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Bangladesh unveils $5.8 billion energy investment, two JV's with General Electric

Reuters  |  DHAKA 

By Serajul QuadirDHAKA (Reuters) - Bangladesh announced two major energy deals on Wednesday, with a total $5.8 billion investment, two involving U.S. firm General Electric.Nearly 30 percent of Bangladesh's population do not have access to electricity. The country relies on its gas resources for 70 percent of its energy production but as demand has risen its supply has struggled to keep up and the country is now becoming an LNG importer.One of the joint ventures unveiled on Wednesday is a partnership between U.S. General Electric, Japan's Mitsubishi Corporation and local privately-owned ...

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First Published: Wed, July 11 2018. 21:02 IST