Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further according to a new briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA).
Data from the Bangladesh Power Development Board’s (BPDB) latest annual report shows that overall power capacity utilisation...
Access to gas, be it natural or imported LNG, remains elusive for many industries as some 1,400 applications for new connections, load expansion, re-connection, or replacement are pending with Titas Gas Distribution Company alone.
Annoyed at the situation, industrialists said the availability of gas...
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said mega projects having 3,840 MW power generation capacity are being implementing at Payra, Maheshkhali and Matarbari areas aimed at ensuring power and energy security in the country.
“Considering land availability, fuel transportation...
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has urged Chinese companies to make more investment in different segments of power sector. He made the call through a videoconference while addressing the signing ceremony of two companies—NWPGCL from Dhaka and CMC from Beijing—to form a...
A number of large business groups have come across a new-found opportunity in rooftop solar power projects amid the rising prices of fossil fuel and power tariff. They are increasingly investing in such roof-top projects for running their industrial units. The state-owned Infrastructure Development Company Limited (IDCOL)...
The listing of five state-run energy companies is likely to be delayed due to ensuring compliance with rules formulated recently by the Financial Reporting Council asking the SoEs to issue shares against the government’s share money deposits within six months. The current coronavirus pandemic situation in the...
The budget for fiscal 2020-21 is said to be one of the most challenging financial bills in Bangladesh's recent history. The severe fiscal constraints confronted by the government due to the pandemic would make it difficult to implement the budget as per target. It is expected that...
The Sustainable and Renewable Energy Development Authority (Sreda) has finalised a draft policy guideline for purchasing idle electricity from solar power plants now being used for running irrigation pumps. Sreda officials said the organisation, responsible for preparing policy matters related to renewable energy, recently finalised the guidelines...
Some of the world’s largest energy companies have signed up to the UN Green Hydrogen Catapult to bring down the cost of hydrogen production.
The project aims to drive down the cost of hydrogen to $2/kg by 2026, approximately half its current price. The...
HSBC Bangladesh has arranged the first sustainability-linked loan in Bangladesh as it lent $118 million (Tk 1,000 crore) to Square Group to advance its renewable energy ambitions. Under the arrangement, the credit terms of the existing working capital facility offered to Square Group will be linked to...