Business
Energy & Power
Asian Buyers Demand Lower Prices for Qatar's Long-Term LNG Deals
Major LNG buyers in Asia are seeking lower prices for Qatar’s new longterm supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Rampal Power Plant Shuts Down
The 1320-MW Rampal power plant, a joint venture between state-owned power companies of India and Bangladesh, shut down recently, drawing on the force majeure clause of the power purchase agreement between the parties.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
500 e-Buses to be Launched in Dhaka
An initiative has been taken to introduce a modern city bus service with 500 electric buses by developing the necessary infrastructure under the bus-route franchise (BRF) system.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Unable to Return Deposits, 7 Banks Leave BPC Dry
The Bangladesh Petroleum Corporation (BPC) says it cannot encash deposits worth nearly Tk 1,700 crore held with seven private banks, which the government agency blames for causing delays to its development projects and disrupting regular operations.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
HC Orders Dismantling Illegal Brick Kilns
The High Court has ordered the removal of all illegal brick kilns across the country in strict compliance with legal provisions and directed that a report be submitted to it by March 17.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Summit Power's Profit Jumps 51% in 2024
Summit Power Ltd, a major private electricity producer, reported a significant increase in its profit for 2024, thanks to reduced volatility in the exchange rate.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
CPD for Strengthening Partnership with Australia for Green Transition
Centre for Policy Dialogue (CPD) recently laid emphasis on establishing bilateral partnership between Bangladesh and Australia to accelerate adoption of green and renewable technologies, energy efficient systems, and smart grid solutions.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
China's 2024 Coal Projects Threaten Climate Goals: Report
China last year began construction on projects with the greatest combined coal power capacity since 2015, jeopardizing the country's goal to peak carbon emissions by 2030, according to a report published recently.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
IDCOL to Help Install Industrial Rooftop Solar Systems
The Infrastructure Development Company Limited (IDCOL), in partnership with the Bangladesh Garment Manufacturers and Exporters Association, organized a workshop on ‘Installation of industrial rooftop solar system – prospects and benefits’ recently in the capital.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Meghna Petroleum Profit Soars 66% in Q2
State-run SP Meghna Petroleum's profit rose in the second quarter of fiscal year 2024-25.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Wealthy Nations Owe Bangladesh $5.8t in Climate Debt, Says ActionAid
Bangladesh, a country grappling with an increasing external debt burden, is owed a staggering $5.8 trillion in climate debt by rich, high-polluting nations, according to a report by ActionAid released this month.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Govt Approves LNG Import to Address Gas Shortfall
The government has decided to import one cargo of liquefied natural gas (LNG) from the spot market by the first week of March through the direct purchase method to prevent a shortfall in gas supply.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
UN Warns Nations at Climate Science Meeting 'Time is Not on Our Side'
Tense negotiations on the timing and content of the UN's next blockbuster assessment of global warming science opened in China recently, with US scientists reportedly absent.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
New Energy, Power Projects have to Take BERC Approval: Chairman
Chairman of Bangladesh Energy Regulatory Commission (BERC) Jalal Ahmed, has said that from now on, the concerned authorities must take approval from the commission before implementing any project in the power and energy sector.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Textile Millers Urged to Adopt Solar Energy
Commerce Adviser Sk Bashir Uddin recently urged textile millers to increase the use of solar energy to cut production costs and reduce dependence on gas and fossil fuels to stay competitive.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Middle East Offshore Drilling Giants Plan Alliance
The alliance would deploy some of Arabian Drilling’s jackup rigs internationally while Shelf Drilling would look to use certain high-spec Arabian Drilling jackups to meet contract requirements.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Rizwana Calls for Transitioning to RE from Fossil Fuel
Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan recently urged the business community and international partners to collaborate with their Bangladeshi counterparts to transition from fossil fueldependent energy production to renewable and sustainable sources.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
RNPP Likely To Start Feeding Grid In Oct
Amid fears of a summer power crisis, consumers are eager for updates on the 2,400 MW Rooppur Nuclear Power Plant (RNPP). The first 1,200 MW unit is reportedly ready for trial, but transmission infrastructure delays persist.
9 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Excelerate Energy Bangladesh Limited Inaugurates 'Excelerate Hope Hospital' in Moheshkhali
This milestone marks a significant achievement in providing vital maternal healthcare services to the local community.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Gas Tariff Hike to Raise Import Dependence, Cut Jobs: Experts
If the government implements the proposed increase in natural gas tariffs, it could halt local production, increase import dependency, and lead to significant job losses, warned sector insiders at a recent policy discussion.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Govt Working to Generate 10% Electricity from Renewable Sources by 2030: Energy Adviser
The government is working relentlessly to generate 10% of electricity from renewable energy sources by 2030, Adviser Muhammad Fouzul Kabir Khan said recently.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
DOMESTIC COAL RESERVES TO USE OR NOT TO USE
Whether Bangladesh will make a firm decision on the use of its own coal reserves for power generation is an issue being debated again.
2 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Barapukuria Coal Mine: Locals Stage Sit-in for Compensation
Residents of 12 villages surrounding the Barapukuria Coal Mining Company Limited in Parbatipur upazila of Dinajpur recently began an indefinite sitin at the mine's entrance to press home their six-point demands.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Japan Targets 60% Emissions Cut by 2035 from 2013 Levels
Japan set fresh climate targets recently, pledging to slash greenhouse gas emissions by 60 percent in the next decade from 2013 levels.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Chevron to Lay Off Up to 20% of Global Workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the US oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Urgent Call for Accelerating Energy Transition in RMG Sector
Major apparel-importing countries, including the European Union, are set to make use of sustainable energy mandatory to ensure environmentally friendly production.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
G-7's Failing Renewables Commitment Pushing Fossil Fuel in Bangladesh, Beyond: Report
The richest nations, including the G-7 countries, are failing to uphold their commitments to global renewable energy expansion.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
An Evaluation Of Interim Govt Actions In Energy, Power Sector
One major challenge Bangladesh faces is the prevailing and emerging power and energy supply crisis.
7 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
BPC Likely to Begin Ctg-Dhaka Oil Supply Thru Pipeline from March-End
The first-ever DhakaChattogram fuel oil transportation pipeline is set to begin operation at the end of March, according to Bangladesh Petroleum Corporation (BPC) sources.
1 min |
EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Energy & Power
Jamuna Oil's Profit Rises 17% in Q2
Jamuna Oil Company's grew in the profit second quarter of 2024-25 fiscal year driven by higher interest income.
1 min |