• Thursday, December 25, 2014

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Electricity

Electricity Agreement within SAARC

High stake in a low-key area of economic cooperation

IF a stocktaking of the achievements of the South Asian Association for Regional Cooperation (SAARC) is done, it would be evident that while pleasantries have been exchanged between the South Asian leaders and noble pledges have been made by them, not much has followed in material terms. Conventions, Agreements, Declarations etc. have been signed; but tangible economic benefits directly attributable to SAARC initiatives are largely elusive. The SAARC Motor Vehicles Agreement and SAARC Regional Railways Agreement could have been...

Hamid seeks more Indian support in power sector

Hamid seeks more Indian support in power sector

President Abdul Hamid, now in New Delhi on a six-day visit to India, today sought more cooperation from the neighbouring country in the power sector to meet the growing electricity demand at home. The President sought the support when Indian External Affairs Minister Sushma Swaraj made a call on him at his place of...

India ready to sell 100MW electricity to Bangladesh: Modi

India ready to sell 100MW electricity to Bangladesh: Modi

Indian Prime Minister Narendra Modi today said New Delhi was ready to sell 100MW of electricity to Bangladesh. He made the remark while responding to a request from Tawfique-e-Elahi Chowdhury, an adviser to Prime minister Sheikh Hasina, and Tripura Chief Minister Manik Sarkar at the inaugural ceremony of the 750MW gas-driven Palatana power project...

Gas, power tariff to go up

Gas, power tariff to go up

Tariff of gas and electricity may go up in January 1 as retailers have applied to the energy regulator to adjust the prices to help them cut losses. The gas price will go up in all categories of consumers, Salim Mahmud, a member of Bangladesh Energy Regulatory Commission (BERC), told The Daily Star today. The...

Power restored to all parts of country: Minister

Power restored to all parts of country: Minister

Nasrul Hamid, state minister for power and energy, has said power was restored to all parts of the country but refused to give any specific detail of the glitch that plunged the entire nation into the blackout for 10 hours yesterday. “We don’t want to give any details right now. We have already formed...

Electricity supply to Bangabhaban, Gono Bhaban restored

Electricity supply to Bangabhaban, Gono Bhaban restored

Not only the common people of the country, but also the president and the prime minister were affected by today's massive power outage for several hours. Power supply was disrupted all over the country when the Bangladesh-India power interconnection line at Bheramara in Kushtia tripped. The interconnection line used for transmission of 450 Megawatt power,...

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...

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