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
Food delivery platform foodpanda Bangladesh has imposed a “platform fee” of Tk 3 since August, payable on every order by the customer.
The government yesterday slashed the import duty on rice and is also working to import about 12 lakh tonnes of food grain including rice as it looks to rein in the price of the staple amid a cost of living crisis.
The import demand for fuel remains high as ever despite the government initiatives to reduce consumption, raising questions about the logic behind the strict measures that only fuelled inflation.
There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.
A recommendation has been made to a parliamentary standing committee that a martial-law era provision be brought back for shielding Petrobangla officials from legal proceedings for “acting in good faith”.
The Bibiyana gas field is shouldering a major burden of gas supply even though there are 19 other gas-producing fields -- posing serious threat to Bangladesh’s energy security in the coming days.
The country has to regularly import diesel because of its inadequate oil refinery and storage facilities that have not been upgraded since 1968.
The government’s plan for one to two hours of daily power cuts is failing, especially in the north, and the signs are that the electricity crisis may worsen across the country in the coming days.
The government paid Tk 16,785 crore in capacity charges to power plants in the first nine months of the last fiscal year for 22,118MW daily power generation capacity.
Titas, the country’s largest gas distribution company, has snapped illegal gas lines stretching for 996.81 kilometres in the last two and a half years, which is equal to 7.5 percent of its legal lines, according to a report.
