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 proposed budget for the 2022-23 fiscal year does not outline a roadmap for reducing gas imports by increasing domestic production.
If it does not add value, it is a waste, said the seminal American industrialist Henry Ford. And the quote best describes the situation the Bangladesh Power Development Board finds itself in with its deal with India’s Adani Power.
The government is not keeping a separate allocation for vaccines in the next fiscal year’s budget as it pulls back from vaccine procurement given the high inoculation rate and low infection rates.
Kuakata, the country’s second largest sea beach, is being turned into a tourist destination without a structured plan, kicking out the native Rakhine population in the process.
Only 10 percent of the total employees are female in Bangladesh’s media, while only about 6 percent are in reporting, found a recent global study.
At least 100 agriculture ministry officials will participate in phases in a six-month international horticulture exhibition in the Netherlands, even though the government had asked to abandon all routine tours except those involving emergencies.
The yield of Kailash Tila, the main source for Sylhet Gas Fields Ltd, was on average 69 million cubic feet per day in 2016, but it dropped to 29 million cubic feet in January this year.
Households with pre-paid meters will suffer most if the recommendation of the 43 percent hike in gas price is implemented -- a development that can slow down the installation of the meters.
Patuakhali’s Rangabali upazila, a coalition of 22 small islands in the Bay, did not have access to electricity just a year ago.
The Payra area in Patuakhali is going to be a major economic hub with a sea port, a special economic zone, an airport and the country’s biggest coal-fired power plant that will officially launch operation tomorrow.
