coal both in the current , near and mid term energy mix. Prominent Business leaders and Associations have additionally stressed to Professor Yunus, the chief advisor, the need to extract and utilise the countries' own coal.
Estimated to contribute 1.5% annually towards the counties GDP the Phulbari Project will truly be a step change in reducing Bangladeshs' balance of payments, maintaining it's forex reserves and moving the Nation forwards in it's goal of eradicating poverty through economic growth, job creation and a stable power supply for both industry and domestic use
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