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Govt to search for alternate energy sources

Tamim tells AmCham meet

Star Business Report
The government is to search for alternative sources of energy reducing dependency on a single source like gas to ensure a long-term energy security, the AmCham luncheon meeting was told yesterday.
"Presently, gas is used in generating around 95 per cent of our total power, which is followed by fertiliser,’ said Professor M Tamim, special assistant to the chief adviser for the Ministry of Power, Energy and Mineral Resources, at the meeting organised by the American Chamber of Commerce in Bangladesh.
Tammim also opted for various
energy options such as nuclear power, supply of gas from Myanmar, diversifying crude oil destinations and starting up power import from India as a pilot project
Energy security is, according to Tamim, its availability to all citizens at an affordable price.
He, however, was optimistic of discovering a considerable amount of gas on the third round of offshore survey.
“It is not possible to say what quantity of gas can be discovered in the sea, but several studies suggest a possible finding of 8-35 trillion cubic feet (TCF) gas," he added.
On the present gas supply for
industries, Tamim said, “ Although two new export processing zones (EPZs) are now under process, we will convey the authorities concerned that a poor reserve of gas will not enable us to supply gas to those zones."
The special assistant also suggested a better competence of the Bapex (Bangladesh Petroleum Exploration and Production Company Limited) to explore natural resources.
“The mineral resource exploration authorities of India are now going to Myanmar and Africa in search of energy. But we are yet to be that much equipped and competent, although ours is an author-
ity that started its journey as early as 1962”, he lamented.
Opposing the CNZ subsidy on a long term basis, Tamim emphasised rationalising it with petroleum prices.
He also informed the AmCham meet that he would begin working on coal policy from the next month.
AmCham President Syed Ershad Ahmed, who chaired the meeting, pointed out that the country lacks an integrated energy policy, as the issue did not get proper attention in previous years.
AmCham Vice President Trevor MacDonald also spoke on the occasion.