Adani Power's Jharkhand plant, which sells its entire output to Bangladesh, is exploring selling power in India. This comes amid reports that Bangladesh may review its pact with the company

The International Monetary Fund (IMF) mission, during its weeklong visit beginning today, will seek details on the government's measures to raise fuel and fertiliser prices while reducing subsidies in these sectors.

The outstanding dues of Bangladesh Oil, Gas and Mineral Corporation, also known as Petrobangla, in the natural gas sector have dropped to $400 million, easing the financial strain on the state-owned entity.

Four out of five government-owned urea factories have stopped production due to an acute gas crisis, raising concerns over the availability of enough fertiliser during the ongoing Aman paddy cultivation season and the upcoming Boro paddy season.

They claimed rampant money laundering devalued the taka drastically and pushed power prices up by Tk2 per unit

Bangladesh, home to over 170 million people, faces a significant challenge in providing a 24-hour electricity supply to all its citizens.

Drawing from my experience in Australia's electricity industry, I have observed transformative changes, such as the 2017 shutdown of the Hazelwood Power Station, which supplied 25 per cent of Victoria's electricity. Despite this, the state did not experience widespread blackouts or grid failures, except for isolated weather-related disruptions. Like Bangladesh, Australia does not have nuclear power plants, yet it has successfully focused on other energy solutions.

The companies are India’s H Energy, Russia’s Gazprom, China’s Sinopec, and Uzbekistan’s Ariel

The importance of regional cooperation

Summit International Power Limited, a Singapore-based power giant, has expressed its intent to significantly increase its investment in Bangladesh, particularly in the power sector and social businesses-a concept pioneered by Nobel Peace laureate Professor Muhammad Yunus.

The World Bank on Thursday said that it could lend around $2.3 billion to Bangladesh to help the country to carry out critical reforms for improving governance, transparency and accountability.

The Bangladesh Energy Regulatory Commission (BERC) will assume responsibility for setting jet fuel prices, a role previously managed by the Bangladesh Petroleum Corporation (BPC). This change will take effect in October, according to an order issued by the Energy and Mineral Resources Division on Wednesday.

The state-run Titas Gas Transmission and Distribution Company Ltd (TGTDCL) on Wednesday snapped illegal gas connections of an industry located at Keraniganj, the locality of former state minister Nasrul Hamid.

A two-week-long gas crisis has been affecting homes, factories, and vehicles that run on compressed natural gas, thanks to a dip in supply following the shutdown of an LNG regasification terminal in Cox’s Bazar on May 29.

Nepal Ambassador to Bangladesh Ghanshyam Bhandari on Tuesday expressed the hope that his country would be able to start energy trading with Bangladesh soon.

RAJSHAHI, Sept 17, 2024 (BSS)- Speakers at a human-chain here today unequivocally called for more investment in renewable energies to reduce the gradually mounting pressure on fossil fuels.