• Wednesday, October 01, 2014

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Electricity

Costly electricity weighs on budget

The power sector has achieved remarkable success in generation and supply, but the high production cost, a major concern, is piling pressure on the national budget, according to a government review report. The power sector will be part of a discussion today as the planning ministry presents the mid-term review of the Sixth Five-Year Plan (SFYP) designed for the country's economic development. “Much of the additional private electricity supply has come from rental plants that supply electricity to the national grid...

Banks await $20b opportunity to invest in power

Banks await $20b opportunity to invest in power

Bangladesh's power sector opened opportunities for private banks to lend between $10 billion and $20 billion by 2030, as the country struggles to narrow the gap between demand and supply of electricty. The government plans to produce 39,000 megawatts of electricity by 2030 against estimated demand of 34,000MW at the time to fulfil its ambitious plan of taking power to all by 2021. Plugging the energy gap will require $60 billion of additional investment up to 2030, Standard Chartered Bank said in an analysis. “The government will not be able to fund this solely, which lends significant room for private-sector involvement,” it said. Despite the government's substantial spending for the power and energy...

Editorial

Solar shows the way

WE are pleasantly surprised and heartened to learn that the annual growth rate of solar home systems in Bangladesh is higher than anywhere else in the world. It is little wonder that the World Bank has just extended additional funding to the tune of nearly US$80million to Infrastructure Development Company (Idcol) which is implementing the programme. The solar programme has generated 70,000 new jobs and 140megawatts of electricity in rural areas that fall outside the main electricity grid. Today,...

Hot summer brings power cuts again

Hot summer brings power cuts again

The country has been left bone dry and hungry for electricity to cool off due to an alarming drop in rainfall and a mild heat wave sweeping through several districts. The first month of Bangla new year Baishakh, beginning on April 14, ushered in no nor'westers or rainfall in Dhaka. The Met office sees...

More Indian power

More Indian power

India has assured of providing 100 more megawatts of electricity to Bangladesh from Tripura's Paltana power plant to meet the growing demand. At present the neighbour country supplies 500 MW of electricity to the national grid through the South-western region. Indian Prime Minister Manmohan Singh made the pledge to his Bangladesh counterpart Sheikh Hasina during...

15pc power tariff hike proposed

15pc power tariff hike proposed

Power Development Board (PDB) and West Zone Power Distribution Company (WZPDC) today proposed increasing electricity tariff by 15.50 percent and 8.59 percent respectively to help them cut growing losses. In reply, the technical committee of the Bangladesh Energy Regulatory Commission (Berc) said the regulator might consider increasing the retail tariff by 6.66 percent on...

RURAL ELECTRICITY SUPPLY

WB approves $600m loan for Bangladesh

WB approves $600m loan for Bangladesh

  The World Bank (WB) today approved US$ 600 million in concessional financing to improve the quality of electricity supply in the rural areas in the eastern part of Bangladesh. The Rural Electricity Transmission and Distribution Project financed by the WB aims to reduce system losses and enhance capacity in the electricity network in rural...

Tariff subsidy in Delhi and the domino effect

AS per a report published in The Daily Star on January 21, the state government of Maharashtra in India has decided to cut electricity tariffs by 15-20%. The decision was taken by the Congress Party-ruled Maharastra state government following the decision earlier made by the Aam Aadmi Party (AAP) led government in Delhi state. AAP, soon after taking oath at the end of last month, announced that the new government would implement its election pledges to subsidise power tariffs...

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