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Energy News

Sep 10, 2024

Power cut for 19hrs in villages, 5hrs in cities

Cities suffered an unprecedented spell of power outage on Tuesday, over five hours at a stretch, as barely 12,500MW of electricity on average was produced, using 45 per cent of the country’s installed power generation capacity.

Power cut for 19hrs in villages, 5hrs in cities

Source: New Age

Sep 9, 2024

Interim govt nods to 40MW hydropower from Nepal

The interim government has approved the initiative to import 40 megawatts of hydroelectric power from Nepal to Bangladesh, a project that was undertaken during the ousted Sheikh Hasina-led government in June this year.

Interim govt nods to 40MW hydropower from Nepal

Source: The Business Post

Sep 9, 2024

Green activists propose 16 reforms in power sector

Bangladesh Working Group on Ecology and Development sent an open letter to chief adviser Muhammad Yunus on Sunday recommending a set of 16 changes in the energy and power sector for ensuring good governance and eliminating corruption.

Green activists propose 16 reforms in power sector

Source: New Age

Sep 9, 2024

Beximco writes to CA urging security for country's largest solar plant

The group, owned by businessman Salman F Rahman – who served deposed prime minister Sheikh Hasina as her private industry and investment adviser – stated that if the plant is damaged, it will not be possible for the company to repay the loan instalments taken through Sukuk bonds

Beximco writes to CA urging security for country's largest solar plant

Source: The Business Standard

Sep 8, 2024

PHP launches solar power generation initiative

PHP Family – a leading industrial conglomerate in Bangladesh – is planning to add a new dimension to the country’s solar energy sector. The company has taken an initiative to generate its own electricity by installing solar panels on the roofs of its textile and steel mills.

PHP launches solar power generation initiative

Source: The Business Post

Sep 7, 2024

LNG import cost set to skyrocket in two years

Bangladesh's struggle to foot liquefied natural gas (LNG) import bills is set to skyrocket in two years, as the country allegedly signed purchase deals at higher costs than the contemporary market rates

LNG import cost set to skyrocket in two years

Source: The Financial Express

Sep 7, 2024

Cancellation of Mujib Climate Prosperity Plan demanded

Climate rights activists on Saturday at a press conference in Dhaka demanded the cancellation of the Mujib Climate Prosperity Plan 2022-2041, National Adaptation Plan 2023-2050 and reformation of the Bangladesh Climate Change Trust Fund.

Cancellation of Mujib Climate Prosperity Plan demanded

Source: New Age

Sep 6, 2024

Adani Group urges Bangladesh to expedite payment of $800m outstanding dues: Moneycontrol

The Adani Group has called on Bangladesh to expedite the country's current outstanding payments surpassing $800 million to Adani Power Ltd.

Adani Group urges Bangladesh to expedite payment of  $800m outstanding dues: Moneycontrol

Source: The Business Standard

Sep 6, 2024

No easy answer to energy sector's problems

At a recent seminar titled "Challenges in Reforms in Energy and Power Sector" on September 4, two of the country's leading energy sector experts, BUET Professor Dr. Tamim and Dr. Ijaz Hossain spoke. Dr. Ijaz presented the key note paper in which major issues plaguing the energy and power sectors were discussed - how we got into this mess and what reforms could be initiated to start the journey on the road to recovery.

No easy answer to energy sector's problems

Source: The Financial Express

Sep 4, 2024

LNG imports to be through public procurement rules

In a first for Bangladesh, the country's interim government is going to import liquified natural gas (LNG) purchased from the spot market in accordance with the Public Procurement Rules 2008.

LNG imports to be through public procurement rules

Source: The Daily Star

Sep 4, 2024

Gas theft worth $1b per year citing ‘system loss’: Experts

Irregularities and corruption in the country’s power and energy sector resulted in an average of $1 billion in annual gas theft over the years 2020, 2021 and 2022, with these losses showing up as “system loss.”

Gas theft worth $1b per year citing ‘system loss’: Experts

Source: The Business Post

Sep 4, 2024

Govt to procure LNG from spot market

The Advisers Council Committee on Economic Affairs on Wednesday approved a proposal in principle for procuring LNG from the spot market to meet the emergency demand for gas in the country.

Govt to procure LNG from spot market

Source: The Financial Express

Sep 4, 2024

UPGDL getting gas at lower rate, but selling electricity at commercial rate

BPDB being deprived of a profit of Tk 800 crore annually

UPGDL getting gas at lower rate, but selling electricity at commercial rate

Source: The Business Post

Sep 4, 2024

Petrobangla grapples with Tk24,293cr dues

Local power plants, fertiliser factories, and other entities owe Petrobangla around Tk28,707 crore

Petrobangla grapples with Tk24,293cr dues

Source: The Business Post

Sep 3, 2024

Asian govts urged to accelerate energy transition

The two-day energy finance conference of the US-based Institute for Energy Economics and Financial Analysis began in Kuala Lumpur on Tuesday with a call on the governments of Asian countries to accelerate energy transition to get rid of costly and unreliable fossil fuels.

Asian govts urged to accelerate energy transition

Source: New Age

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