power companies
Power producers saw profits erode in FY23
Devaluation of local currency, reduction of capacity charge caused power companies profits to erode in FY 2022-23
Power companies’ profits fall amid dollar crisis
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.
January 22, 2024
Power producers saw profits erode in FY23
Devaluation of local currency, reduction of capacity charge caused power companies profits to erode in FY 2022-23
May 7, 2023
Power companies’ profits fall amid dollar crisis
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.
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