How to wean Bangladesh off LNG addiction
Bangladesh can reduce its liquefied natural gas (LNG) imports by 21 percent and save $460 million a year by replacing ageing, inefficient industrial captive power generators with more efficient models and harnessing the waste heat produced by generators for other applications, says a study.
1d ago
Efficient generators at industries can slash LNG imports by 21pc: study
Analysing data from 73 gas-fired captive generators at 51 industries with a combined capacity of around 250 megawatts (MW), the IEEFA said the average efficiency of these generators is only 35.38 percent
1d ago
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
1w ago
Improving summer power supply: Govt pays half the subsidy power ministry needs
The Finance Division last week disbursed Tk 1,500 crore in subsidy against the power ministry’s demand for the immediate release of Tk 3,000 crore to boost electricity supply during the summer months.
2w ago
Bangladesh won’t benefit from global LNG oversupply
The global liquefied natural gas supply capacity will increase drastically in future and the prices will stay low, but Bangladesh is not likely to reap the benefit due to fiscal challenges, according to a global report.
2w ago
Rural areas bear the brunt of power outage
Hundreds of thousands of people in the rural areas have been subjected to hours of power outage despite record-setting generation of electricity over the last few days.
2w ago
Airlines against move to adjust jet fuel price under new BPC formula
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
3w ago
Heatwave: Power supply mostly stable
Power supply to households remains largely stable nationwide, as many energy-intensive sources such as mills, factories, offices, and shopping malls are yet to reopen following the Eid holidays.
3w ago
March 24, 2024
Window for easy loans narrowing
Bangladesh’s access to cheap loans is closing in with its rising per capita income, making foreign borrowing costlier.
March 19, 2024
LNG Processing: Capacity to outpace demand
Bangladesh will end up with surplus LNG regasification capacity by the end of this decade, said the UK-based BMI Research -- a development that will ultimately cost the exchequer in fees similar to capacity charges for power plants.
March 18, 2024
Only eight industries to get new gas lines
The government is likely to stop new gas connections to industries save for eight “economically vital” ones under a forthcoming regulation.
March 17, 2024
More power plants than needed
The government is continuing to ramp up the power generation capacity even though the electricity demand did not increase as per projection, putting an additional price burden on consumers, said energy experts.
March 14, 2024
Gas crisis till April at least
Gas scarcity is likely to continue till April despite the government’s repeated assurance of scaling up gas supply during Ramadan and the irrigation season as one of the two Floating Storage and Regasification Units (FSRU) will take longer to complete maintenance works.
March 11, 2024
Tender floated for offshore oil, gas exploration
Petrobangla yesterday floated the offshore bidding tender inviting international oil and gas companies (IOCs) to explore Bangladesh’s maritime area in the Bay of Bengal.
March 9, 2024
First city polls under new AL govt today
Mymensingh and Cumilla cities go to polls today to pick their mayors and councillors, just two months after the Awami League formed a new government.
March 4, 2024
Fuel oil price may decrease once automated pricing kicks in
The government is going to start implementing the newly-formulated mechanism for setting fuel prices in line with global market rates by the end of this month and officials of the energy and finance division believe prices may reduce after the first adjustment.
February 22, 2024
Load shedding may spike in summer
Power generation not growing in line with forecasted spike in demand, leaving people staring at frequent and extended power cuts.
February 20, 2024
Foreign Loan: Repayment crosses $4b for first time
Foreign loan repayment, which was hovering around $3 billion since fiscal 2012-13, crossed the $4 billion-mark for the first time last fiscal year on the back of high interest payments and short-term loans in the power and energy sector.
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