The central bank also directed banks to ensure mandatory clearance certificates from utility service providers before approving loans.
Punishing two officials for fulfilling their duty is deeply concerning. The report provided an accurate picture of the energy and electricity sector, which apparently goes against the views of the current regime.
Profits of all power generation companies dropped in the July-March period of fiscal year 2022-23 and some of them even incurred huge losses mainly due to a huge depreciation of the value of the taka against the US dollar that ultimately increased their costs.
Public money is being used to shore up PDB's losses and pay profiteering private companies
Although the coal consumption declined in Bangladesh last year, it is expected to increase sharply this year, the International Energy Agency said yesterday.
Electricity and gas prices can now be adjusted without a public hearing after the cabinet yesterday amended a law, paving the way for introducing dynamic energy pricing in Bangladesh.
Prime Minister Sheikh Hasina said that people are getting electricity even though the government has imposed some austerity measures amid global crisis.
“Free light source plus [a] dude I can sit and ruminate with, it’s perfect.”
About 20-25 percent electricity was restored after four hours of power outage, said a spokesperson of Power Grid Company of Bangladesh.
Electricity is the indispensible driving force of development and the ingredient to enhance the standard of living nowadays.
In May 25, The Daily Star, Bangladesh's leading English newspaper, published in print as well as online an opinion article by Bjorn Lomborg titled “Bringing Electricity to More Bangladeshis”.
It turns out that switching five households from kerosene lamps to a single diesel-powered generator would be 12 times more cost-effective than solar power - each taka of spending would do an impressive 24 takas of good.
Apologising for public sufferings due to power disruption in different parts of the country over the past week, State Minister for Power and Energy Nasrul Hamid expresses hope that power supply would be normal by Friday.
Power Development Board (PDB) says power supply now stands at a historic high. It is now supplying around 8300 megawatt of power—a sharp 800MW jump from last year’s corresponding period.
The government decides to raise power tariff again, side by side with improving the customer service.
The Power Development Board (PDB) is floating a tender to set up a gas-fired power plant in Shahjibazaar that would remain standby to pump in electricity whenever there is a supply drop in the national grid.
Prime Minister Sheikh Hasina reiterates her government's stance of zero tolerance to terrorism and says no one would be allowed to use Bangladesh's soil for insurgent acts against any country.
Bangladesh will buy 100 megawatts of electricity from India's Tripura for a reasonable rate of Tk 6.44 per kilowatt-hour, officials said.
Bangladesh signs its biggest ever contract worth $12.65 billion with a Russia’s state-run company to build the Rooppur nuclear power plant that would generate 2,400 megawatts of electricity.