No more investment in coal-based power plants in Bangladesh: Chinese envoy

China will not invest in coal-based power plants in Bangladesh anymore, Chinese Ambassador Li Jiming said today.

"China will no longer build new coal-based power projects in Bangladesh," he said.

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Jiming was speaking virtually at the China-Bangladesh Economic and Trade Cooperation Forum 2021 and the inauguration of the seventh council of the Chinese Enterprises Association in Bangladesh (CEAB).

While striving to achieve its carbon peak by 2030 and carbon neutrality by 2060, China will also strongly support Bangladesh's green and low-carbon energy development, he said.

According to the envoy, China encourages Chinese enterprises to strengthen exchanges and cooperation with the business community of Bangladesh, especially in the manufacturing sector, to accelerate the green and low-carbon transformation and achieve greener development.

"Chinese and Bangladesh enterprises should actively explore and strive for new breakthroughs to promote China-Bangladesh economic and trade cooperation to a broader field and a deeper level."

Salman F Rahman, adviser of the prime minister on private industry and investment; Md Sirazul Islam, executive chairman of the Bangladesh Investment Development Authority; Md Nazrul Islam, executive chairman of the Bangladesh Export Processing Zones Authority; Shaikh Yusuf Harun, executive chairman of the Bangladesh Economic Zones Authority; Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry; and Ke Changliang, president of the CEAB, also spoke.

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