Adviser Syeda Rizwana Hasan highlighted Bangladesh's challenges in transitioning to renewable energy, stressing the urgent need for timely and equitable financial and technological support.

"Despite facing obstacles, Bangladesh remains determined to meet its goal of generating 40% of its energy from renewable sources by 2041. The country is actively revisiting its energy policies to ensure sustainability and energy sovereignty," she stated.

Bangladesh has potentials to fetch around US$1.0 billion annually from global carbon market, said global lead for carbon markets and finance of the World Bank Chandra Shekhar Sinha Saturday.

He said the country requires to expedite the process of learning to bag the opportunities as offered globally under the carbon trading.

The interim government has made a move to pay at least $10 million a week to the Indian Adani Power in outstanding electricity bills, according to officials.

Bangladesh owes an estimated $850 million to Adani for purchasing electricity through the cross-border power grid, they say.

A group of Bangladeshi civil society organisations on Friday staged a demonstration at the ongoing COP29 at the Baku Olympic Stadium in Azerbaijan’s capital Baku against fossil fuel expansion.

The group urgently demanded for fossil fuel phase out, revision of the current power master plan, adequate and sustainable climate finance and a rapid transition to renewable energy.

President Aliyev has described the country's rich deposits of natural resources including oil and gas as the "Gift from God". Azerbaijan is rich in both of these fossil fuels. Under his presidency, the country has been roaring ahead with development, driven largely by fossil fuel utilisation. One can understand the discontent of climate activists as to why on earth the COP29 summit is being hosted by an unapologetic regime that has no problems utilising fossil fuels.

Bangladesh started receiving electricity from Nepal under a trilateral power-sharing agreement from Friday (November 15).

It marks the start of 40 megawatt (MW) electricity supply from Nepal to Bangladesh via an Indian grid, sources at the Bangladesh Power Development Board (PDB) said on Friday.

Bangladesh is currently in a crucial transition period with reform initiatives taken in a number of areas. Urgent reform in the energy sector is also needed. As a climate justice activist, I have been advocating for a fossil fuel non-proliferation treaty since 2021, around the same time that Professor Muhammad Yunus—now the head of the interim government in Bangladesh—first endorsed the proposal for a global treaty to manage a fast and fair transition away from coal, oil and gas extraction.

Bangladesh will import LNG (liquefied natural gas) from Brunei on a long term basis under a G-to-G contract, reports UNB.

A Supreme Court lawyer yesterday filed a petition with the High Court seeking its directive on the government to review or cancel the electricity agreement with Adani Group of India.

Meghna Petroleum secured a profit of Tk 5.42 billion in FY24, the highest since its 2007 listing and a 23 per cent increase year-on-year, as income from bank deposits escalated amid the rising interest rate.

One unit of the Payra 1320 MW Thermal Power Plant in Patuakhali will remain out of service for the next two months for essential maintenance, according to plant officials.

The scheduled shutdown of Unit 2, which began on November 10, is aimed at ensuring the long-term reliability and efficiency of the facility.

Infrastructure Development Company Limited (IDCOL) hosted a workshop on Monday to promote the adoption of rooftop industrial solar system among knitwear manufacturers.

The event took place at a city hotel, focusing on the advantages of integrating rooftop solar technology for members of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).

The letter from the central bank to Krishi Bank stated that approval from the appropriate government authority – the Power Division – must be obtained before making dollar payments to Adani.

Dr. Muhammad Fouzul Kabir Khan, adviser of the interim government for the Ministry of Power, Energy and Mineral Resources, on Monday urged the industries to install rooftop solar power to meet their own power requirements.

In a collaborative meeting at the Bangladesh Investment Development Authority's (BIDA) headquarters, Chinese investors outlined significant plans for joint ventures in Bangladesh’s power and green technology sectors.