Bangladesh’s net inflow of foreign direct investment (FDI) in power sector in the past calendar year reached over six times compared to that of the previous year.
The central bank statistics showed that net inflow of FDI in the sector stood at US$1.01 billion ($1012.01 million), which was $163.51 million in 2017.
Bangladesh Bank said some $834.13 million Chinese investment in the power sector caused such a big jump in its FDI influx.
According to a report filed by FE Online, investment in the gas and petroleum sector, however, increased modestly during the period under review.
BB statistics showed that net inflow of FDI in the sector stood at $110.55 million last year, which was $96.86 million in 2017.
FDI gross inflow in the gas and petroleum sector was $116.33 million in the past year, while the figure for power was $1053.52 million.