Cyclone Remal costs Bangladesh around $622 million in economic losses and damage due to non-operation of the Summit LNG Terminal, according to the US-based Institute for Energy Economics and Financial Analysis (IEEFA).

State-owned energy companies forewarn gas cutoff following impending acute liquidity crisis attributable to nearly Tk 27 billion overdue refund of excess taxes charged by taxmen.

Petrobangla has reported that the gas-supply system is under threat from fund shortfall affecting gas-distribution companies.

Adani Group founder Gautam Adani is already facing allegations by US authorities that he was part of a $265 million bribery scheme in India, charges he has denied, even as one Indian state reviews a power deal with the group and France's TotalEnergies pauses its investments

The immediate-past Awami League government manipulated the power and energy sector by all means possible to benefit its cronies, opening windows for them to pocket public money and then launder it in full awareness of the consequences their actions would bring, revealed the white paper on economy submitted to the interim government on Sunday.

However, the current trend is unpromising, as a little more than Tk2,000 crore was invested in the last six years

Domestic commercial banks need to scale up their investment in solar and wind power projects if the country were to meet its renewable energy goal in its power mix by 2030, according to a recent study.

The government has promulgated an ordinance repealing the controversial energy law called ‘Quick enhancement of electricity and energy supply act, 2010’.

A gazette notification was issued on Saturday regarding the promulgation of the ordinance passed on November 28. The repeal ordinance was to be immediately effective.

Power, Energy and Mineral Resources Advisor Fouzul Kabir Khan has alleged that accounts of major corporations like Beximco and S Alam Group are empty even though they borrowed billions of takas.

GAS supply to households has increased despite a moratorium on fresh connections that has been in place for about a decade because of gas reserve depletion. Gas supply to industries declined by about 6 per cent in the 2024 financial year, falling from 4,075 million cubic metres to 3,842mmcm.

Cox's Bazar's Matarbari Coal-based Thermal Power Plant is set to resume electricity production on Saturday (November 30), following a month-long shutdown caused by a coal supply shortage.

The plant recently received 70,000 tons of coal delivered by an Indonesia-flagged ship which docked at its jetty on Wednesday morning. Another shipment of 66,000 tons of coal from Indonesia is expected to arrive on Sunday.

The interim government is set to cancel the approvals for 39 power plants under the Quick Enhancement of Electricity and Energy Rapid Supply Enhancement (Special Provisions) Act, 2010.

Eight listed power producers have been losing revenue as the government has moved away from quick rental plants to ease the burden of capacity charge payments and bring down the price of electricity.

Bangladesh is set to reach a milestone in fuel transport with the commissioning of the 250-kilometre Chattogram-Dhaka diesel pipeline in the middle of December.

Bangladesh has the potential to generate up to 10,000 MW of solar power by utilising unused government land, including railways and roads, according to Muhammad Fouzul Kabir Khan, Energy and Mineral Resources Advisor.

At least 11 writ petitions have been filed with the High Court challenging the government decision not to proceed with the solar power plants awarded under "Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010".

Local companies now have the opportunity to collaborate with prospective international spot suppliers through joint ventures to ensure a steady supply of LNG to Petrobangla, fostering greater energy security and market participation.