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
A day after the Election Commission primarily cleared little-known Bangladesh Nationalist Movement (BNM) and Bangladesh Supreme Party (BSP) for registration as political parties,
Most of the projects in the power sector are not completed on time, with some seeing as much as 300 percent cost overruns, said a recent report of the Implementation Monitoring and Evaluation Division (IMED).
Says IMED in a report on the power sector
Amid a cost of living crisis, providing cash support to the poor and endeavouring to tame inflation would be the logical actions. But the government is not toeing that line.
Of the 153 power plants in the country, 49 are operating at capacity, which explains the ongoing power outages amid the searing summer heat.
With the country’s biggest power producer, Payra Power Plant, temporarily closing yesterday, the government is now looking at plants that are doing dry runs to ease load shedding.
Nobody knows exactly when the power cuts will end
As the current heatwave gets worse, the country’s power shortage shows no signs of improvement.
There was a time not so long ago when Bangladesh Film Development Corporation was abuzz with various activities -- from shooting films to dubbing and editing.
The budget almost halved the allocation for the energy sector and proposed a flat import duty of Tk 13.75 for each litre of 11 imported refined petroleum products instead of the current 15 percent VAT and 5 percent advance tax on import.
