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Energy & Power - EP_22_21 (Energy & Power Vol 21 Issue 21 April 16, 2025)

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For four days this April, Dhaka drew global business attention as Bangladesh hosted the 2025 Investment Summit – its most ambitious push in recent years to attract foreign direct investment (FDI). Organized by the Bangladesh Investment Development Authority (BIDA), the summit brought together over 400 investors from 42 countries, with significant participation from China, the US, and the UK. The mood was one of cautious optimism. Instant pledges totaling BDT 3,100 crore were announced, with a large Chinese delegation expected back in May. Political leaders pledged policy reforms to improve the business climate, regardless of electoral outcomes. Nobel Laureate Dr. Muhammad Yunus underscored the country’s potential as a hub for both profit and purpose, calling for social innovation to be part of the investment conversation. Global names like Alibaba, Toyota Tsusho, Uber, VISA, JERA, and the World Bank added credibility. BIDA promised a robust follow-up to ensure pledges materialize into real investments, typically within 18–24 months. Yet challenges persist: policy inconsistency, bureaucratic delays, corruption, and an energy crisis continue to undermine investor confidence. These issues have left Bangladesh trailing regional peers like Vietnam and Cambodia in attracting key foreign capital, especially from China. Still, the summit helped shift perceptions. Experts say the intent is promising, but real progress depends on policy continuity, infrastructure upgrades, and energy stability. In the end, turning investor interest into long-term commitment will require Bangladesh to build trust and deliver on its promises.

ExxonMobil to Lay Off 250 UK Workers

Exxon Mobil Corp. will shrink its UK headcount by about 250 positions as the Texas oil giant consolidates its operations in the country.

1 mins

CNOOC Confirms Large Oil Discovery at Huizhou 19-6 Offshore China

CNOOC has discovered the largest integrated clastic oil field in the eastern South China Sea, with inplace reserves of more than 100 MMtons of oil equivalent.

1 mins

Offshore Incident Results in Death of Drillship Crewmember

An offshore incident recently resulted in a rig crewmember passing away onboard the Noble Viking drillship.

1 mins

Petronas Extends Offshore Malaysia, Vietnam Contracts

Petronas, through Malaysia Petroleum Management (MPM), extended offshore production contracts with Vietnam Oil and Gas Group (PetroVietnam) in the PM3 Petroleum Commercial Arrangement Area (CAA) straddling the maritime border of Malaysia and Vietnam.

1 mins

Fuel Prices Remain Same in April

The interim government is keeping the prices of all types of fuel the same as a month ago.

1 mins

RNPP Likely to Start Operation This Year: CA

Chief Adviser Dr. Muhammad Yunus said recently that the Rooppur Nuclear Power Plant (RNPP) is expected to begin generating power on a trial basis by the end of this year.

1 mins

Titas Issues Safety Alert over Gas Stove Use after Eid Holidays

Following the Eid-ul-Fitr holidays, Transmission Distribution Titas Gas and PLC has issued a set of safety guidelines for using gas stoves at home.

1 mins

Late Tender Submission: Patuakhali RNPL Power Plant Rejects 2 Companies

The authorities of RPCLNorinco International Power Limited (RNPL) power plant in Patuakhali have decided to reject two companies from the evaluation process due to their late submission of coal supply tenders past the deadline.

1 mins

Summit Sparks Investor Interest

The 2025 Investment Summit in Dhaka drew over 400 investors from 42 countries, including major players from China, the US, and the UK. With BDT 3,100 crore in immediate pledges and promises of policy reform, the event signaled renewed global interest in Bangladesh's economy.

10+ mins

Impediments To Inflow Of FDI In Energy & Power Sector Of Bangladesh

In the current critical situation of Bangladesh's uncertain energy security, the sector desperately needs the free flow of foreign direct investment (FDI) across all segments of the energy and power supply chain.

6 mins

Will The Proposed Renewable Energy Policy Be Sustainable?

In response to the urgent need for the swift development of renewable energy in Bangladesh, the government prepared a draft of the renewable energy policy in February and sent it to various stakeholders for their input.

3 mins

Why Is Southeast Asia Turning To Nuclear Power?

Governments across Southeast Asia are eyeing nuclear energy as a means to fuel rapid growth while also meeting ambitious climate goals. But critics say they should instead be focusing on exploiting abundant renewable sources.

4 mins

Can COP30 Succeed Where COP29 Failed?

Last year's United Nations Climate Change Conference (COP29) in Baku ended with developed countries agreeing to mobilize $300 billion annually for climate finance in developing countries.

4 mins

Top US Firms to Champion Growing Bangladesh-US Economic Partnership

Leading US investors in Bangladesh, represented by the U.S.-Bangladesh Business Council, met Chief Adviser Professor Muhammad Yunus on at the State Guest House Jamuna in Dhaka recently.

1 mins

Tapping US Energy Market Key to Easing Energy Supply Shortage: BIDA Chief

Executive Chairman of the Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun recently said Bangladesh would be able to overcome the energy supply shortage if it can properly tap the American market in addition to Gulf nations which will also help Bangladesh address the trade imbalance with the United States.

1 mins

Investment Unlikely To Come Unless Politics Get Normal

Investment with war-like preparation is essential for the exploration, development, and infrastructure streamlining of the primary energy resources of Bangladesh.

7 mins

GAS PRICE HIKE: WRONG MESSAGE AT THE RIGHT TIME

The recent decision to increase the gas prices for new industrial units by 33% has been greeted with concern, grumblings, and disappointment. Bangladesh Energy and Regulatory Commission has downplayed objections from businesses and consumer rights groups, saying the raise has been much lower than the 150% asked by the gas distribution companies. Here is what has happened.

2 mins

Tüm Hikayeleri Oku Energy & Power

Energy & Power Description:

Yayımcı: Energy-&-Power

Kategori: Business

Dil: English

Sıklık: 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