Asifur Rahman

$1b a year needed to hit 2030 green energy goal

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).

1w ago

Govt to scale back foreign loan reliance

The government plans to scale back its dependence on foreign loans as it seeks to mitigate threats to external debt sustainability.

2w ago

Govt unveils new renewable energy policy

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.

2w ago

Govt unveils new renewable energy policy

Target set to meet 20% of power demand from green sources by 2030

2w ago

Rooppur loan utilisation to get 3-yr extension

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.

2w ago

Outstanding debt up 3% in first half of FY25

Bangladesh's total debt reached Tk 1,944,171 crore by December 2024, increasing debt servicing pressure

3w ago

IMF’s two tranches to be placed to board on June 23

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.

3w ago

Palli Bidyut Protest: Staff shortage sparks concerns over Eid power supply

Demonstrators' demands include removal of REB chairman, unified service rule

1m ago
July 9, 2022
July 9, 2022

Hope against hope

The government has assured people suffering from severe power cuts that the situation will improve after September when three new coal-based power plants start operation, but experts expressed doubts about it.

July 5, 2022
July 5, 2022

Gas crunch brings back power cuts

People have been enduring severe power cuts for the last few days as electricity production was hampered mainly due to a shortage of natural gas supply.

June 30, 2022
June 30, 2022

Petrobangla has to return Tk 12,227cr

Bangladesh Energy Regulatory Commission in the verdict of a public hearing has ordered the Petrobangla to return Tk 12,227 crore taken from its security and development funds.

June 29, 2022
June 29, 2022

Fuel prices may go up by at least Tk 10

The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.

June 28, 2022
June 28, 2022

Pressure on forex reserves: Govt exploring loan of up to $4.5b from IMF

As a precautionary move, Bangladesh has started talks with the International Monetary Fund about taking a loan of $4-4.5 billion to shore up the precarious foreign currency reserves.

June 24, 2022
June 24, 2022

Use of foreign aid rises, but may miss target

Although foreign assistance disbursement is increasing continuously, the country is still behind its target for this fiscal year. 

June 23, 2022
June 23, 2022

Matarbari plant: Govt won’t implement phase-2

The government has decided not to implement the second phase of the Matarbari coal-fired power plant, a cabinet member confirmed yesterday hours after Japan announced the cancellation of funding for the project.

June 22, 2022
June 22, 2022

Bangladesh won’t implement 2nd phase of Matarbari Coal Power Plant

The government will not implement the second phase of the Matarbari coal-based power plant.

June 17, 2022
June 17, 2022

Govt took profits of Petroleum Corporation, left it in lurch

Bangladesh Petroleum Corporation made huge profits for seven years through import of petroleum at low prices but the government took that money, leaving the BPC ill-equipped to cope with the current international market volatility.

June 14, 2022
June 14, 2022

Profits of state enterprises fall to 9-year low

The profits of state-owned enterprises in Bangladesh fell to their lowest in nine years, owing to higher commodity prices in the global market and selling of essentials among the poor and low-income groups at subsidised rates.