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.

The interim government has cancelled ongoing negotiations with several companies, including a couple of Indian ones, over inking contracts to import re-gasified liquefied natural gas (RLNG) from India through cross-border pipelines.

In an effort to address the gas crisis impacting industries, Bangladesh’s interim government, through Petrobangla, has announced plans to invite international tenders for offshore gas exploration on 9 December and for onshore reserves in March of the following year.

The National Review Committee on the Ministry of Power, Energy and Mineral Resources has recommended the government to hire reputed legal and investigation firms to assist its review of major power generation contracts signed during ousted Sheikh Hasina's regime from 2009 to 2024.

An investment of up to US$ 45.2 billion is needed to transition to green and clean energy, according to the studies of the South Asian Network on Economic Modeling (SANEM).

The studies explore three investment scenarios based on least-cost approaches to achieve policy goals. It identifies funding requirements of $36.3 billion, $6.7 billion, and $45.2 billion under different policy scenarios. In the maximum-cost scenario, these figures escalate to $52.1 billion, $9.7 billion, and $64.8 billion.

Energy business is opening up for crisis resolution, the adviser concerned said as businesses Saturday urged the interim government to ensure reliable quality gas supply to industries forthwith for uninterrupted manufacturing operations.