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 acute gas crisis, which has been plaguing the industrial sector and households, is unlikely to see a drastic improvement anytime soon.
The Cabinet Committee on Economic Affairs yesterday granted Bangladesh Petroleum Corporation permission to import 54 lakh tonnes of oil next year in a bid to secure supply of the key commodity amid the Russian invasion of Ukraine and geopolitical tension.
Bangladesh could generate 6,500 megawatts of solar electricity in the next three years if the country invests $11 billion in solar instead of importing LNG from the spot market at the same cost, said global energy think-tank Ember.
People living in the capital’s Shyampur, Nandalalpur, Kajla or Matuail experienced load-shedding every alternate hour yesterday.
Three factors caused the national grid failure on October 4, found the probe body of Power Grid Company of Bangladesh.
Amid a deepening power crisis in the country, Bangladesh Energy Regulatory Commission may hike the bulk electricity price tomorrow.
Power outages during the three-day weekend were so frequent that they prompted the state minister for power to speak about the extent of the problem yesterday.
Experts blame poor electricity transmission equipment, the lack of a smart grid, and the ill-equipped National Load Dispatch Centre for Tuesday’s national grid failure that caused power blackouts in half the country.
The country yesterday suffered the worst power outage in eight years, which, according to officials, was triggered by a trip at a substation in Ghorashal.
The government’s assurance of relief from power cuts within September is likely to fall flat as people in the capital and elsewhere continue to suffer frequent loadshedding in sweltering heat.
