Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
14h ago
Rooppur, Matarbari, metros to get highest ADP allocation
The government is set to increase budget allocation for quick completion of the Rooppur nuclear and Matarbari coal-fired power plant projects.
1d ago
How to wean Bangladesh off LNG addiction
Bangladesh can reduce its liquefied natural gas (LNG) imports by 21 percent and save $460 million a year by replacing ageing, inefficient industrial captive power generators with more efficient models and harnessing the waste heat produced by generators for other applications, says a study.
3d ago
Efficient generators at industries can slash LNG imports by 21pc: study
Analysing data from 73 gas-fired captive generators at 51 industries with a combined capacity of around 250 megawatts (MW), the IEEFA said the average efficiency of these generators is only 35.38 percent
4d ago
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
1w ago
Improving summer power supply: Govt pays half the subsidy power ministry needs
The Finance Division last week disbursed Tk 1,500 crore in subsidy against the power ministry’s demand for the immediate release of Tk 3,000 crore to boost electricity supply during the summer months.
2w ago
Bangladesh won’t benefit from global LNG oversupply
The global liquefied natural gas supply capacity will increase drastically in future and the prices will stay low, but Bangladesh is not likely to reap the benefit due to fiscal challenges, according to a global report.
3w ago
Rural areas bear the brunt of power outage
Hundreds of thousands of people in the rural areas have been subjected to hours of power outage despite record-setting generation of electricity over the last few days.
3w ago
January 15, 2024
11 power plants mostly sat idle last fiscal
At least 15 percent of the country’s 71 independent power producers were sitting idle for 80 percent of the time last fiscal year, raising questions about their need.
January 14, 2024
AL’s total vote dips, JP’s lowest since 1991
Awami League bagged less votes in the January 7 national polls compared to the previous two general elections, according to Election Commission data.
January 13, 2024
Gas crisis leaves households, industry on edge
The gas supply now is the lowest since April 2020, shows data from Petrobangla -- in a development that informs the acute crisis plaguing the industrial sector as well as households.
January 12, 2024
73pc candidates lose security deposits
A total of 1,441 candidates out of 1,969 who contested the January 7 polls lost their security deposits for failing to secure the minimum required votes.
January 10, 2024
Doorstep fuel delivery plan is fraught with risk
Even though the government has approved a guideline, experts point out concerns in carrying flammable items in such manner
January 10, 2024
Desperate, they opt for firewood
Khadiza Begum, a resident of Mirpur’s Jheelpar slum, has been struggling to cope up with expenses amid persistent inflation.
January 8, 2024
Faridpur-3: AK Azad braves all odds, comes out victorious
AK Azad, an Awami League leader who ran as an independent, had to fight against all odds to win yesterday’s parliamentary polls from Faridpur-3.
January 4, 2024
Energy sector was hobbled by dollar crunch in 2023. Will 2024 be any different?
US dollar crunch in 2023 hurt electricity sector as lower imports of LNG and coal caused lower power generation
December 31, 2023
PDB incurs record losses
The Bangladesh Power Development Board’s losses soared 52.4 percent to its highest level yet in fiscal 2022-23 -- a year that saw record subsidy and a 29.6 percent hike in the bulk electricity price.
December 19, 2023
Rooftop solar power promises $1b savings a year
A 2,000-megawatt new rooftop solar capacity could help Bangladesh save between $476 million and $1 billion annually, according to a study IEEFA
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