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...
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...
The Ministry of Power, Energy and Mineral Resources has proposed an allocation of Tk30,736 crore and another Tk8,000 crore in subsidy for the fiscal year 2020-2021. Some 93 projects in the power sector and 24 projects in the energy sector will be there to be implemented in...
U.S. clean-energy startup, Commonwealth Fusion Systems, raised an additional $84 million from major investors in Europe and Asia, underscoring that the appetite remains to back new technologies which could mitigate climate change.
As the world looks to ramp up the use of intermittent renewable energy, it needs to add...
Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...
Some
125 publicly-traded companies in the manufacturing and service sectors have
expressed fears of heavy losses due to the ongoing coronavirus outbreak. Among
them, 116 companies are in the manufacturing sector, such as RMG, cement,
ceramics, engineering, and tannery sector. The other nine are in the real
estate and service sector. These companies are...
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)...
Bangladesh is set to see a rising volume of waste from solar photo-voltaic panels in the coming years, which in the absence of absence of proper disposal and management pose risks to the environment and humans. By 2041, the country will produce more than 0.748 million tonnes...
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...