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Energy & Power Magazine - EP_22_09 (Energy & Power Vol 22 Issue 9 October 16, 2024)

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In this issue

The country's gas supply crisis is deepening by the day, and despite various efforts, there’s little hope of improvement. Several key projects, especially gas-dependent power plants, are nearing completion, but many of them are unlikely to get the gas they need to start operating. One such project is the 880MW Rupsha Power Plant, the most efficient in the country and its first zero-waste gas-based plant. Although it's almost ready for a trial run, uncertainty around gas supply threatens to leave this huge investment sitting idle. When Petrobangla first promised gas to Rupsha, the country was producing 2,800 MMCFD of gas. Since then, production has fallen to 2,000 MMCFD, and even with an additional 1,000 MMCFD of imported gas, it’s unclear if there will be enough to power Rupsha. The Asian Development Bank (ADB), the financier of the project, has voiced concerns about this looming supply issue. Meanwhile, criticism is growing over how previous governments handled energy planning, with questionable projects pushed through under the Special Act of 2010. Many of these are now being reviewed or canceled. The fear is that if the gas shortage isn’t resolved soon, the country might have to rely more on dirtier, more expensive liquid fuel power plants. This would increase energy costs and strain the country’s energy security. It’s crucial to ramp up gas supplies to the Khulna region, where Rupsha is located, and elsewhere across the country to prevent a future burden on the public and avoid leaving critical power plants idle.

World Gas Use to Hit Record in 2025 Amid Fight for LNG, IEA Says

Global demand for natural gas will hit an all-time high next year as competition for seaborne fuel intensifies between Asia and Europe, according to the International Energy Agency.

1 mins

Santos Signs Major LNG Deal for Asia

Under the terms of the contract, Santos will supply 20 LNG cargoes to TotalEnergies, equating to approximately 0.5 million tonnes of LNG annually.

1 mins

Norway's Offshore Discoveries Deliver Swift Payback

E&P companies spent about NOK660 billion ($62.5 billion) exploring for oil and gas on the Norwegian Continental Shelf between 2004 and 2023, according to the Norwegian Offshore Directorate (NOD).

1 mins

OPEC+ Countries Keep Plans to Boost Oil Production from Dec: Novak

OPEC+ countries are currently keeping plans to ramp up oil production from December 2024 but will monitor the market situation, Deputy Prime Minister Alexander Novak told reporters. \"No changes have been discussed thus far,\" Novak said.

1 mins

Explosion at Ctg Oil Tanker: Two Bodies Recovered

Two bodies were recovered from crude oil tanker \"Banglar Jyoti\" hours after a fire broke out following an explosion on the ship's bow recently.

1 mins

RNPP Biggest White Elephant of Former Govt: Prof Mainul

Economist Dr Mainul Islam said Rooppur Nuclear Power Plant (RNPP) is the biggest white elephant of the former government.

1 mins

Farzana Mamtaz New Power Secretary

The government has promoted additional secretary Farzana Mamtaz to the post of secretary.

1 mins

Denmark Keen to Invest in Bangladesh's Offshore Wind Energy, Port

Denmark has expressed keen interest to invest into Bangladesh's port infrastructure and offshore wind energy as well as support to further development of the pharmaceutical sector.

1 mins

Palki Motors Accepted into Accelerator Asia's Cohort 10 with $100,000 Impact Investment

Palki Motors Pte. Ltd., a purpose-driven electric vehicle manufacturer committed to transforming commercial mobility, announced its acceptance into South Asia’s largest pre-Series A accelerator, Accelerator Asia, as part of Cohort 10.

1 mins

KrisEnergy, Bangladesh Holds Session on Gas Gun

As part of the initiative of the Southeast Asian Petroleum Exploration Society (SEAPEX), KrisEnergy, Bangladesh has arranged two sessions and the third session was held recently.

1 mins

Govt to Buy Two Cargoes of LNG from Spot Market

The advisory committee on government purchase has approved the import of two cargoes of liquified natural gas (LNG) from the spot market.

1 mins

Price of LPG 12kg Cylinder Rises by Tk 45

The price of liquefied petroleum gas has risen by nearly Tk 3 per kg in October in Bangladesh in line with rising prices on the international market.

1 mins

Rupsha Power Plant The Fate Of New, Efficient Facility Hinges On Gas

The gas supply crisis in the entire gas franchise is getting more intense daily.

10+ mins

Energy Crisis And Recovery Roadmap

If one asks me about one of the burning issues the interim government has to deal with, I will mention the dwindling energy supply situation.

8 mins

The Controversy Over Bangladesh's Special Energy Act

Bangladesh’s Quick Enhancement of Electricity and Energy Supply (Special Provisions) Act 2010 has sparked both swift solutions and heated debates.

5 mins

Gas Supply Chain Management Bangladesh and Beyond

Following the recent political change from the mass uprising, disputes have surfaced among Petrobangla and gas companies over the gas supply chain management.

9 mins

Doreen Power to Sell Another Plant

Doreen Power Generations and Systems has announced that it will sell another power plant in Feni a month after it sold its Tangail plant upon the expiry of its 15-year power purchase contract with the government.

1 mins

Chevron Bangladesh Inaugurates Comprehensive Tree Plantation Drive

Chevron Bangladesh and Green Savers, an environmental organization, jointly inaugurated a tree plantation program in the vicinity of Chevron Bangladesh's Bibiyana Gas Plant in Habiganj as part of the comprehensive tree plantation initiative across the country to protect biodiversity.

1 mins

TotalEnergies Plans to Grow Oil, Gas Production Until 2030

French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals.

1 mins

Dr Yunus Praises Russian Cooperation in Power, Energy Sectors

Chief Adviser Professor Muhammad Yunus recently praised Russia’s cooperation in the power and energy sectors and acknowledged Russia’s role as a supplier of wheat and fertilizer to Bangladesh.

1 mins

Bangladesh Deposits Instrument of Ratification of BBNJ Deal

Bangladesh has deposited instrument of ratification for the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction (BBNJ Agreement) to the United Nations.

1 mins

Govt Cancels Deal with Summit Group on Setting Up New FSRU

The government has cancelled the deal with Summit Group over setting up of a new floating storage and re-gasification unit (FSRU), known as LNG (liquefied natural gas) terminal.

1 mins

RNPP Experts Receive Training in Russia on Nuclear Fuel Handling

Rooppur Nuclear Power Plant experts have completed training at a Rosatom research institute in Troitsk, Russia.

1 mins

Summit Group Urges Govt to Reverse Decision to Terminate FSRU Project

Summit LNG Terminal II Co Ltd (“SLNG II”), a unit of Summit Group, has urged the government of Bangladesh to reverse its decision to terminate the third Floating Storage and Regasification Unit (“FSRU”) project in the country.

1 mins

Tripartite Deal Inked to Bring 40 MW Power from Nepal to Bangladesh

Environment, Forest, Climate Change Adviser Syeda Rizwana Hassan recently witnessed the signing of a 40-megawatt electricity trading agreement among Nepal, Bangladesh, and India.

1 mins

Govt Set to Issue Tk5,000cr Bonds to Clear Power Sector Dues

The government is set to issue new bonds worth Tk5,000 crore to address pending payments to private power producers, according to official sources.

1 mins

100 New Gas Wells to be Drilled by 2028

Authorities have started work for drilling at least 100 new gas wells by 2028, 50 of which would be drilled by next year, in order to resolve the country’s persistent fuel crisis, energy adviser Muhammad Fouzul Kabir Khan said recently.

1 mins

China Keen to Invest in Bangladesh's Solar Panels, Deepen Ties

Chinese Foreign Minister Wang Yi recently said his country wants to invest in solar panels in Bangladesh and deepen trade and economic ties with Dhaka.

1 mins

BPDB Likely to Invite Tender for Setting Up 10 Solar Power Plants

The Bangladesh Power Development Board (BPDB) is preparing to float tenders for the development of 10 gridconnected solar power plants in the private sector, each with a capacity of 50 MW, totaling 500 MW.

1 mins

India Seeks 6,000 MW of Peak Renewable Power Supply with Storage

India is seeking bids to supply 6,000 megawatts (MW) of electricity from renewable energy power projects for assured peakhour supply with storage, according to a tender issued by state-run SJVN (SJVN.NS).

1 mins

Bangladesh Lags as Renewables Set to Offer Half of Global Electricity by 2030: Report

In a striking contrast to global trends, Bangladesh finds itself lagging in the renewable energy sector, as outlined in the latest International Energy Agency (IEA) report recently.

1 mins

Fuel Retailers See EV Charging as Key to Survival

Fuel retailers see EV charging as a critical battleground for retaining customers, with 88% concerned about the impact of growing competition as drivers plug in at homes, workplaces and destinations, according to a new survey by Konect, a Gilbarco Veeder-Root business.

1 mins

$300m WB Fund for Clean Air Project

The World Bank will provide $300 million to assist the clean air project in Bangladesh.

1 mins

PowerChina Switches on 100 MW Solar Tower in South Africa

PowerChina said South Africa's 100 MW Redstone CSP plant has achieved grid connection.

1 mins

US DOE to Invest $112.5m to Promote Wave Energy

The US Department of Energy (DOE) says that it will fund up to $112.5 million to promote and commercialize wave-created power in what it describes as “its largest-ever investment in marine energy.”

1 mins

Spain's Acciona Advances 2.4 GW of Energy Storage

Acciona Energía has just launched its second hybrid wind-solar project in Spain, at Villalba del Rey and Tinajas.

1 mins

Dhaka Hopes COP29 will Deliver Concrete rowess on Materializing Financing Commitments

Foreign Secretary Md Jashim Uddin has expressed hope that COP29 will deliver concrete progress on materializing international climate financing commitments.

1 mins

Azerbaijan Fails to Mention Fossil Fuels at UNGA Speech

COP29 Host Azerbaijan's Minister of Foreign Affairs, Jeyhun Bayramov, spoke recently at the 79th United Nations General Assembly and outlined a few critical COP29 outcomes. 350.org recognizes and welcomes the mention of the need for a renewable energy uptake and the delivery of a fair and ambitious New Collective Quantified Goal (NCQG) at COP29, but expresses concern over Azerbaijan's continued pattern of not mentioning 'transitioning away from fossil fuels'.

1 mins

Incoming Presidency Formulates COP 29 An Agenda, Reveals Initiatives

Through its initiatives, the Presidency endeavors to “address all climate pillars, involve global, regional, national and subnational groups, take a holistic view of sustainable development, and include all demographics within an inclusive process that delivers inclusive outcomes.

1 mins

Deal on Climate Aid Hangs in Balance at UN COP29 Summit

Nations remain in deadlock over a crucial pact on climate aid, with divisions over who pays, and how much, threatening chances of a deal being landed at next month's COP29 summit.

1 mins

Govt, Media Must Work Together to Combat Air, Water and Noise Pollution: Rizwana

Environment, Forest and Climate Change Advisor Syeda Rizwana Hasan emphasized the need for the government, media, and the public to work collectively to combat air, water, and noise pollution, as well as to address the adverse effects of climate change.

1 mins

Climate Change: 17% of Bangladesh's Territory to Submerge by 2050

Bangladesh has ranked 9th worldwide among countries at the highest risk of climate-induced disasters and 17 percent of Bangladesh’s territory will be submerged by rising sea levels by 2050.

1 mins

Yunus for Operationalizing 'Loss and Damage Fund' to Address Climate Change

Chief Adviser Professor Muhammad Yunus has urged the world community to make the 'Loss and Damage Fund' operational with additional financing aiming to deal with the adverse impacts of global climate change.

1 mins

G20: Key Role of Energy Planning to Drive Just Transition Investment in Global South

Current global investment not only suffers from significant disparities between advanced economies and emerging markets and developing economies (EMDEs), but also with group of EMDEs, new IRENA reports commissioned by Brazil’s G20 presidency find.

1 mins

UN Warns World's Water Cycle Becoming More Unpredictable

Increasingly intense floods and droughts are a \"distress signal\" of what is to come as climate change makes the planet's water cycle ever more unpredictable, the United Nations said recently.

1 mins

Rizwana Directs DCs, Police to Check Polythene Use

Syeda Rizwana Hasan, Adviser to the Ministry of Environment, Forest and Climate Change recently asked local administrations and police to take effective steps to prevent the use of banned polythene.

1 mins

Govt Mulls Blue Network Using Dhaka's Canals: Rizwana

Water Resources Adviser Syeda Rizwana Hasan has said the government plans to create a blue network using Dhaka's canals.

1 mins

China Needs 'Ambitious' Climate Goals to Meet Commitments: Report

China should set a \"strong but achievable\" target of slashing emissions at least 30 percent by 2035 when it submits updated climate commitments in coming months, a report urged recently.

1 mins

EBL-German Embassy Partner to Promote Climate Action

Eastern Bank PLC and the Embassy of the Federal Republic of Germany have entered into a partnership to collaborate on the EBL Climate Change Action Award.

1 mins

SDG 7 Action Forum "Energizes" Sustainable Development

The climate crisis, ongoing conflicts, and a constrained global economic outlook have compounded the “fragility of past hard-earned progress” on the SDGs.

1 mins

YUNUS-LED GOVT INTENSIFIES FOCUS ON REFORMING STATE INSTITUTIONS

Since taking over the interim government, Chief Adviser Prof Muhammad Yunus and his advisers have focused on two major tasks: tackling the post-Hasina law and order situation and the reforms in the key institutions.

2 mins

No Unreasonable Cost To Be Considered For Fixing Tariff

The BERC Act embodies everything to create a fair ambiance of competition for all parties and protect the rights of the consumers.

8 mins

Read all Stories from Energy & Power

Energy & Power Magazine Description:

Publisher: Energy-&-Power

Category: Business

Language: English

Frequency: Fortnightly

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to

a) Develop public consciousness on sustainable and even development of energy sector;

b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector;

c) Continuous supply of information among public; and

d) Develop a group of reporters in this field

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world.

It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption.

In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh.

The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

Code of Ethics

EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice.

EP believes in

o Seeking truth and reporting the same

o Minimize harm