Energy & Power - October 16, 2020
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Bangladesh Petroleum Exploration and Production Company (Bapex) could not grow as a company of international standard despite operating for a long period of over 30 years. State Minister for Power, Energy and Mineral Resources Nasrul Hamid, who is responsible for the well-being as well as development of the Petrobangla company, himself expressed frustration over its performance at a recent virtual conference. He blamed the company itself and its employees for not being able to achieve a standard of international repute. Energy sector experts at the same event held not only the Bapex employees, but also the administration responsible for the failure. Despite the State Minister’s hopelessness, the experts still believed the company could be strengthened and developed if it could be provided with necessary freedom of taking decisions and financial support. They also suggested measures to retain the already trained manpower of the organization through providing necessary incentives. However, it would be wise to provide all necessary supports to the country’s lone exploration and production company to strengthen it considering the energy security of the country. A strengthened Bapex could be useful particularly in cases of global uncertainties.
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Wartsila Power Plants Helping BD Meet Power Shortage
The technology groupwärtsilä has been contracted to supply two more power plants to Bangladesh.
US Firm To Withdraw From Deal
The White House pushed back recently at a European suggestion it was softening its stance on the Paris climate accord, insisting Washington will withdraw from the agreement unless it can re-enter on more favorable terms, reports AFP.
Strong Overseas Demand For Australia Coal
Strong Asian demand for coal from Australia is depriving domestic power generators of fuel and driving electricity prices higher, energy providers and mining sources said.
New Zealand Leads In Zero Emission Renewable Grid Electricity
New Zealand leads the world in zero-emission renewable grid electricity now at 85%.
LNG Price To Be Affordable, Stable
LNG Price To Be Affordable, Stable
Lift Duty On Import Of Furnace Oil
Textile millers have demanded duty-free import of heavy fuel oil or furnace oil to keep their factories up and running.
India To Join Building Rooppur Nuclear Plant
India has said it is collaborating with Russia to build the Rooppur Nuclear Power Plant in Bangladesh.
Security Gets Vulnerable
Solar Mini Grid Has Opened A New Door
Present population of Bangladesh is approximately 170 million.Among them 30 million live on the Costal belt Off-Grid Area. The Solar Mini Grid is bringing change in life by scattering light to those Off-Grid Areas people.
Infrastructure Imbroglio
It was on March 22, 2012 when the Power Division of the government at a seminar unveiled a mega plan for increasing power generation in the country. Presenting the keynote paper, the then Chairman of Bangladesh Power Development Board Engr.
