Energy Security Fund

Energy Security Fund
Formation2015
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official 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]

References

  1. ^ "Still no policy on using Energy Security Fund". Dhaka Tribune. 26 August 2016. Retrieved 6 April 2020.
  2. ^ "Gas Price Hike: HC rejects plea for stay order". The Daily Star. 10 July 2019. Retrieved 6 April 2020.
  3. ^ "20-year Energy Security Fund formulated for LNG import". energybd. Archived from the original on 26 July 2019. Retrieved 6 April 2020.
  4. ^ "Govt to use Tk 70b from energy security fund for LNG import". Daily Sun. Retrieved 6 April 2020.


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