Bangladesh needs to expand its renewable energy capacity by 21 percent annually to meet its latest green energy target by 2030, requiring nearly $1 billion in yearly investment, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA).
The government plans to scale back its dependence on foreign loans as it seeks to mitigate threats to external debt sustainability.
The government has updated the Renewable Energy Policy after 17 years, aiming to produce at least 20 percent of the national power demand from green sources by 2030.
Target set to meet 20% of power demand from green sources by 2030
The loan utilisation period for the Rooppur Nuclear Power Plant is set to be extended by three years, as about $3.38 billion of the Russian credit remains unspent after the original deadline expired in December 2024.
Bangladesh's total debt reached Tk 1,944,171 crore by December 2024, increasing debt servicing pressure
The proposal to release the third and fourth tranches of the International Monetary Fund’s $4.7 billion loan is set to be presented to the multilateral lender’s board on June 23 after the government fulfilled all prior conditions.
Demonstrators' demands include removal of REB chairman, unified service rule
The IMF staff mission is willing to set a lower target for foreign currency reserves for this December and June next year provided the Bangladesh Bank adopts the crawling peg method to manage the exchange rate.
Bangladesh Bank introduced a new formula in June to determine the lending interest rate and brought about a single exchange rate recently but both are yet to be determined by the open market, the International Monetary Fund (IMF) has said.
The government-run Tongi 105-megawatt power station did not produce a single watt of electricity in 2017-18, 2019-20, 2020-21 and 2021-22. In the whole year of 2018-19,
Bangladesh Energy Regulatory Commission fixes price of liquefied petroleum gas every month, but consumers buy the key fuel at a higher price due to non-compliance by importers, distributors, and retailers.
The much-awaited Rooppur nuclear power plant is coming along at more or less the expected pace but the country has to wait longer to enjoy the benefits as the power evacuation facility from the plant would not be ready on time.
The deadline for the “Installation of Single Point Mooring (SPM) with Double Line” project will be extended for the fourth time with the cost to be raised by around Tk 1,000 crore, or 15 percent, according to the Planning Commission.
The plans to finalise a system to automatically synchronise domestic fuel prices with international ones from September may get delayed.
With local gas production on the wane, import dependency in the power and energy sector is on the rise, in what can be viewed as a threat to national energy security, according to experts.
Though the government has allocated a large amount of subsidy to the power sector, it is unable to disburse the amount as per demand due to narrow fiscal space.
Aiming to safeguard intellectual property rights, the government is going to increase the punishment for violating copyrights, with more specific definitions and the inclusion of some new provisions.
