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Denmark proposes $1.3bn investment for offshore wind energy project in Bangladesh

In line with the Mujib Climate Prosperity Plan, Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) - the world's leading renewable energy investor and developer - have submitted a $1.3 billion investment proposal to the Government of Bangladesh for developing a commercial offshore wind project off the coast of the Bay of Bengal. The
Summit Group Institute For Energy Economics World Bank Development Cooperation Mujib Climate Prosperity Plan Copenhagen Infrastructure Partners

Danish firms offer $1.3b for offshore wind energy project

Bangladesh's offshore wind energy is expecting a big boost soon as Denmark-based investor CIP and developer COP have joined hands with local conglomerate Summit Group for developing a $1.3 billion wind power project off the coast of the Bay of Bengal. In a proposal submitted to the Prime Minister's Office, the Danish investors wished to implement the project with 500MW
Winnie Estrup Petersen Cox Bazar Centro Elettrotecnico Sperimentale Italiano Nurul Alam Ministry Of Power World Bank

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GE plans big for Bangladesh

US industrial giant General Electric has been doing business in Bangladesh since 1970 and plans to go for bigger investments to tap immense business potential as demand for electricity is on the rise in the country. Jeffrey Goldmeer, global hydrogen value chain leader for GE Power, talked about his companyโ€™s journey in Bangladesh, current business, and future plans during an
Bangladesh General Jeffrey Goldmeer Ge Healthcare Summit Group General Electric Daily Star

Nagad incurs Tk625cr loss, builds hope on Tk510cr bond

Mobile financial services (MFS) provider Nagad has incurred a loss of Tk625 crore since its inception in 2018, mainly due to substantial promotional and administrative expenses, says a prospectus submitted to the Bangladesh Securities and Exchange Commission (BSEC).  The company, which operates under an agreement with Bangladesh Post Office on the basis of sharing revenue
Muhammad Farid Khan Tanvira Mishuk Rezaul Karim Muhammad Zahidul Islam Nagad Ltd Exchange Commission

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