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.
High Court questions the legality of the government's latest decision to hike gas and electricity prices. The court issues a rule upon the Energy Regulatory Commission to explain why the decision to hike the prices of gas and electricity would not be declared illegal.
Consumers Association of Bangladesh (CAB) threatens to move the court if the recent price-hike of gas and power is not reconsidered.
Transparent solar is based on a fact about light that is taught in elementary school, sun transmits energy in the form of invisible ultraviolet and infrared light, as well as visible light.
Train service on Mymensingh-Jamalpur route disrupts for three hours as rail tracks went under water in Mymensingh after the city experienced the highest rainfall.
The patients at Chittagong Medical College Hospital have gone through untold sufferings due to lack of electricity for three days, as the hospital administration failed to repair...
IT is indeed heartening to see 1500 MW of electricity being added in the next three months to the country's power-starved national grid, as we hope that the newest addition will give the much-needed impetus to the country's economic growth.
A grid failure at Haripur in Narayanganj resulted in shut down of a number of power plants in the country leaving many areas in the capital including parliament and Bangabhaban without power for up to an hour.
Government approves of importing additional 600MW power from neighbouring India at a cost of about Tk 1,600 crore via the electricity interconnectivity grid.