Based on private electricity producers’ request, the Power Development Board (PDB) asked Bangladesh Petroleum Corporation (BPC) to nearly triple its import of furnace oil to around 500,000 tonnes a month so that the electricity demand in the summer can be met.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
Government officials will face death penalty or minimum life sentence if found guilty of causing the death of enforced disappearance victims, according to a draft ordinance unveiled yesterday.
As much as $900 million has been on hold since 2022 in the central bank's escrow account
The interim government may backtrack from its initial plan to set an ambitious GDP growth target of 6 percent for the next fiscal year amid the new economic reality and settle for 5.5 percent.
The government has set new gas tariffs for the industrial sector, hiking the price by 33 percent for new units, despite objections from businesses and consumer rights organisations.
Bangladesh’s power sector is burdened by overcapacity and systemic inefficiencies, hindering its ability to deliver reliable and cost-effective electricity, says Prof Dr Saifur Rahman, a Bangladeshi expert based in the US.
Protesting students began reaching out to Nobel laureate Professor Muhammad Yunus as early as August 1, 2024, through his colleagues, at the peak of the mass uprising against the ousted Prime Minister Sheikh Hasina.
Despite amassing the required one percent voter signatures to contest the national polls as an independent candidate, around 36 percent of independents couldn’t even secure one percent vote in the January 7 election.
At least 15 percent of the country’s 71 independent power producers were sitting idle for 80 percent of the time last fiscal year, raising questions about their need.
Awami League bagged less votes in the January 7 national polls compared to the previous two general elections, according to Election Commission data.
The gas supply now is the lowest since April 2020, shows data from Petrobangla -- in a development that informs the acute crisis plaguing the industrial sector as well as households.
A total of 1,441 candidates out of 1,969 who contested the January 7 polls lost their security deposits for failing to secure the minimum required votes.
Even though the government has approved a guideline, experts point out concerns in carrying flammable items in such manner
Khadiza Begum, a resident of Mirpur’s Jheelpar slum, has been struggling to cope up with expenses amid persistent inflation.
AK Azad, an Awami League leader who ran as an independent, had to fight against all odds to win yesterday’s parliamentary polls from Faridpur-3.
US dollar crunch in 2023 hurt electricity sector as lower imports of LNG and coal caused lower power generation
The Bangladesh Power Development Board’s losses soared 52.4 percent to its highest level yet in fiscal 2022-23 -- a year that saw record subsidy and a 29.6 percent hike in the bulk electricity price.
