Energy News

A team from the International Monetary Fund (IMF) was in the country recently to discuss economic issues with the ministry of finance. On the table of discussion was the issue of lowering subsidies on energy and fertilizer.

Power generation will be among Bangladesh's greatest challenges as it climbs the economic ladder; with a population that is fast embracing digitization, and more and more of the nation now under the power grid, it is imperative that we do not fail to keep the lights on.

Official records of electricity supply and demand over the change in temperature once again exposed high power sector unreliability, showing that Bangladesh’s actual capacity to meet power demand without interruption is about 10,000MW.

The 60-megawatt windmill, the country’s largest windmill set up at Khurushkul union in Cox’s Bazar, started commercial power generation on Thursday.

The country's largest 60-megawatt wind-based power plant in Cox's Bazar is all set to initiate commercial operation today (Thursday).

IDCOL and SREDA are collaborating to create a better environment for implementing energy efficiency measures in Bangladesh, with USD 1.13 million TA support from the Green Climate Fund (GCF). An agreement was signed in this regard on Tuesday, says a press release.

The Matarbari power plant is poised to commence commercial production in December, as confirmed by sources in the Coal Power Generation Company.

The Energy and Mineral Resources Division will revise the prices of imported fuel oil on a monthly basis after the general elections slated for January 2024.

A formal agreement is scheduled to be signed in Belgium on 24-25 October, with Prime Minister Sheikh Hasina expected to attend the signing event, a senior ERD official told The Business Standard. Bangladesh's transition to renewable energy is set to receive a major boost with a €395 million loan from the European Investment Bank (EIB), the lending arm of the European Union.

A team from the International Monetary Fund (IMF) held a meeting with Energy and Mineral Resources Division officials on Sunday.

The president of the upcoming COP28 climate
talks in Dubai called on Sunday for governments to abandon "fantasies" such
as hastily ditching existing energy infrastructure in pursuit of climate
goals.

On October 4, Chevron Bangladesh and Swisscontact Bangladesh entered a transformative partnership to officially launch Smile -- Sustainable and Meaningful Intervention for Livelihood Enrichment project.

The world is breaching a key warming threshold at a rate that has scientists concerned, a BBC analysis has found.

The plan assigns a significant role to three new technologies – hydrogen, ammonia and carbon capture and storage. Proven renewable technologies like solar and wind, however, are assigned smaller shares despite their recent growth

But are we ready to handle the risks of nuclear energy?