FBCCI for further exploration of oil, gas, coal
FE REPORT | Monday, 19 February 2024
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has recommended strengthening the ongoing oil, gas and coal exploration efforts, aiming to ensure uninterrupted supply of energy to the industries and other sectors.
The apex-trade body made the recommendation at the first meeting of its standing committee on the 'Power Energy and Utility Affairs' at its Motijheel office in the capital on Sunday.
While presiding over the meeting, FBCCI President Mahbubul Alam said that the uninterrupted supply of energy to the industries is a heartfelt and longstanding demand of the business community.
But, the supply of energy to the industrial belt was partly hampering due to some global crises. The increased production cost has also contributed to the increase in the prices of essential products, he said.
"We've been maintaining regular communication with the government on how to supply uninterrupted supply of power during the upcoming Sumner season," he maintained.
"There is no alternative to the uninterrupted supply of energy to the country's economy," he continued.
He has called upon the businessmen to come forward with recommendations for the development of the country's energy sector.
FBCCI Senior Vice-President Md Amin Helaly said that the country's energy sector has improved a lot over the last 15 years.
He stressed that government initiatives along with private sector participation and investment are vital for energy sector development.
FBCCI Director Mohammad Riyad Ali said there is no alternative to the exploration of oil, gas and coal in order to keep uninterrupted supply of energy to the industries and other sectors.
FBCCI Vice-President Md Munir Hossain and its Director Haji Hafez Haroon and former Director and Chairman of Max Group Engineer Golam Mohammad Alamgir were present, among others.