The report found that by replacing the vast stock of ageing, inefficient generators with more efficient models already available, and harnessing the waste heat produced by generators for other applications, Bangladesh could reduce the demand for imported LNG by a massive 50.18 billion cubic feet a year, or 21%, representing an annual saving of $460 million

Power, Energy and Mineral Resources Minister Nasrul Hamid has said that Jica's cooperation is needed to make a comprehensive investment plan for electricity based on demand.

The Power Grid Company of Bangladesh Ltd (PGCB) has successfully commissioned three new transmission lines. The PGCB confirmed the information in a press release on Saturday.

Gas and power tariffs are poised for more frequent hikes than previously planned as a fallout from the bumped-up dollar pricing, sources say.

The exchange rate of the US currency has been pegged higher through the introduction of crawling-peg exchange rate by Bangladesh Bank (BB), under a reform recipe.

Petrobangla (Bangladesh Oil, Gas and Mineral Corporation) initiated an international tender in March for offshore oil and gas exploration, following the approval of the revamped model production sharing contract (PSC). This marks a resumption of exploration tenders after a prolonged hiatus, with the bidding round set to conclude by September.

The developed world, including Europe, is moving towards renewable energy. We also need to increase the use of renewable energy, he said

Seven international companies have purchased tender documents so far to participate in offshore exploration of oil and gas in Bangladesh, State Minister for Power, Energy, and Mineral Resources Nasrul Hamid said today (8 May).

To ramp up renewable energy production, the government is planning a massive solar power hub in Jamalpur, capable of producing 5,000-6,000MW of electricity. Also, a new policy for renewables is on the horizon to solidify the sector's growth, said Nirod Chandra Mondal, joint secretary of the Ministry of Power.

o deal with the pressure of subsidy, the government has taken a decision to increase the price of electricity four times a year. Policymakers of the government announced this decision in a meeting with the visiting representatives of International Monetary Fund (IMF).

At a time when there is a need for more power, especially the low-cost renewable ones, to meet the ever-growing demand, the country's sole hydroelectric source, Karnaphuli Hydropower Station, has lost 30% of its capacity for lack of maintenance.

Gas users across the country may face low pressure due to supply disruptions, as the flow of imported liquefied natural gas (LNG) to the transmission line is being hampered by hostile weather.

The Chandpur 150 MW Combined Cycle Power Plant returned to production early yesterday (14 May) after being closed for more than one month due to oil leakage in its bearings.

Production at two units of Brahmanbaria's Ashuganj power plant has been halted partially as dirt has clogged the water supply pipeline following a storm.

The price of the gas is Tk1,620 crore
21 million cubic feet of gas being extracted daily from the field on an experimental basis

About 40 kilometres away from the Rangpur city lies Latshal Char, a remote shoal on the bank of Teesta River. Upon traversing the extensive path, TBS found paved roads, electricity, a theme park, modern residential buildings, and commercial establishments.