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.
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.
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.
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
Power supply to households remains largely stable nationwide, as many energy-intensive sources such as mills, factories, offices, and shopping malls are yet to reopen following the Eid holidays.
With the weather getting warmer, power crisis is growing across the country and some rural areas have been experiencing prolonged loadshedding since last week.
The government built two compressor stations in 2016 to supply gas at adequate pressure to different districts, but the expensive machinery has been underutilised due to inadequate gas flow.
Bangladesh’s access to cheap loans is closing in with its rising per capita income, making foreign borrowing costlier.
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.
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.
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.
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
Power supply to households remains largely stable nationwide, as many energy-intensive sources such as mills, factories, offices, and shopping malls are yet to reopen following the Eid holidays.
With the weather getting warmer, power crisis is growing across the country and some rural areas have been experiencing prolonged loadshedding since last week.
The government built two compressor stations in 2016 to supply gas at adequate pressure to different districts, but the expensive machinery has been underutilised due to inadequate gas flow.
Bangladesh’s access to cheap loans is closing in with its rising per capita income, making foreign borrowing costlier.
Bangladesh will end up with surplus LNG regasification capacity by the end of this decade, said the UK-based BMI Research -- a development that will ultimately cost the exchequer in fees similar to capacity charges for power plants.
The government is likely to stop new gas connections to industries save for eight “economically vital” ones under a forthcoming regulation.