The Centre for Policy Dialogue (CPD) has outlined key measures Bangladesh should adopt to attract Chinese investment in its renewable energy sector. These include offering tax incentives, reducing import duties, and streamlining documentation processes.

The interim government is considering issuing additional special treasury bonds to help the Bangladesh Power Development Board (BPDB) settle its outstanding payments to independent power producers (IPPs).

The Anti-Corruption Commission's Cox's Bazar integrated office has started a probe into the allegations of embezzlement of about Tk 1,000 crore from different works of the Matarbari coal-fired power plant project.

Only two of the 23 companies enlisted with the state-owned Petrobangla for importing gas from the spot market participated in the tender floated on October 7 for importing liquefied natural gas for the next month.

The Public Procurement Rules require the participation of at least three parties in tender, prompting authorities to go for re-tender for the import on October 14.

Welcoming more US investment in Bangladesh, Chief Adviser Professor Muhammad Yunus today said his government has taken steps to attract foreign direct investment (FDI) and improve the business climate in the country.

Amid deepening energy crisis in the country, the interim government is planning to intensify hydrocarbon-exploration campaign in a major policy shift to deploy the lone local company to conduct the exploration activities.

State-owned Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) prefers its subsidiary Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) to utilise its expertise and invest domestic resources in the job.

The fires that recently put two Bangladesh-flagged oil tankers out of order have partially affected the petroleum products’ supply chain, potentially increasing the freight cost and exposing the already embroiled energy sector to even more uncertainties.

With 7 per cent system loss, the new management of the Titas Gas Transmission and Distribution Company PLC has been facing the biggest challenge in its service delivery.

For the past couple of years, Bangladesh has consistently failed to secure its power generation efforts to a point where it could meet its growing demand at both the consumer and industrial levels. Due to the country being hit by an energy crisis seemingly every year, Bangladesh often finds itself resorting back to strategies such as frequent rolling blackouts, which is an untenable practice.

LPG Operators Association of Bangladesh (LOAB) has urged the Chittagong Port Authority (CPA) and other authorities concerned to take action against the import of illegal liquefied petroleum gas (LPG) from countries under global sanctions, reports UNB.

Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with India's Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, said two sources with direct knowledge of the matter.

Two vessels anchored in Chattogram port last week to unload about 70,000 tonnes of liquefied petroleum gas by misreporting the country of origin of the product, said the LPG Operators Association of Bangladesh (LOAB).

In a striking contrast to global trends, Bangladesh finds itself lagging in the renewable energy sector, as outlined in the latest International Energy Agency (IEA) report.

The report indicates that the world is on course to add over 5,500 gigawatts (GW) of renewable energy capacity between 2024 and 2030, bringing global renewable electricity generation to nearly half of total demand, reports UNB.

Experts emphasized the need for increased use of renewable energy in Bangladesh, particularly in the RMG sector, to tackle future challenges in exporting RMG products.

They were speaking at the Bangladesh Climate Action Forum 2024, which was organized by the Bangladesh Apparel Exchange (BAE) on Thursday in Dhaka.

Bangladesh can generate maximum 5 per cent of its electricity from renewable energy by 2030 given the pace the country is adopting the technology, said a report released by the Paris-based International Energy Agency on Wednesday.

By 2030, solar photovoltaic is projected to become the largest renewable generation technology.