Tuesday, 19 October, 2021

China won’t invest in coal-based power plants: Envoy

  • Diplomatic Correspondent
  • 29 September, 2021 12:00 AM
  • Print news
China won’t invest in coal-based power plants: Envoy

Chinese Ambassador to Bangladesh Li Jiming said China will not invest in coal-based power plants in Bangladesh anymore.

He was addressing the China-Bangladesh Economic and Trade Cooperation Forum 2021 virtually and the inauguration of the seventh council of the Chinese Enterprises Association in Bangladesh (CEAB) on Tuesday.

The envoy further said China will no longer build new coal-based power projects in Bangladesh.

He said China strongly supports Bangladesh's green and low-carbon energy development.

Ambassador Li said China encourages Chinese enterprises to strengthen exchanges and cooperation with the business community of Bangladesh, especially in the manufacturing sector, to accelerate the green and low-carbon transformation and achieve greener development.

He suggested Chinese and Bangladeshi enterprises should actively explore and strive for new breakthroughs to promote China-Bangladesh economic and trade cooperation to a broader field and a deeper level.

Speaking on the occasion as chief guest, Salman F Rahman, Private Industry and Investment Advisor to the Prime Minister, congratulated the newly elected President and the seventh Council of CEAB.

He hoped that CEAB will play a constructive role for making a closer and stronger relationship for the two business communities of China and Bangladesh.

Salman F Rahman urged the Chinese businesses to take part in Bangladesh investment summit to be held in November.

He agreed to strengthen cooperation between the two countries and is willing to sign a G-G/PPP MOU with China as soon as possible to further deepen the economic and trade cooperation between the two nations.

CEAB president Ke Changliang said as the largest organization of Chinese enterprises in Bangladesh, the new Board of Directors will continue to conscientiously perform its responsibilities and strengthen ties with the Bangladeshi business community.

It will also work to inject new momentum into the economic and trade cooperation between the two countries in the "post-epidemic era", Changliang said.

The event was also addressed, among others, by Md Sirazul Islam, executive chairman of the Bangladesh Investment Development Authority (BIDA), Md Nazrul Islam, executive chairman of the Bangladesh Export Processing Zones Authority (BEPZA), Ali Ahsan, additional secretary member (Investment & Promotion) of BEZA.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Md Jashim Uddin, Bangladesh Economic Zones Authority (BEZA) executive chairman Shaikh Yusuf Harun and BCCCI president Gazi Golam Murtoza also spoke.

Besides, DCCI president Rizwan Rahman, Overseas Chinese Association in Bangladesh president Ngan Ka Hang Calvin, CEAB honorary life president Lin Weiqiang, Zhuang Lifeng, Yang Jianshui and CEAB vice president also attended the discussion.

CEAB, an association dedicated to bolster Chinese trade and investment in Bangladesh, has now grown rapidly with more than 260 members where almost every large-scale Chinese company in Bangladesh joined.