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.
1d 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.
2w 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.
3w 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.
3w 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.
4w ago
IMF slashes growth forecast to 4.5 percent
After the World Bank, the International Monetary Fund has now brought down Bangladesh’s growth forecast for this year as political uncertainty, industrial unrest and floods weigh heavily on economic activities.
1m ago
Proposed policy reforms conducive to business confidence
The policy reforms being considered in Bangladesh will not only improve its business climate, but also increase foreign investment in the country, according to the top official of Excelerate Energy.
1m ago
July 21, 2024
Key organiser of quota demo 'picked up'
Nahid Islam, a key organisers of the anti-discrimination student movement, was picked up by plainclothes persons from a house in Sabujbagh early Saturday, according to witnesses..They alleged the people broke the locks of the building gates to enter and detain Nahid, a masters student of D
July 21, 2024
Key organiser of quota demo ‘picked up’
Nahid Islam, a key organisers of the anti-discrimination student movement, was picked up by plainclothes persons from a house in Sabujbagh early yesterday, according to witnesses.
July 21, 2024
Family’s struggle to bury a loved one
“Please help! We need money to send this body to his village for funeral. Donate whatever you can.”
July 20, 2024
Horror engulfs Badda, Rampura as bullets fly
It was absolute mayhem in Rampura and Badda areas on Friday..Quota protesters clashed with police and BGB personnel since morning to dusk, leaving at least 13 killed and over 500 injured. Many of the victims had bullet and shotgun pellet wounds on the upper part of their bodies..Thes
July 20, 2024
Horror engulfs Badda, Rampura as bullets fly
It was absolute mayhem in Rampura and Badda areas yesterday.
July 10, 2024
Urea output plummets on feeble gas supply
Bangladesh is mostly relying on imports for urea as gas shortage has brought local fertiliser production to a near halt, in a development that will cost the country dearly in terms of foreign currency reserves and food inflation.
July 3, 2024
Load shedding despite lower demand
Though the electricity demand has dropped with the onset of monsoon, the Bangladesh Power Development Board (PDB) is struggling to supply adequate power due to a shortage of gas and other fuel supply and maintenance works.
June 11, 2024
Gas crisis hits consumers hard
A two-week-long gas crisis has been affecting homes, factories, and vehicles that run on compressed natural gas, thanks to a dip in supply following the shutdown of an LNG regasification terminal in Cox’s Bazar on May 29.
June 10, 2024
Govt to bank on crawling peg, global interest rate cuts to rebuild reserves
The revised gross forex reserves target for the current fiscal year ending on June 30 was $29.1 billion. It stood at $24.23 billion on June 5, according to the traditional calculation of the Bangladesh Bank. To meet the goal, another $4.87 billion will have to be added to the reserves by this month.
June 9, 2024
Power Grid gets large sums as govt prioritises transmission, distribution
In Bangladesh, the power generation capacity increased to 30,277 megawatts in 2023-24 from 4,942 MW in 2009, said Finance Minister Abul Hassan Mahmood Ali in his budget speech.
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