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...
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...
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...
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...
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...
The government has finally issued guidelines on how solar-powered irrigation system owners can be paid for exporting power back to the grid. However, for those who expect to have to use grid power to augment solar from time to time, there could be a sting in the...
ফাইন্যান্সিয়াল রিপোর্টিং কাউন্সিলের (এফআরসি) নির্দেশনা মানছে না শেয়ারবাজারে তালিকাভুক্ত ও রাষ্ট্রায়ত্ত কোম্পানি পাওয়ার গ্রিড কোম্পানি। ফলে গ্রাহকদের কাছ থেকে ২৯১ কোটি টাকার পাওনা আদায় নিয়ে শঙ্কা প্রকাশ করেছেন কোম্পানিটির নিরীক্ষক। পাওয়ার গ্রিডের ২০২০ সালের ৩০ জুন সমাপ্ত হিসাব বছরের আর্থিক হিসাব নিরীক্ষার নিরীক্ষক এমন মন্তব্য করেছেন। ঢাকা...
The government has taken steps to ensure supply of 14,000-MW electricity during the upcoming irrigation season.
“We have instructed all concerned for completing necessary preparation to ensure supply of 14,000 MW power during the upcoming irrigation season,” State Minister for Power, Energy and Mineral...
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)...
In a move to ensure rational use of natural gas, state-owned Titas Gas Transmission and Distribution Company Limited has embarked on a plan to bring over 28 lakh consumers under prepaid metre system in phases. "We have a plan to install over 28 lakh prepaid metres under...