Energy News

Bangladesh hasn’t yet made the transition from relying on foreign aid to achieving self-sufficiency. Hence, the tolerable level of foreign debt repayment may become unbearable in the future

Bangladesh hasn’t yet made the transition from relying on foreign aid to achieving self-sufficiency. Hence, the tolerable level of foreign debt repayment may become unbearable in the future

Bangladesh will end up with surplus LNG regasification capacity by the end of this decade, said the UK-based BMI Research -- a development that will ultimately cost the exchequer in fees similar to capacity charges for power plants.

Annalena Baerbock, Federal Minister for Foreign Affairs (AA), Germany, will deliver the welcome speech while Dr Robert Habeck, Federal Minister for Economic Affairs and Climate Action, Germany will present keynote paper in the first day.

Bangladesh has achieved a new milestone in its renewable energy ambition, with the country's first commercial wind power plant going into full production this month.

The government is likely to stop new gas connections to industries save for eight "economically vital" ones under a forthcoming regulation.

Titas Gas Transmission and Distribution Company has disconnected over 11,300 illegal households and other connections in three days in Munshiganj district.

The government is continuing to ramp up the power generation capacity even though the electricity demand did not increase as per projection, putting an additional price burden on consumers, said energy experts.

A total of 18 procurement proposals, including seven from the Ministry of Power, Energy and Mineral Resources, were approved

Following a recent surge in gas prices, the government of Bangladesh announced an 8.5% increase in average electricity tariffs on 27 February. This resulted in a hike from Tk6.70 to Tk7.04 per unit at the wholesale level and from Tk8.25 to Tk8.95 per unit at the retail level ($0.082 per kWh).

CPD says electricity price hike increases monthly family expenses 9.50pc, gives breakdown of hikers

The strategies include ensuring the phased shutdown of power plants targeted by the government; avoiding any new capacity charges; imposing “no electricity, no payment” conditions for electricity purchases, and competitive initiatives to procure electricity through open tenders.

Three of such power plants, owned by private sector, have already completed construction and are on test run or being readied for operation on a test basis, while another, owned by public sector, will be readied for electricity generation by end of 2024, market-insiders said.

A number of non-government organizations (NGOs) have demanded the government allocate funds to solar and wind power instead of LNG-run power plants and LNG terminals.

Over 500 million cft of gas per day is likely to be added to the national grid by March 20, according to Rupantarita Prakritik Gas Company Limited (RPGCL) sources.