Petrobangla
Curbing BERC’s authority sets us up for more trouble
The amendment to BERC Act alters its position as the sole authority for fixing energy prices.
Gas price hike spells trouble for industries
The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.
Curbing BERC’s authority sets us up for more trouble
The amendment to BERC Act alters its position as the sole authority for fixing energy prices.
State coffers robbed of Tk 4,697cr by Petrobangla, BPC
The government has been deprived of about Tk 4,697 crore for 19 counts of irregularities by Petrobangla and Bangladesh Petroleum Corporation, found an audit.
Only the guilty need indemnity laws
The national energy crisis is a direct result of the corruption and nepotism encouraged by the indemnity law.
Who will rein in Bangladesh Petroleum Corporation?
It must be made accountable for its irregularities
Indemnity recommended for Petrobangla officials from legal proceedings
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”.
Meant for gas exploration, TK 2000cr used for LNG import
Petrobangla used around Tk 2,000 crore from the Gas Development Fund, which was formed for gas exploration, to import liquefied natural gas. According to Bangladesh Energy Regulatory Commission, Petrobangla did not take necessary permission for this.
Petrobangla’s dangerous dependency on gas imports
Self-sufficiency can rid us of the threat of energy crises
Tk 2,000cr meant for gas exploration but Petrobangla spent on import
Petrobangla spent Tk 2,000 crore from the Gas Development Fund (GDF), meant for gas exploration, to import LNG without the permission of Bangladesh Energy Regulatory Commission.