Power, Energy Sector: Arrears, subsidies weighing down govt
The interim government is struggling to pay the power bill arrears that were caused largely by “unfair” contracts signed between the previous administration and power producers, and rising international fuel prices.
1d ago
Now coal power plants scaling back production
Coal-fired power plants are dialling down production or even shutting down due to financial, legal or technical issues, leading to power cuts across the country, especially the rural areas.
2w ago
Outstanding bills: Adani halves power supply to Bangladesh
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
3w ago
Heatwave cost Bangladesh $21b last year
Heat exposure had severe economic consequences for Bangladesh last year, leading to an estimated income loss of $21 billion due to reduced labour capacity, according to the latest Lancet Countdown report.
3w ago
AL govt put finance adviser, BB governor in legal trouble
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
3w ago
‘They got capacity charges for 16yrs. Not anymore’
A retired bureaucrat, Muhammad Fouzul Kabir Khan has been tasked with heading three significant ministries for the economy: power, energy and mineral resources; road transport and bridges; and railways.
4w ago
IMF slashes growth forecast to 4.5 percent
After the World Bank, the International Monetary Fund has now brought down Bangladesh’s growth forecast for this year as political uncertainty, industrial unrest and floods weigh heavily on economic activities.
1m ago
Proposed policy reforms conducive to business confidence
The policy reforms being considered in Bangladesh will not only improve its business climate, but also increase foreign investment in the country, according to the top official of Excelerate Energy.
1m ago
June 9, 2024
Power gets a third of Tk 108,240cr subsidies
More than a third of the subsidies allocated in the new budget is for the power sector due to what experts say is the huge spending on capacity charges.
June 6, 2024
Energy sector overlooked: experts
They blame govt for focusing on imported solutions rather than own resources
June 6, 2024
Govt to rely more on local banks than foreign funds
The government will rely more on domestic bank borrowing than foreign financing in the next fiscal year, intensifying pressure on the economy.
June 5, 2024
Tight budget in austere times
With an aim to restore macroeconomic stability, reduce inflation, and contain pressure on foreign currency reserves, Finance Minister Abul Hassan Mahmood Ali is going to place a Tk 7,96,900 crore budget for the 2024-25 fiscal year tomorrow.
June 4, 2024
Power, agriculture to drive up subsidies
The subsidies and incentive expenditures in the upcoming budget are going to be more than that of the current fiscal year.
June 3, 2024
Regulate, don't ban, says study on easy bikes
The vehicles consume only 2.5pc of total power capacity, it says
June 2, 2024
Narrowest budget deficit in a decade as govt to curb expenses
As the government wants to lower expenses, it is likely to contain the budget deficit to 4.6 percent of gross domestic product in the next fiscal year, a level seen a decade ago.
May 17, 2024
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.
May 16, 2024
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.
May 14, 2024
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.
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