Business
Energy & Power
Adopting Green Business Model Essential to Remain Competitive: Swedish Ambassador
Swedish Ambassador to Bangladesh Nicolas Weeks has said consumer demands are shifting towards sustainability, and many companies, including their key global Swedish brands, have set ambitious climate goals.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Govt Plans RE on Unused Tea Estate Land
In a move to maximize land use within the country's tea estates and promote alternative energy sources, the government has decided to launch renewable energy projects and eco-tourism initiatives on unused tea estate land.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Kerosene, Diesel to No Longer Cost the Same
Kerosene and diesel will no longer cost the same, as per a new fuel pricing formula introduced by the Energy and Mineral Resources Division recently.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Rizwana for Developing Habit of Using Cloth, Jute Bags
Environment Adviser Syeda Rizwana Hasan recently underscored the need for developing the habit of using cloth and jute bags as alternatives to polythene to reduce plastic use in daily life.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
One of 5 Units Generates 40MW of Electricity Daily Due to Low Water Level in Kaptai Lake
The generation of power in all five units of the country's lone hydel power station has been facing a problem due to the low water level in the Kaptai Lake and insufficient rainfall since February this year.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Subsidy-Free Energy Sector May Take Until 2030
Achieving sustainable energy security and ensuring a subsidy-free, self-sustaining energy and power sector remains a major challenge for Bangladesh.
6 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Govt Set to Halve Power Subsidies in FY26
The he government is halve the power subsidy for the next fiscal year (FY 2025-26) to reduce the financial burden on the exchequer.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Empowering Communities Sustainable Progress Innovation
Summit Power International is transforming Bangladesh's infrastructure with innovative solutions across sectors. Backed by global partnerships and foreign investments, we set new standards in development. At Summit, we empower communities and build a stronger, more prosperous future.
7 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Trump Shift Boosts Offshore Wind Project: New York Governor
The Trump administration has reversed a halt order on a giant offshore wind project in New York state, New York Governor Kathy Hochul announced recently.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
8 More RNPP Staff Suspended Amid Unrest
Eight more employees of Rooppur Nuclear Power Plant have been temporarily suspended for allegedly engaging in \"subversive activities, negligence of duties, and misconduct\", according to an order issued by the power plant authorities.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
China to Drive Global Ethylene Capacity Additions Through 2030: GlobalData
China is set to drive the global ethylene capacity additions, occupying a share of more than 36% by 2030, as both demand and supply of ethylene are expected to grow in the country, according to GlobalData, a leading data and analytics company.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Stranded New Power Assets to Heighten Overcapacity
Brand-new power and energy sector assets, including major power plants, are getting stranded, presenting the Bangladesh Power Development Board with new overcapacity challenges.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
TotalEnergies to Face Trial in 'Greenwashing' Case
TotalEnergies will face a Paris civil court in June over allegations it made false advertisements about its climate pledges — an unprecedented case in France against a major fossil fuel company, activists said.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Tanguar Haor Project Launched for Community-Led Wetland Conservation
Ahead of the International Day for Biological Diversity on May 22, a new initiative was launched to conserve biodiversity and promote community-based ecosystem and natural resource management in Tanguar Haor, a Ramsar site and one of Bangladesh's most ecologically important wetlands.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Palli Bidyut Association's Ongoing Movement Unjustified: BREB
The Bangladesh Rural Electrification Board (BREB) has termed the ongoing movement by a faction of Palli Bidyut Samity (PBS) \"unjustified\" and accused them of attempting to destabilize the country's power sector and the interim government.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Record May Heat Scorches North, Central China
Swathes of northern and central China were sweltering under record May heat, state media reported recently, as the country braces for another summer of extreme temperatures.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
PRAGMATISM PREVAILS AS RNPP SURVIVES
It's reassuring to know that the much-debated Rooppur Nuclear Power Plant (RNPP), a $14 billion mega-project of the former Awami League government, has survived the scrutiny of the interim government.
2 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Speakers Stress to Revisit Energy Policies to Ensure Clean Air
A policy breakfast titled \"Revisiting Energy Policies for Ensuring Clean Air\" was held at the Conference Hall of the Bangladesh Institute of Planners (BIP), jointly organized by the Center for Atmospheric Pollution Studies (CAPS), Bangladesh Institute of Planners (BIP), and the Center for Participatory Research and Development (CPRD).
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Sonnex to Establish 500 MW Solar PV Module Manufacturing Hub in Bangladesh
In a landmark event in Dhaka on May 13, Sonnex Energie (Bangladesh) Ltd emerges as a strategic joint venture between Sonnex Energie GmbH— renowned for its high-efficiency solar modules and PV inverters and Solar EPC Development Ltd, a market leader in turnkey solar solutions in Bangladesh.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
18 Engrs Dismissed from RNPP amid Unrest
The authorities of the Nuclear Power Plant Company Bangladesh Limited (NPCBL) have dismissed 18 engineers, including the deputy chief superintendent, from the Rooppur Nuclear Power Plant project following a week-long unrest.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Petrobangla Looks to Go without Subsidy
The state-run Petrobangla is upbeat about the withdrawal of valueadded tax (VAT) on the import of expensive liquefied natural gas (LNG) as it would help reduce overall LNG cost and free this state entity from any subsidy from the government, said sources.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
LNG Trade Grew 2.4% in 2024, Despite Sharp Decline in European Imports
Global LNG trade grew by 2.4% in 2024 to 411.24 million tonnes, connecting 22 exporting markets with 48 importing markets, according to findings shared in the International Gas Union’s (IGU) ‘2025 World LNG Report.’
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Govt Goes for $4.0b Hard Loans for Fuel Imports, Dev Projects
Bangladesh is poised to borrow $4.074 billion in nonconcessional foreign loans to finance critical imports of fuel and fertilizer, provide essential budgetary support, and propel key development projects.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Padma Oil MD Sends Resignation Letter from USA
Padam Oil Company's Managing Director, Md Abdus Sobhan, has after resigned days reaching the United States of America to see his ailing wife.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
US DOE Finds LNG Exports in Nation's Best Interest
The Cameron LNG Phase 1 in Hackberry, La., reached full commercial operations in August 2020.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
ExxonMobil to Invest $1.5b to Revive Nigerian Deepwater Oilfield
Exxon Mobil Corp. is set to invest $1.5 billion in Nigeria’s offshore oil sector, part of a major push to revitalize the country’s deepwater production.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Petronas Extends Operatorship of Caspian Sea Gas Concession
Petronas has signed a new production-sharing contract (PSC) with state-owned Turkmennebit for the block 1 gas and condensate fields in the Caspian Sea offshore Turkmenistan.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Rosatom will Support Vietnam in Building Nuclear Power Plant
Rosatom State Corporation of Russia and Vietnam have signed an interdepartmental roadmap for developing nuclear technologies in Vietnam until 2030.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Bangladesh, Kuwait Discuss Energy Cooperation
Ambassador of Bangladesh to the State of Kuwait, Major General Syed Tareq Hussain, has paid a courtesy call on Kuwaiti Minister of Oil Tareq Al-Roumi in Kuwait City.
1 min |
EP_22_24 (Energy & Power Vol 22 Issue 24 June 1, 2024)
Energy & Power
Kuwait to Invest $50b to Boost Oil Production Capacity
Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporation’s deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said.
1 min |