$14b lost to capital flight a year during AL years
Bangladesh has lost around $14 billion a year on average to capital flight during the Awami League’s 15-year tenure, according to the draft report of the committee preparing a white paper on the economy.
1h ago
Nagorik committee: Members split over ex-Shibir leader joining
Jatiya Nagorik Committee has included a former top leader of Islami Chhatra Shibir in its extended central committee, ignoring objections from a section of committee members.
2d ago
Power, Energy Sector: Arrears, subsidies weighing down govt
The interim government is struggling to pay the power bill arrears that were caused largely by “unfair” contracts signed between the previous administration and power producers, and rising international fuel prices.
6d ago
Now coal power plants scaling back production
Coal-fired power plants are dialling down production or even shutting down due to financial, legal or technical issues, leading to power cuts across the country, especially the rural areas.
3w ago
Outstanding bills: Adani halves power supply to Bangladesh
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
3w ago
Heatwave cost Bangladesh $21b last year
Heat exposure had severe economic consequences for Bangladesh last year, leading to an estimated income loss of $21 billion due to reduced labour capacity, according to the latest Lancet Countdown report.
4w ago
AL govt put finance adviser, BB governor in legal trouble
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
1m ago
‘They got capacity charges for 16yrs. Not anymore’
A retired bureaucrat, Muhammad Fouzul Kabir Khan has been tasked with heading three significant ministries for the economy: power, energy and mineral resources; road transport and bridges; and railways.
1m ago
May 10, 2023
A third of power capacity unutilised
About one-third of the country’s total power generation capacity remains unutilised when people across the country are enduring mild and moderate heatwaves.
May 9, 2023
Offshore Gas Exploration: Petrobangla drafts new negotiation guidelines
Petrobangla has prepared a draft of the Production Sharing Contract (PSC) for offshore gas exploration that improves the state-owned company’s bargaining position when it sits down for negotiation with global oil companies.
May 7, 2023
On the cusp of finding a new gas field
Bapex believes it has discovered a gas field at Ilisha union in Bhola.
April 19, 2023
Outages intensify despite record power generation
Frequent power cuts outside the cities have been making people’s lives miserable for a week amid the heatwave.
April 7, 2023
Adani Power chapter begins in Bangladesh
Bangladesh has started to receive about 750 megawatts of electricity from the Adani power plant in India yesterday, putting to bed the suspense surrounding the start of the cross-border transmission.
March 12, 2023
Transmitting Adani’s power to get costlier
The overall cost for transmitting electricity from the Adani power plant in Godda, Jharkhand is set to increase further as two projects meant for that end are eyeing cost and time revisions.
March 1, 2023
Electricity price hiked again by 5pc
The government yesterday increased the electricity price by 5 percent, the third such hike this year, at a time when fuel and energy prices are on the decline around the world.
February 28, 2023
Adani power purchase against ‘public policy’: How could such a deal be signed?
"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"
February 27, 2023
Heads Adani wins, tails Bangladesh loses
Gain is for Gautam Adani and loss for Bangladesh: that is how the electricity purchase deal with the Indian business tycoon may turn out to be
February 16, 2023
Power Supply During Summer: At least $4.45b needed to cover fuel costs
At least $4.45 billion is needed in fuel costs to ensure adequate power supply from February to June, when demand is set to increase by more than 50 percent, the Bangladesh Power Development Board (PDB) estimates.
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