Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan addresses a meeting at Petrobangla

Tiger New Energy, a leader in battery-swapping solutions for electric vehicles in Bangladesh, and iFarmer, an agritech platform supporting small-scale farmers, have both been featured in Forbes Asia’s prestigious 100 to Watch list for 2024

The country's current outstanding foreign payment obligation for electricity and fuel imports stands at approximately $2.2 billion.. To address this, the government has sought $1 billion in budget support from the World Bank for the power and energy sector, said Muhammad Fouzul Kabir Khan, Adviser to the Ministry of Power, Energy, and Mineral Resources.

In March 2021, the BPC signed an MoU with a consortium of three companies – Vitol, Marubeni Corporation and Bangladeshi company PowerCo registered in Singapore. PowerCo is basically a shell company with a paid-up capital of only $100 with a direct link to the-then state minister for power Nasrul Hamid

THE rental and quick rental power plants that have reared the ugly head since 2009 riding an indemnity law that the now deposed Awami League enacted to plunder the power and energy sector have now run to a constraining pass

Russian state-owned energy company Gazprom has expressed interest in exploring five additional gas wells in Bhola, as well as further wells inland, Russian Ambassador to Bangladesh Alexander Mantytskiy revealed during a courtesy call on Chief Adviser Muhammad Yunus at the State Guest House Jamuna yesterday.

The construction of a second unit of Eastern Refinery Limited (ERL) is expected to undergo another review, with a view to rejecting S Alam Group's proposal to partner with ERL on this project.

Russian Ambassador to Bangladesh H.E. Mr. Alexander Mantytskiy said Russia would continue to support Bangladesh in international arena.

Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over $1 billion.

The immediate past Awami League government extended the lifetime of costly rental power plants three times their recommended efficient operational life, paying them around Tk 33,000 crore between 2009 and 2023.

Eastern Refinery Limited’s second unit still in limbo for a decade, with S Alam Group’s alleged influence blamed for the prolonged delay, escalating costs

Bangladesh is in need of cooperation from its many regional and international partners

The government’s efforts in the last one and a half decades contributed to economic growth; however, the road ahead is still bumpy

Chief Adviser Professor Muhammad Yunus has called upon China to relocate some of its solar panel factories to Bangladesh in an effort to boost the country's green transition and exports.

The Summit LNG Terminal Company (SLNG) has sought around $22 million in bills from the Petrobangla for the last three months though it has been inoperative since late May, a senior Petrobangla official told the FE.