Based on private electricity producers’ request, the Power Development Board (PDB) asked Bangladesh Petroleum Corporation (BPC) to nearly triple its import of furnace oil to around 500,000 tonnes a month so that the electricity demand in the summer can be met.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
Government officials will face death penalty or minimum life sentence if found guilty of causing the death of enforced disappearance victims, according to a draft ordinance unveiled yesterday.
As much as $900 million has been on hold since 2022 in the central bank's escrow account
The interim government may backtrack from its initial plan to set an ambitious GDP growth target of 6 percent for the next fiscal year amid the new economic reality and settle for 5.5 percent.
The government has set new gas tariffs for the industrial sector, hiking the price by 33 percent for new units, despite objections from businesses and consumer rights organisations.
Bangladesh’s power sector is burdened by overcapacity and systemic inefficiencies, hindering its ability to deliver reliable and cost-effective electricity, says Prof Dr Saifur Rahman, a Bangladeshi expert based in the US.
Protesting students began reaching out to Nobel laureate Professor Muhammad Yunus as early as August 1, 2024, through his colleagues, at the peak of the mass uprising against the ousted Prime Minister Sheikh Hasina.
India’s Adani power has asked Bangladesh Power Development Board to pay $845 million in arears by the end of June or face charges for late payment.
Government debt increased 13.3 percent last fiscal year to a record Tk 18.3 lakh crore, raising concerns about repayment amid the low revenue mobilisation.
The Bangladesh Independent Power Producers Association (BIPPA) has urged the government to clear half of its overdue payments, amounting to Tk 9,000 crore, within the next 10 days or contend with disruptions to the electricity supply during Ramadan.
Inadequate gas supply has been forcing Farzana Akter and Rabiul Islam to eat at restaurants every morning for two weeks.
Industrial and captive power connections would soon have to pay a much higher tariff for gas usage after the ministry of power, energy and mineral resources decided in principle to implement a new pricing structure to reflect the fluctuating global market.
In a landmark verdict, the High Court yesterday scrapped a part of the 15th amendment to the constitution that abolished the non-partisan caretaker government system.
Seven global oil and gas companies purchased tender documents for gas exploration in the Bay of Bengal, but none submitted the papers within the deadline, which ended yesterday.
Seven purchased tender documents, but none submitted papers finally
Captive power, which the industrial sector in Bangladesh leans on heavily, has been weakening the financial health of the Bangladesh Power Development Board (PDB) by costing it customers that pay the highest tariffs.
Summit has run into a payment dispute with Petrobangla over a $22 million bill for the four months its floating LNG terminal was out of commission as a result of damages from cyclone Remal.
