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
Power cuts are likely to increase in June as the dollar crisis, fuel shortage and maintenance work leave around 45 percent of the country’s power generation capacity unutilised at a time when the mercury is rising again.
Karnaphuli Gas Distribution Company Ltd (KGDCL) has severed gas connection of a Regent Power plant in Chattogram as the plant owes it Tk 8 crore in bills.
Coal shortage has forced officials to shut down a 660 megawatt unit of Payra power plant on May 25, a first in its three years of operation, and if things stay as they are, the other unit of the plant will stop production in about a week.
Without conducting a proper study, Titas has said the average household gas consumption is a lot more than the estimation made by the energy regulator last year.
About one-third of the country’s total power generation capacity remains unutilised when people across the country are enduring mild and moderate heatwaves.
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.
Bapex believes it has discovered a gas field at Ilisha union in Bhola.
Frequent power cuts outside the cities have been making people’s lives miserable for a week amid the heatwave.
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.
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.
