By Austin Bodetti
While China’s domination of the telecommunications industry in Asia has become a fact of life, the world power has established a foothold in another sector in Bangladesh: the energy industry. Plagued by persistent energy crises, the South Asian country has turned to courting foreign direct investment to fill its ever-growing gap between energy consumption and supply. For its part, China seems willing to foot the bill. China Huadian Hong Kong Company Limited agreed to construct one power plant in Bangladesh last year, and PowerChina partnered with a British counterpart to build another earlier this year.
“Bangladesh has for some time been constrained by energy supply problems, and this has led the government to explore foreign investment options,” said David Lewis, a professor of social policy at the London School of Economics and author of Bangladesh: Politics, Economics, and Civil Society.