ession and hopefully will be able to mobilise $1 billion initially to implement some public-sector power projects,” the state minister told daily sun on Wednesday. He said state-run oil companies like Padma, Meghna and Jamuna have already been listed in the stock market to mobilize funds for financing their own projects. “We have a plan to issue shares, bonds and other financial instruments in the stock market for mobilising fund from public for the power projects,” he said. “The cost of fund is very high to implement power projects,” the state minister said. The government has a plan to generate 4,607MW of electricity from public- owned power project by 2018, according to power division officials. Besides, another 3,895MW of electricity would come from private power projects by the same period. As per the long-term roadmap, the government will implement seven coal-fired power projects in the public sector having a total capacity to generate 7,315MW of electricity. Besides, another 8,000MW and 3,660MW of electricity would come from coal-fired projects to be implemented in joint ventures and by private sector respectively. “We would require soft loan or funds from the stock market to implement these mega projects as term loans will be risky for such projects,” an official concerned said. The Power Division said it is concerned over the ‘investment risk’ associated with export credit agency (ECA) loans though it has already mobilised or has secured confirmation for funds worth $2.34 billion for implementing power projects from ECA funding. Lately, the government has been facing difficulty in mobilising soft loans for mega power projects in the public sector, officials informed. The government has so far invested $5 billion in power sector in last six years. It would require another $8 billion for the ongoing power projects, power division officials said. The Power Division would require $16 billion investment in the power sector by 2021. Country’s electricity generation capacity is 7,712MW as of May 6 this year.
Thursday, May 21, 2015
Govt eyes $1b fund from stock market:Daily Sun
ession and hopefully will be able to mobilise $1 billion initially to implement some public-sector power projects,” the state minister told daily sun on Wednesday. He said state-run oil companies like Padma, Meghna and Jamuna have already been listed in the stock market to mobilize funds for financing their own projects. “We have a plan to issue shares, bonds and other financial instruments in the stock market for mobilising fund from public for the power projects,” he said. “The cost of fund is very high to implement power projects,” the state minister said. The government has a plan to generate 4,607MW of electricity from public- owned power project by 2018, according to power division officials. Besides, another 3,895MW of electricity would come from private power projects by the same period. As per the long-term roadmap, the government will implement seven coal-fired power projects in the public sector having a total capacity to generate 7,315MW of electricity. Besides, another 8,000MW and 3,660MW of electricity would come from coal-fired projects to be implemented in joint ventures and by private sector respectively. “We would require soft loan or funds from the stock market to implement these mega projects as term loans will be risky for such projects,” an official concerned said. The Power Division said it is concerned over the ‘investment risk’ associated with export credit agency (ECA) loans though it has already mobilised or has secured confirmation for funds worth $2.34 billion for implementing power projects from ECA funding. Lately, the government has been facing difficulty in mobilising soft loans for mega power projects in the public sector, officials informed. The government has so far invested $5 billion in power sector in last six years. It would require another $8 billion for the ongoing power projects, power division officials said. The Power Division would require $16 billion investment in the power sector by 2021. Country’s electricity generation capacity is 7,712MW as of May 6 this year.
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