In Bangladesh, if the government had used poultry waste for generating electricity, instead of costly diesel then it could have saved foreign currency. It could also have avoided a free fall of the local currency that is causing the inflation. "Poultry waste can generate 2,000 megawatts of power annually at a much lower cost than what the country is incurring now," said Dr Atiur Rahman, governor of Bangladesh Bank.
Bangladesh had to import oil worth over US$6 billion (€4.628 billion), this fiscal year, mainly to feed the rental power plants. Moreover, a good amount of money is being spent on fertiliser imports. The consequence is that demand for the dollar is now record high and the local currency was devalued over 15 percent against the dollar in 2011. Read more ...
Bangladesh had to import oil worth over US$6 billion (€4.628 billion), this fiscal year, mainly to feed the rental power plants. Moreover, a good amount of money is being spent on fertiliser imports. The consequence is that demand for the dollar is now record high and the local currency was devalued over 15 percent against the dollar in 2011. Read more ...
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