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.
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.
With the weather getting warmer, power crisis is growing across the country and some rural areas have been experiencing prolonged loadshedding since last week.
The government built two compressor stations in 2016 to supply gas at adequate pressure to different districts, but the expensive machinery has been underutilised due to inadequate gas flow.
Bangladesh’s access to cheap loans is closing in with its rising per capita income, making foreign borrowing costlier.
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.
The government is likely to stop new gas connections to industries save for eight “economically vital” ones under a forthcoming regulation.
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.
In a fresh push, Bangladesh entered its renewable energy era in 2017 with the launch of a 3MW solar power plant in Jamalpur’s Sharishabari. Ever since, the country has added only 459MW of renewable energy to the national grid.
Despite amassing the required one percent voter signatures to contest the national polls as an independent candidate, around 36 percent of independents couldn’t even secure one percent vote in the January 7 election.
At least 15 percent of the country’s 71 independent power producers were sitting idle for 80 percent of the time last fiscal year, raising questions about their need.
Awami League bagged less votes in the January 7 national polls compared to the previous two general elections, according to Election Commission data.
The gas supply now is the lowest since April 2020, shows data from Petrobangla -- in a development that informs the acute crisis plaguing the industrial sector as well as households.
A total of 1,441 candidates out of 1,969 who contested the January 7 polls lost their security deposits for failing to secure the minimum required votes.
Even though the government has approved a guideline, experts point out concerns in carrying flammable items in such manner
Khadiza Begum, a resident of Mirpur’s Jheelpar slum, has been struggling to cope up with expenses amid persistent inflation.
AK Azad, an Awami League leader who ran as an independent, had to fight against all odds to win yesterday’s parliamentary polls from Faridpur-3.
US dollar crunch in 2023 hurt electricity sector as lower imports of LNG and coal caused lower power generation