The overall cost for transmitting electricity from the Adani power plant in Godda, Jharkhand is set to increase further as two projects meant for that end are eyeing cost and time revisions.
The government yesterday increased the electricity price by 5 percent, the third such hike this year, at a time when fuel and energy prices are on the decline around the world.
"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"
Gain is for Gautam Adani and loss for Bangladesh: that is how the electricity purchase deal with the Indian business tycoon may turn out to be
At least $4.45 billion is needed in fuel costs to ensure adequate power supply from February to June, when demand is set to increase by more than 50 percent, the Bangladesh Power Development Board (PDB) estimates.
Bangladesh has sought a temporary discount from Adani Power on the price of coal that would fire the thermal power plant in Godda, Jharkhand in light of the escalating prices, said the Indian electricity producer.
Retailers are not following the fixed price of bottled liquified petroleum gas using the excuse of a supply crunch and a dated pricing method.
The government yesterday increased the electricity price once again by 5 percent at the retail level -- the second hike in 19 days as it steadily retracts subsidies from the power sector while piling the burden on common people already struggling with inflation.
Due to government interventions, the independent oversight of the Bangladesh Energy Regulatory Commission is being compromised, crippling its ability to ensure transparency in the sector, energy at a reasonable cost, and consumers’ interest protection.
The government yesterday raised the retail price of gas by 14.5 percent to 178.9 percent for industries, power plants and commercial establishments,
The government yesterday raised the electricity price for consumers, on average, by 5 percent, skirting around procedures of Bangladesh Energy Regulatory Commission (BERC).
Bangladesh wants deeper ties with India in energy and power sector to avoid future energy crisis, State Minister for Power, Energy, and Mineral Resources Nasrul Hamid said yesterday.
Bangladesh will start getting electricity from India’s Adani Godda Power Plant in March, said Nasrul Hamid, the state minister for power, energy and mineral resources.
Despite the government’s commitment in the national plan to increase production of renewable energy, an investment proposal to produce 1,000 megawatts of solar power is waiting for approval at a time when the country is facing persistent power-cuts.
Though the ruling Awami League said it will hold its 22nd national council in a simple manner, yesterday’s scenario at Suhrawardy Udyan hinted at a huge gathering.
The prices of electricity, gas and diesel are set to increase one by one as the government pulls back the subsidies in keeping with the austerity measures.
Power import from the controversial Adani Godda power plant has been delayed once again as the 1,600 megawatts thermal plant is yet to be complete.
Electricity and gas prices can now be adjusted without a public hearing after the cabinet yesterday amended a law, paving the way for introducing dynamic energy pricing in Bangladesh.
The decision to increase the wholesale price of electricity by 19.92 per cent to Tk 6.20 per unit has raised concerns among businesses who say consumers may soon have to bear the added burden.
Electricity price at the producers’ end was yesterday hiked by 19.92 percent, a development that is expected to fuel inflation as the distributors ultimately pass on the burden to end users.
Even though the state minister for power assured that the bulk power price hike would not have any implication on consumers right away, a distributor has already submitted a proposal to increase retail electricity price.
The acute gas crisis, which has been plaguing the industrial sector and households, is unlikely to see a drastic improvement anytime soon.
The Cabinet Committee on Economic Affairs yesterday granted Bangladesh Petroleum Corporation permission to import 54 lakh tonnes of oil next year in a bid to secure supply of the key commodity amid the Russian invasion of Ukraine and geopolitical tension.
Bangladesh could generate 6,500 megawatts of solar electricity in the next three years if the country invests $11 billion in solar instead of importing LNG from the spot market at the same cost, said global energy think-tank Ember.
People living in the capital’s Shyampur, Nandalalpur, Kajla or Matuail experienced load-shedding every alternate hour yesterday.
Three factors caused the national grid failure on October 4, found the probe body of Power Grid Company of Bangladesh.
Amid a deepening power crisis in the country, Bangladesh Energy Regulatory Commission may hike the bulk electricity price tomorrow.
Power outages during the three-day weekend were so frequent that they prompted the state minister for power to speak about the extent of the problem yesterday.
Experts blame poor electricity transmission equipment, the lack of a smart grid, and the ill-equipped National Load Dispatch Centre for Tuesday’s national grid failure that caused power blackouts in half the country.
The country yesterday suffered the worst power outage in eight years, which, according to officials, was triggered by a trip at a substation in Ghorashal.
The government’s assurance of relief from power cuts within September is likely to fall flat as people in the capital and elsewhere continue to suffer frequent loadshedding in sweltering heat.
Food delivery platform foodpanda Bangladesh has imposed a “platform fee” of Tk 3 since August, payable on every order by the customer.
The government yesterday slashed the import duty on rice and is also working to import about 12 lakh tonnes of food grain including rice as it looks to rein in the price of the staple amid a cost of living crisis.
The import demand for fuel remains high as ever despite the government initiatives to reduce consumption, raising questions about the logic behind the strict measures that only fuelled inflation.
There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.
A recommendation has been made to a parliamentary standing committee that a martial-law era provision be brought back for shielding Petrobangla officials from legal proceedings for “acting in good faith”.
The Bibiyana gas field is shouldering a major burden of gas supply even though there are 19 other gas-producing fields -- posing serious threat to Bangladesh’s energy security in the coming days.
The country has to regularly import diesel because of its inadequate oil refinery and storage facilities that have not been upgraded since 1968.
The government’s plan for one to two hours of daily power cuts is failing, especially in the north, and the signs are that the electricity crisis may worsen across the country in the coming days.
The government paid Tk 16,785 crore in capacity charges to power plants in the first nine months of the last fiscal year for 22,118MW daily power generation capacity.
Titas, the country’s largest gas distribution company, has snapped illegal gas lines stretching for 996.81 kilometres in the last two and a half years, which is equal to 7.5 percent of its legal lines, according to a report.
The government has assured people suffering from severe power cuts that the situation will improve after September when three new coal-based power plants start operation, but experts expressed doubts about it.
People have been enduring severe power cuts for the last few days as electricity production was hampered mainly due to a shortage of natural gas supply.
Bangladesh Energy Regulatory Commission in the verdict of a public hearing has ordered the Petrobangla to return Tk 12,227 crore taken from its security and development funds.
The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.
As a precautionary move, Bangladesh has started talks with the International Monetary Fund about taking a loan of $4-4.5 billion to shore up the precarious foreign currency reserves.
Although foreign assistance disbursement is increasing continuously, the country is still behind its target for this fiscal year.
The government has decided not to implement the second phase of the Matarbari coal-fired power plant, a cabinet member confirmed yesterday hours after Japan announced the cancellation of funding for the project.
Households with pre-paid meters will suffer most if the recommendation of the 43 percent hike in gas price is implemented -- a development that can slow down the installation of the meters.
Patuakhali’s Rangabali upazila, a coalition of 22 small islands in the Bay, did not have access to electricity just a year ago.
The Payra area in Patuakhali is going to be a major economic hub with a sea port, a special economic zone, an airport and the country’s biggest coal-fired power plant that will officially launch operation tomorrow.
The stack of complaints against mobile phone operators is increasing everyday but the authorities are having to keep those aside because of a case pending at High Court (HC).
Have you ever bought a national prize bond? If you have, then please match your bond numbers with the draw results again as you could be one of those lucky few who are yet to claim their prize despite winning the lottery.
The central playground of Dhaka University almost seemed like it accommodated the whole campus on that one field yesterday.
Amid soaring prices of daily essentials, the government has decided to deliver 61,000 tonnes of soybean oil, sugar, chickpea and lentil to five crore people through the Trading Corporation of Bangladesh.
The runaway fuel oil and gas price in the international markets has already hit Bangladesh’s foreign exchange reserves and intensified pressures on the exchange rate amid the escalation of imports at higher prices.
The government spent only about 0.5 percent of a Tk 1,500 crore stimulus package unveiled in 2020 for laid off workers of export-oriented apparel and leather factories.
Three government officials toured abroad this month using funds from a water development board project in Cox’s Bazar, although none of them was directly associated with the work.