Minister calls for R&D in renewable energy
Three-day solar equipment fair kicks off
Star Business Report
State Minister for Power Mohammad Enamul Haque yesterday urged solar energy product manufacturers of the country to invest in research and development to make the renewable items affordable for the general mass.
“Put some money for research and development and make it (renewable energy) affordable for the general people. Don’t think about profits only,” the minister said.
Haque spoke at the inauguration of the “Sixth Power Bangladesh 2011 International Expo” at Bangabandhu International Conference Centre in the capital.
CEMS-Global (Conference and Exhibition Management Services) is organising the three-day fair to showcase alternative power solutions.
A total of 112 companies from 18 countries, including Bangladesh, are taking part at the event to exhibit different products relating to power generation and transmission, alternative and solar power, energy and renewable energy.
The minister said the government has set targets to produce 5 percent of the total electricity by 2015 and 10 percent by 2020 from renewable energy sources.
Haque said solar home systems have already become very popular in the country. Infrastructure Development Company Ltd has so far installed over 10 lakh solar home systems in the rural areas of the country.
He said the government plans to give tax incentive for the commercial production of solar energy products in the country.
He also stressed the need for the use of efficient appliances to save power consumption.
“Although the use of renewable energy, like solar and wind power, is relatively expensive, we should go for such energy to harness its potentials,” said Aftab Ul Islam, president of American Chamber of Commerce in Bangladesh,
Islam urged the country’s financial institutions to take initiatives for the development of the renewable energy sector.
The exhibition places special emphasis on renewable energy, solar/photovoltaic power to encourage investment in this sector to meet the ever-growing demand and lessen people’s dependency on existing resources, said Meherun N Islam, president of CEMS-Global.
Munawar Misbah Moin, managing director of Rahimafrooz Energy Services Ltd; Rezwanul Kabeer, director of Energypac Power Generation Ltd; Nazmul Haque, executive vice president of Bangla Trac Ltd; and Imdad Haque, chairman of Price Club General Trading Ltd, also spoke.
The fair remains open to all from 10.30am to 7.30pm.
Some more exhibitions focusing on electric power equipment and technology are also taking place on the same venue. They are: Renewable Energy Bangladesh 2011 Int’l Expo, Solar Bangladesh 2011 Int’l Expo, and E-Power Bangladesh 2011 Int’l Expo.