Energy Security Fund Explained

Energy Security Fund
Formation:2015
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali

Energy Security Fund is a Bangladesh government fund that was formed to fund gas exploration and extraction projects in Bangladesh.[1] It is funded through a fee on domestic gas bills.[2]

History

Energy Security Fund was established in September 2015 by Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources. It is managed by Petrobangla.[3] Its creation was approved by Bangladesh Energy Regulatory Commission. The fund had over 70 billion taka in 2017.[4]

Notes and References

  1. News: Still no policy on using Energy Security Fund . 6 April 2020 . Dhaka Tribune . 26 August 2016.
  2. News: Gas Price Hike: HC rejects plea for stay order . 6 April 2020 . The Daily Star . 10 July 2019 . en.
  3. News: 20-year Energy Security Fund formulated for LNG import . 6 April 2020 . energybd . 26 July 2019 . https://web.archive.org/web/20190726020817/http://energynewsbd.com/details.php?id=1131 . dead.
  4. News: Govt to use Tk 70b from energy security fund for LNG import . 6 April 2020 . Daily Sun . en.

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