11th January 2018

 We regret that we inadvertently published content of a different interview in the name of Mr Rezwanul Kabeer, Director, Energypac, with the headline “Energy Sector Loses Transparency” on page 17 in the issue dated January 1, 2018.

We sincerely apologize for this unintentional delinquency. 

In fact, the actual headline of Mr Kabeer’s interview was that: Govt Working on Sustainable Energy Sector Development.”

Content-wise, he said: “We have come leaps and bounds in the past seven to eight years and that is all because of the admirably bold initiatives that our government took in the Power and Energy sector.”

As a result, he said, the nation was continuously prospering, going toe-to-toe with the neighboring countries with higher economic growth rate than that of many of the developed counterparts.

This has undoubtedly been a beacon of opportunity for our western competitors to venture into this region and further accentuate the competition in our market, he said.

Moreover, the nation has already set sail on to more clean and alternative fuel sources and, at the same time, the government has been working on the development of our local manpower capacity for the sustainable development of the sector in the long run, said Mr Kabeer.

In past few years, local entrepreneurs have contributed a lot by supplying almost 50% power to the national grid. Mr Kabeer expected the government to continue encouraging the local capacity building so that the graduation to higher capacity power plants and technology would help the nation stay competitive and reliant on local expertise. 

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