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Minister urges China Exim Bank to expedite financing in power sector

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Minister urges China Exim Bank to expedite financing in power sector
Minister of Power, Energy and Mineral Resources Iqbal Hasan Mahmud has requested China Exim Bank to expedite financing for important projects in the power sector. He particularly emphasized financing for the Payra Thermal Power Plant expansion, strengthening the national transmission grid, and DPDC's power network development project. The discussion took place at a meeting with a delegation led by China Exim Bank President Wang Chunying at the Secretariat on Thursday (October 15).

At the meeting, the Power Minister said that for sustainable economic growth, developing power infrastructure and increasing the capacity of the supply system are urgent. He sought the bank's rapid financing for future projects for transition to clean energy under the ‘Renewable Energy Policy 2026’, alongside building smart grids and modern control systems. At that time, he invited the bank president to visit projects implemented in Bangladesh.

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China Exim Bank President Wang Chunying assured continued cooperation in Bangladesh's infrastructure development. Wang Chunying informed that they have interest in financing and technology exchange in solar power, wind energy, and waste-to-power generation projects. In addition, both sides agreed to strengthen institutional communication to expedite the financing process for grid strengthening and DPDC network development projects on a G2G basis.

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Invest Bangladesh Chairman Ashik Chowdhury, Power Division Secretary Mirana Mahrukh, and Bangladesh Power Development Board Chairman Engineer Md. Rezaul Karim, along with senior officials, were present at the meeting.

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