Business
Energy & Power
Total Energies Signs LNG Supply Deal with Ksi Lisims LNG
Ksi Lisims LNG LP and TotalEnergies Gas & Power Asia Private Ltd. (TTEGPA) signed a 20-year LNG agreement under which TTEGPA will purchase 2 million tonnes/year (tpy) of LNG from Ksi Lisims LNG in Western Canada on a freeon-board basis.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Govt to Run More Oil-Fired Power Plants to Ease Load-Shedding: Adviser
The government is planning to use more oil-fired power plants and ramp up fuel imports to meet the growing demand for electricity in the ongoing summer and upcoming Eid-ul-Azha, Power, Energy and Mineral Resources Advisor Muhammad Fouzul Kabir Khan said on 12 May.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Adani Signs Deal to Develop 5,000 MW of Hydropower in Bhutan
Adani Group and the Druk Green Power Corporation (DGPC) are set to develop 5,000 megawatts (MW) of hydropower projects in Bhutan.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Turkey Announces $30b Black Sea Discovery
President Recep Tayyip Erdogan announced that the new field, discovered by the Goktepe-3 well, contains 75 billion cubic meters of gas, enough to meet the residential needs of the country for about 3.5 years.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
ACC Moves to Revive BargeMounted Power Plant Case Against Hasina
The Anti-Corruption Commission has made a move to revive the 18-yearold barge-mounted power plant corruption case against deposed former prime minister Sheikh Hasina.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Govt Plans 'Some Load-Shedding' to Ease Subsidy Pressure
Some load-shedding will be necessary to prevent a sharp increase in power sector subsidies, but the government will make every effort to keep it within a tolerable limit, said Power, Energy, and Mineral Resources Adviser Muhammad Fouzul Kabir Khan on 27 April.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
DNCC to Install Air Quality Monitors at 25 Public Spots in Dhaka: Administrator
The Dhaka North City Corporation (DNCC) will install advanced air quality monitoring devices at 25 public locations across its jurisdiction with support from Bloomberg Philanthropies, said DNCC Administrator Mohammad Azaz recently.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
COP30 can be a Turning Point in Climate Fight, Says President
Brazil's UN COP30 president recently said he wanted this year's conference to mark a new era of global progress on climate change and was hopeful that countries would deliver more ambitious carbon-cutting plans.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Bangladesh's Regulatory Environment for Energy Transition Readiness 3rd Weakest in S Asia: ADB
Bangladesh's environment regulatory for supporting a clean energy transition ranks as the third weakest in South Asia, ahead of only Pakistan and Afghanistan, according to a new report released recently by the Asian Bank Development (ADB) in collaboration with the World Economic (WEF).
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
EIB to Lend €350m for RE
The European Investment Bank (EIB) has committed to providing €350 million in loans to support renewable energy projects in Bangladesh, with the European Union contributing an additional €45 million in grants.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
No Margin Loan for Power Sector
The taskforce for capital reforms market has suggested excluding power plants from the list of marginable securities as their nature of having fixed tenures makes them more aligned with bonds.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Summit Power's Profit Plunges 44pc in Q3
Summit Power reported a 44 per cent plunge in profit for the third quarter of FY25, as its three plants, which started operating under 'No Electricity, No Payment' arrangement, received no capacity charge during the period.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Wind Energy Giant Vestas Keeps Earnings Forecast Despite Tariffs
Wind turbine maker Vestas reported Tuesday a better-than-expected first-quarter net profit and stuck to its annual forecast despite earnings \"geopolitical uncertainty\" and US tariffs.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Robi Partners with FloSolar and GreenPower Asia to Build 100 MW Solar Power Plant
Robi Axiata PLC has signed a tripartite Memorandum of Understanding (MoU) with FloSolar Solutions Ltd. and GreenPower Asia to form a Special Purpose Vehicle (SPV) for the development and operation of a 100 MWp solar power plant.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Gas Gamble Gone Wrong
Bangladesh's industrial sector faces a mounting energy crisis that threatens its export-driven recovery, despite recent improvements in foreign exchange reserves.
8 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Petrobangla Clears All External Outstanding Gas Bills Ahead of Schedule
Petrobangla has paid all external outstanding LNG payments worth US$ 3,739.95 million ahead of two months of its payment schedule fixed on June 30.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Textile Millers Seek Smooth Gas Supply
Primary textile millers have urged the government to ensure smooth supply of gas as its short supply compelled the factories to cut production, causing substantial financial losses.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Achieving A Sustainable Energy Future
While the nation continues on a bumpy ride towards the restoration of democracy, the energy crisis continues to grow deeper.
6 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
WEC Announces 2025 Global Future Energy Leaders Cohort
The World Energy Council is delighted to announce the addition of 25 new members to its global Future Energy Leaders (FEL) program.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
EIA Cuts 2025 and 2026 Brent Oil Price Forecast
The U.S. Energy Information Administration (EIA) cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook (STEO), which was released on May 6.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
BPC to Appoint SPM O&M Contractor
State-run Bangladesh Petroleum Corporation (BPC) has moved to select a contractor for the operations and maintenance (O&M) of the country's maiden single-point mooring (SPM) around one year after commissioning, its sources.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Ukraine, US Sign Minerals Deal, Tying Trump to Kyiv
The United States and Ukraine recently signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
QatarEnergy Switches on 875 MW of Solar
The inauguration of two solar projects with a combined capacity of 875 MW has more than doubled Qatar’s installed solar capacity.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Bangladesh Reaffirms Climate Resilience Commitment at 4th RIMES Ministerial Meet
Bangladesh has reaffirmed its steadfast commitment to strengthening regional cooperation in climate resilience and disaster risk reduction during the 4th Ministerial Conference of the Regional Integrated Multi-Hazard Early Warning System (RIMES) held in Colombo Sri Lanka.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Clean Energy Transition is About People: Ambassador Miller
European Union (EU) Ambassador to Bangladesh Michael Miller recently said the clean energy transition is about people their access to reliable power and their access to economic opportunities.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Govt Moves to Implement TK 103.35cr Project to Strengthen Air Pollution Monitoring
The government has initiated a move to monitor air quality in road side areas under Dhaka and Chattogram City Corporation and also to identify the extent of air pollution caused by vehicles there.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Prioritize Environment While Approving Dev Projects: Rizwana
Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan recently said environmental protection must be given the highest priority while approving large-scale development projects.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
OPRI-SPF, ICIMOD Ink Deal to Strengthen Climate Resilience from Himalayas to Bay of Bengal
The Ocean Policy Research Institute of the Sasakawa Peace Foundation (OPRI-SPF) and the International Centre for Integrated Mountain Development (ICIMOD) have signed a Joint Statement of Understanding launching the Glacier to Ocean project, a transformative initiative connecting the Himalaya and the Bay of Bengal through integrated climate action.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Foreign Banks Easing Credit Lines, Fuel Suppliers Lowering Risk Premiums
Foreign banks begin easing line-of-credit backup to local banks and fuel suppliers lowering risk premiums as spinoffs from a steady rise in remittance into Bangladesh, sources say, as April receipt sets a record.
1 min |
EP_21_23 (Energy & Power Vol 22 Issue 23 May 16, 2025)
Energy & Power
Titas Gas's Loss Swells in Q3 on Higher Expenses
Titas Gas Transmission and Distribution showed a hefty loss of Tk 2.36 billion in the third quarter of FY25 despite a 3.4 per cent year-on-year revenue growth.
1 min |