Archive for the ‘private sector’ Category

A Simple Demand !!

Wednesday, June 2nd, 2010

Digitalised Bangladesh is now a days is common dream of Bangladeshi. No political question!

If we simplify what is digital Bangladesh ? I answer : A well managed Bangladesh.
To manage well ,we always need to clear about our resources .From my best knowledge i demand a High Powerful Bangladesh Resources Research Centre (BRRC)
To explore the opportunity of the ultimate resources of Bangladesh which grow the potential Bangladesh as a Sucessful contry Bangladesh must should develop a high oppotunity powered Research centre for exploring the resources of Bangladesh , natural resources or human resources or opportunity resources . The Research centre can be co up with the Ministry of planning .

Higher education opportunity in Bangladesh

Wednesday, April 21st, 2010

Sources :Bangladesh improved the quality of education,specially on modernisation through the private universities.The Private University Act is one of the significant and a very effective measures of the past political governments. During the B.N.P government the Private University Act was passed in 1992: The Awami League government had amended this Act in 1998. Nobody thought, in 16 years from 1992 to 2008, private university would gradually attain the capability of giving guidance and applying authority in higher education sector. But in reality it happened. In the history of higher education in Bangladesh the private universities within a very short time were able to establish a significant contribution. At least 50 private universities have so far been established since 1992. As a result, a pressing competitive environment persists in higher education sector. The students of ours interested in higher education are gaining knowledge by stepping down in this competition. The private universities are compelled to enhance the quality of education with a view to surviving in this competitive situation. They have decreased the rate of tuition fees of the students and taken up the initiative to give quality education at affordable expenses with a hope to get more students and cope with the competition. This is the very realistic feature of a full competitive market. These constructive and positive competitions open the door of well certain possibility of higher education for the talented but poor students by enjoying the waiver facility. Through this process the private universities expend 25% of their annual income for giving student’s scholarship.

The student enrolment in the private universities is significantly higher than 2(two) lac. The government does not need to expend any money for their studies. This environment of higher education has decreased the burden of public expenditure.

Because of the aforesaid competitive environment, all the private universities remain busy in order to appoint quality teachers, upgrade library and laboratory and modernise the classroom and office room equipping with all sorts of physical facilities. Besides, these universities also remain committed to extend academic and non-academic services. In the past the teacher-community of Bangladesh was the poorest one. The life style of the teachers engaged in the higher education has already changed due to the development of the private university culture.

In the past, it was also beyond the imagination that the teachers in Bangladesh may draw from one lac to one-and-a-half lac taka per month as remuneration. But at present the teachers have got a good environment of jobs in education sector with high remuneration according to their market values.

On the other and, the public university is facing competition to catch hold of good teachers. Under the circumstances, the government is compelled to enhance the remuneration of the teachers of the public ‘Universities, though to some extent, to catch hold of quality teachers. So far as the life style of the teacher community is concerned, they are now in good position. Their fascination for going abroad has however, reduced.

Moreover, many Bangladeshi teachers have already started coming back to Bangladesh leaving their jobs abroad.

As a result of blooming of private university culture, the brain drain from Bangladesh has almost stopped. In 54 private universities nearly 20 (twenty) thousand manpower including fulltime and part-time teachers, officers and staff have been engaged as employees. If the private universities had not been established, most of these huge number of highly educated manpower would have gone abroad.

Though their amount of remuneration in Bangladesh is less than that, foreign currencies to some extent, yet there is hardly difference in respect of the utility of such remuneration. Because, the teachers staying in Bangladesh and utilising their merit are making newly meritorious and productive manpower.

These newly formed modern and productive meritorious manpower are taking part in national development, are mobilising the country ahead.

Before the establishment of private universities, the children belonging to solvent families would go abroad for acquiring higher education. Sending students only to India, Bangladesh would incur a loss of hundreds of crores of foreign currencies. Besides, sending students to different European countries including Australia, Canada, England and America, Bangladesh would expend thousands of crore foreign currencies. Though it cannot be said that at present the loss of foreign currencies has totally stopped in this sector, yet it can undoubtedly be said that the loss of foreign currencies has comparatively reduced.

The explicit proof of it lies in our hands. Now it is hardly seen that the Bangladeshi students go to India for higher studies.

Even now only a few students go to the other countries including Canada, Australia and England than before for higher studies. Now it is observed that some concerned personnel from different universities of England, Australia, Canada and Cyprus visit Bangladesh with a view to collecting students for their universities. In the past, it was beyond our imagination that Bangladesh was considered so large catchment area in order to collect students for the universities abroad. In other words, the universities set up in different European countries would run with the students of ours. According to an opinion of a student welfare officer coming from England that Bangladesh is a larger catchment area for them than that of India. Bangladesh was able to save thousands of crores of foreign currencies for the timely implementation of Private University Act.

It is mani fest from the above discussion that for the generous principle and production- oriented mentality of the politicians belonging to both Awami-League and B.N.P behind the making and enactment of Private University Act, it has been possible to establish more than half a hundred private universities within so shorter time. Since hundreds of persons have taken initiatives with courage to establish private universities and have invested hundreds of crores taka in this sector, now upholding our heads can sing a song of victory to private universities.

This contribution of the law makers and the investors will survive in the history of education in Bangladesh as a milestone. Now it is our responsibility to save this long expected and favourable environment of higher education for long-term basis. It is also our sensibility to increase the standard of higher education in private universities with low and affordable expenses. Besides, for the purpose of income, development and prospect of the country we should put an effort for utilising this fruitful contribution of the private universities.

Bangladesh approves nuke power deal with Russia

Wednesday, April 14th, 2010

Bangladesh has approved a draft for a deal with Russia to set up a nuclear power plant in the power-starved South Asian nation, a government spokesman said Tuesday.The government has agreed a draft deal on establishing a nuclear power plant with Russia.

The decision was made at a cabinet meeting on Monday with prime minister Sheikh Hasina in the chair.

Bangladesh signed an agreement with Russia last year for cooperation in peaceful use of nuclear power. Hasina is expected to discuss the deal for the new plant in a visit to Russia, which has yet to be scheduled.

Bangladesh intends to set up the plant at Rooppur, which is 75 miles (120 kilometers) north of the capital, Dhaka.

Entrepreneurs in Bangladesh say power shortages are hampering production in their factories, as its mostly gas-fired, decades-old power plants are failing to generate adequate electricity.

Bangladesh, a nation of 150 million people, has a daily shortfall of about 2,000 megawatts of electricity. The government says gas production has decreased in recent years.

The country is also looking for options to switch to coal-fired power plants as it has six coal fields with about 3.3 billion tons of estimated reserves.

The Asian Development Bank in a report on Tuesday said Bangladesh’s economy might suffer if the government failed to generate more electricity to feed its industries.

Land Acquisition for Chittagong Power Plant, Bangldaesh

Thursday, March 18th, 2010

The Bangladesh government has decided to set up 10 power plants with a capacity of generating 830 mw on emergency basis to meet the growing demand for electricity.

Briefing reporters after an Executive Council of the National Economic Council (ECNEC) meeting at the NEC conference room here. Total of Taka 7,203 crpre will be needed to set up the new power plants and those would be kept operational during peak hours.

Prime Minister and ECNEC chairperson Sheikh Hasina presided over the meeting. Ministers and concerned secretaries were present at the meeting, said a press release.

Planning Minister Air Vice Marshal (retd) AK Khandaker today said the project would be entirely be financed

by the government and it would be implemented by the end of next year.
These power plants are expensive as it would be diesel-run and that is why the power plants would be kept operative four to five hours a day.
The ECNEC meeting gave approval to seven projects involving Taka 13,822 crore including Taka 914 crore project aid.


Sources : The Chittagong City Corporation has completed land acquisition and survey for setting up a 500MW power plant at Raipur under Anowara upzila and the construction of a 12.5km elevated expressway in the port city at a cost of Tk 5,150 crore.

Sources in the engineering department of the corporation said the 500MW coal-based power plant would be set up at Raipur, south side of the River Karnaphuli in the city, on a build-operate-and-transfer basis at a cost of Tk 3,650 crore while the 12.5km elevated expressway will start at the city?s Dewanhat to Chittagong Shah Amanat International Airport at a cost of Tk 1,500 crore.

The CCC has already acquired 20 acres of land and completed other survey of the power plant project.

The CCC sources said after approval by the LGRD ministry, the proposed project has already been sent to the Planning Commission for vetting.

The Planning Commission asked the CCC to amend a few articles of the project profile within March 15 next. With necessary amendment, the project profile is likely to be sent to the Planning Commission for approval within May next.

If the proposed power plant is completed, the people of Chittagong would get rid of load shedding and the city dwellers will be relieved of the exhausting traffic congestion at Agrabad commercial area after constructing 12.5km Dewanhat to Airport Expressway, the source added.

Sources said the development works of the said two projects were expected to begin by July-August this year and be completed in the next three years and a half.

Foreign investors showed their eagerness to invest for operating the projects for 25 years while the city corporation would also earn a portion of the profit from the project, the CCC planning department sources said.

The investors will hand over the projects to the city corporation after 25 years of their operation, the source added.

It said the government would provide security bond to the investors for their investment in the projects.

A senior engineer of the CCC said the investors from Malaysia, China and Singapore had already expressed their interests to invest and implement the projects.

The ministry concerned directed the initiators of the project to operate the power plant projects using coal as the gas supply is not sufficient in Chittagong to run the project.

The city corporation chief engineer, Abul Hasnat, said the people of Chittagong had been facing untold suffering because of traffic jam in the 12.5km stretch of road from Dewanhat to Airport every day.

The city corporation is likely to float tender for the elevated expressway by next month, CCC sources said.

According to the Chittagong Development Authority Master-plan about five to six thousand vehicles ply the Dewanhat-Airport road per hour.

After construction of the expressway, the users will use the road by paying tolls to the investors and would be able to reach their destinations within a short time.

The system of gate pass after paying specific tolls would be incorporated in five separate places of both ways of the elevated expressway.

Talking to the news agency, the Chittagong Development Authority chairman, Abdus Salam, said, ?We need such infrastructural development for upgrading Chittagong as a world class city.?

Bangladesh PPP project -Govt to create fund for energy sector

Tuesday, March 9th, 2010

Source :The government is going to create first ever fund for energy sector to encourage public-private partnership (PPP) projects with an option to raise money from the capital market amid growing power outage and demand.

It will be a general pool of fund operated under a company and it will be used in PPP projects on equity or debt basis.

The projects can also have the option to raise fund from the stock market to gather necessary funding.

The government would create the fund to encourage the private sector to come forward with new energy-related projects.

A committee, which was assigned to find out a way to raise funds for the power sector, submitted its report to the government recently. Deputy Governor of Bangladesh Bank Ziaul Hasan Siddiqui headed the committee.

Initially, the government would provide Tk 15 billion (1,500 crore) as seed money for the fund and Tk 10 billion will be raised from non-resident Bangladeshis and other investors, said Securities and Exchange Commission (SEC) member Mohammed Yeasin Ali, also a member of the committee.

The fund will be a ‘patient capital’ which means the return from the investment will be long-term in nature but with commercially viable profit, he said.

“A potential entrepreneur can seek investment and if the project is viable the fund will provide a portion of the cost,” he added.

The entrepreneur will have to invest from his own pocket and he can also raise funds from the stock market, Mr Yeasin said.

It will be a mixture of investments from individuals and the fund; and the investor can also raise an amount from the stock market, he explained.

An experienced manager will be appointed to manage the fund and he will ensure the profitability from the projects financed, he added.

Chairman of Bangladesh Power Development Board (PDB) ASM Alamgir Kabir said foreign direct investments or the government can finance the big projects, but this fund will be used to finance small-scale projects.

“Mega power plants or gas exploration projects need huge investments and the fund cannot cater to the need of such projects,” he said.

The fund can finance joint ventures or other small-scale projects of may be 100 megawatt (mw) capacity, he added.

The government has plans to generate 8,000 mw power in the next five years and it needs about $7 billion for that, Mr Alamgir said.

The committee proposed that the fund will be a limited company for long-term capital appreciation and it will only consider those projects which have over 15 per cent internal rate of return (IRR), the report said.

The government’s seed money of Tk 15 billion can be channelised from the Tk 25 billion PPP fund earmarked in the current budget, it added.