Based on private electricity producers’ request, the Power Development Board (PDB) asked Bangladesh Petroleum Corporation (BPC) to nearly triple its import of furnace oil to around 500,000 tonnes a month so that the electricity demand in the summer can be met.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
Government officials will face death penalty or minimum life sentence if found guilty of causing the death of enforced disappearance victims, according to a draft ordinance unveiled yesterday.
As much as $900 million has been on hold since 2022 in the central bank's escrow account
The interim government may backtrack from its initial plan to set an ambitious GDP growth target of 6 percent for the next fiscal year amid the new economic reality and settle for 5.5 percent.
The government has set new gas tariffs for the industrial sector, hiking the price by 33 percent for new units, despite objections from businesses and consumer rights organisations.
Bangladesh’s power sector is burdened by overcapacity and systemic inefficiencies, hindering its ability to deliver reliable and cost-effective electricity, says Prof Dr Saifur Rahman, a Bangladeshi expert based in the US.
Protesting students began reaching out to Nobel laureate Professor Muhammad Yunus as early as August 1, 2024, through his colleagues, at the peak of the mass uprising against the ousted Prime Minister Sheikh Hasina.
The government is going to start implementing the newly-formulated mechanism for setting fuel prices in line with global market rates by the end of this month and officials of the energy and finance division believe prices may reduce after the first adjustment.
Power generation not growing in line with forecasted spike in demand, leaving people staring at frequent and extended power cuts.
Foreign loan repayment, which was hovering around $3 billion since fiscal 2012-13, crossed the $4 billion-mark for the first time last fiscal year on the back of high interest payments and short-term loans in the power and energy sector.
The state-owned Eastern Refinery (ERL) is likely to build its long-planned second unit in partnership with Chattogram-based conglomerate S Alam Group after previous attempts to expand the country’s oil refining capacity fell through because of a lack of financing.
In Banasree, on any given morning, if you find yourself walking past a newspaper stall that has been left unattended, don’t be surprised. Just pick up the newspaper or magazine that you want, put the money in the box that’s kept nearby, and you are on your way.
In Banasree, on any given morning, if you find yourself walking past a newspaper stall that has been left unattended, don't be surprised. Just pick up the newspaper or magazine that you want, put the amount of money that it's worth in the box that's kept nearby, and you are on your way
Capacity payments, the scourge of the rapid rise in Bangladesh’s power generation capacity, are set to get higher this year.
While the world is moving towards renewable energy as it is much more environmentally-friendly than fossil fuel-based power plants and requires no additional fuel costs, Bangladesh is moving at a snail’s pace in this regard, said two researchers of BloombergNEF.
The company has been selling its bitumen plant's by-products like diesel and petrol to the BPC
In a fresh push, Bangladesh entered its renewable energy era in 2017 with the launch of a 3MW solar power plant in Jamalpur’s Sharishabari. Ever since, the country has added only 459MW of renewable energy to the national grid.
