Note: I am on vacation. Patchy internet coverage implies I won’t be doing much heavy writing but I figure I should get rid of some odds & ends and “color” notes I’ve been collecting. “Normal” service should return in a week. Maybe more. This one is about an interesting — to say the least — encounter I had on a fishing trip in Bangladesh a while ago. My sources tell me the person and the circumstances haven’t changed much.
By most accounts, one of the disasters facing Bangladesh is the dire shortage of electric power in the country. That it doesn’t is testament to the ruling elites’ singular venal incompetence. The for-profit private sector is rather better at their job and I’ve been sniffing around looking for some investment opportunities for a while. Public equities in the country are a mug’s game, but the power sector looked interesting because it is that nexus of infrastructure & real assets I love while the investment opportunities were also private. Continue reading “Background: Bangladesh’s Power Shortage Crisis is Attracting Some very Strange Operators”