$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.
4h 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
February 7, 2023
BPDB seeks discount from Adani Power
Bangladesh has sought a temporary discount from Adani Power on the price of coal that would fire the thermal power plant in Godda, Jharkhand in light of the escalating prices, said the Indian electricity producer.
February 2, 2023
Bottled LPG Price: BERC rate just on paper
Retailers are not following the fixed price of bottled liquified petroleum gas using the excuse of a supply crunch and a dated pricing method.
February 1, 2023
Retail power price: Hiked again, in just 3 weeks
The government yesterday increased the electricity price once again by 5 percent at the retail level -- the second hike in 19 days as it steadily retracts subsidies from the power sector while piling the burden on common people already struggling with inflation.
January 19, 2023
Fixing Energy Prices: Govt curtails BERC’s power as regulator
Due to government interventions, the independent oversight of the Bangladesh Energy Regulatory Commission is being compromised, crippling its ability to ensure transparency in the sector, energy at a reasonable cost, and consumers’ interest protection.
January 19, 2023
Big hike in gas prices for power plants, industry
The government yesterday raised the retail price of gas by 14.5 percent to 178.9 percent for industries, power plants and commercial establishments,
January 13, 2023
Power price hiked by 5pc
The government yesterday raised the electricity price for consumers, on average, by 5 percent, skirting around procedures of Bangladesh Energy Regulatory Commission (BERC).
January 5, 2023
We want better energy ties with Delhi: Nasrul
Bangladesh wants deeper ties with India in energy and power sector to avoid future energy crisis, State Minister for Power, Energy, and Mineral Resources Nasrul Hamid said yesterday.
January 4, 2023
Adani Godda Power Plant: Bangladesh likely to get 750MW by March
Bangladesh will start getting electricity from India’s Adani Godda Power Plant in March, said Nasrul Hamid, the state minister for power, energy and mineral resources.
December 24, 2022
1,000MW solar power project stuck in red tape
Despite the government’s commitment in the national plan to increase production of renewable energy, an investment proposal to produce 1,000 megawatts of solar power is waiting for approval at a time when the country is facing persistent power-cuts.
December 24, 2022
Ready for a grand gathering
Though the ruling Awami League said it will hold its 22nd national council in a simple manner, yesterday’s scenario at Suhrawardy Udyan hinted at a huge gathering.
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