DHAKA, Oct 21, 2018 (BSS) – The power, energy and mineral resources ministry initiated a bold step to install a first ever smart pre-paid meter manufacturing factory in Khulna to meet local demand.
A state-owned West Zone Power Distribution Company (WZPDCL) and Chinese Hexing Electrical Company Limited today signed a joint venture agreement to set up a manufacturing unit in Bangladesh under the name and style as Bangladesh Smart Electrical Company Limited.
According to the deal, WZPDCL and Chinese Hexing Electrical Company Limited will jointly install the factory under 51:49 ownership basis.
Addressing the function as the chief guest State Minister for Power, Energy and Mineral Resources Nasrul Hamid asked other power related companies for taking such of this initiative to produce electrical materials in the country so that smart prepaid meter factory could produce quality products alongside price would be fixed through competition.
“With Prime Minister Sheikh Hasina’s dynamic leadership the power ministry has undertaken the initiative and signed a joint venture deal with Chinese Hexing Electrical Company Limited (HECL) for the factory,” he said.
Secretary of WZPDCL Abdul Motaleb and chairman of HECL Zhou Liangzhang signed the deal on behalf of their respective sides at Biduyt Bhaban.
Among others, Power Secretary Dr Ahmad Kaikaus, WZPDCL Chairman Maksuda Khatun, BPDB Chairman Khaled Mahmood, Managing Director of WZPDCL M Shafique Uddin and officials concerned attended the singing ceremony.
M Shafique Uddin, Managing Director of WZPDCL said that the government is committed to transform the country into “Digital Bangladesh” within 2021, adding, “The main objective of the digital Bangladesh is to enhance the quality of service and make the government service available to door step of every citizen.”
The contract detail said that the factory would begin its production from next year.