Business leaders have expressed concerns about the government's plan to remove energy subsidies by December 2026, which involves raising power prices four times a year as prescribed by the International Monetary Fund (IMF).

Finance Minister AH Mahmood Ali on Friday said building greater trust and confidence among countries could be key to leverage enormous opportunities for cross border energy trade and attract international finance in energy transition projects in South Asia.

The Asian Development Bank is keen to work together with Bangladesh and other partners on climate front, extending finance to important projects which are useful and impactful.

The meetings centred around the pressing financial challenges in the country’s power and energy sectors, remained closed to the media

File image of a truck carrying some Liquefied Petroleum Gas cylinders.

The government has raised the price of gas used in power generation by Tk0.75 per cubic metre.
The government has also increased the price of captive electricity used in industries (gas-based power plants of industries) at the same rate.

In a promising development for bilateral cooperation, a delegation from the Anhui Provincial People's Congress of China recently engaged in discussions with Energypac Power Generation PLC, focusing on cooperation in electric vehicles (EV) and renewable energy.

The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy Private Limited to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna.

Omera, the largest LPG operator in Bangladesh, reaffirms its commitment to providing environmentally friendly alternative energy solutions with a recent roundtable discussion titled "The Impact of LPG as Clean Fuel on Health and Safety."

After four years of negotiation, Petrobangla – the oil, gas and mineral corporation of Bangladesh – is close to signing agreements on import of regasified LNG from an Indian private company through a cross-border natural gas pipeline, officials at the state agency said.

Bangladesh's new nuclear facilities, coal-fired plants and renewable energy may limit full-capacity utilisation of gas-fired power plants in the near term, according to a latest report

Business leaders have planned to meet with Prime Minister Sheikh Hasina to apprise her of their hardships, as most businesses are facing challenges in obtaining an adequate gas supply to run their industries.

Bangladesh and Qatar today signed five agreements and five memorandums of understanding (MoUs) to enhance mutual cooperation between the two countries.

The country experienced about 1,000 MW of load-shedding in electricity supply on Monday against soaring demand amid ongoing heatwave.

The Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) has commenced excavation work on a promising new gas well in Noakhali.