Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  May 31, 2015
GCM Resources plc (LON:GCM), a resource exploration and development company, announces it has satarday entered in to a convertible loan agreement (the “Loan”) with Revenue Anchor Sdn Bhd (the Lender) a Malaysian-based investor. The Loan is a two year unsecured financing facility of £3 million with no interest payable. The Lender has the right to convert the outstanding balance of the Loan anytime at a subscription price of 11p per... »

Power Sector

Panel formed to offload shares of state power companies

share bazar A new panel was formed by the government to find ways to offload shares of state-owned power companies. Photo: Star Star Business Report The government thursday formed a four-member panel to find ways to offload the shares of state-owned power companies, to raise capital from the stockmarket. In addition to... »

Gas Sector

Contract prices raised for well drilling by Gazprom

bapex1-337x205 The government has increased contract prices for the drilling of four wells by Russian energy giant Gazprom under the Energy Division’s fast-track measures. The Cabinet Committee on Public Purchase monday gave its consent on an Energy Division proposal on increasing the price. The meeting was presided by Industries Minister Amir... »

Petroleum

Fuel price won’t be lowered anytime soon: Muhith

oilprice Finance Minister AMA Muhith on Wednesday said the government is not going to lower the fuel price anytime soon despite its fall in the international market. He said this while talking to reporters after a pre-budget discussion with the secretaries of different ministries. Muhith said the government is planning to... »

EB Reports

Bangladesh’s per capita income rises to $1,314

bay.1 The per capita income in Bangladesh has risen from $1,190 to $1,314, Bangladesh Bureau of Statistics (BBS) says. The figure emerged from an analysis of data pertaining to the first nine months (July-March) of the 2014-15 financial year. The data also revealed that the Bangladesh GDP grew at 6.51 percent... »

Green Pages

IDCOL’s acclaimed solar program facing obstacles

solar.jinaidha The state-owned Infrastructure Development Company Limited, or IDCOL’s countrywide solar home system (SHS), which obtained recognition as the world’s single largest renewable energy program for benefiting the highest number of people, is coming across obstacles in its expansion. “The SHS is experiencing impediments mainly from local influential quarters, who install... »

Coal Sector

Petrobangla to use CBM to explore gas

GasDepositDiagram The government is going to introduce a new technology styled “Coal Bed Methane” (CBM) to explore gas from coal mine. In this connection Mining Associates Private Ltd (MAPL), an Indian consultancy firm will tie up with Petrobangla, country’s state-owned oil and gas exploration company next month. ,”Initially we will use... »

Something to Say

This Innovation Will Help U.S. Companies Win The Oil Price War

Michael McDonald Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. A variety of different improvements in production are starting to show up at all levels across the industry from small firms... »

Environment

Fresh quake in Nepal, tremors felt in Bengal, Sikkim

earthquake Another earthquake was felt in Nepal on Saturday measuring 5.7 on the Richter scale. The tremors from the quake were felt across north Bengal and Sikkim this evening at 5.05 pm. The Indian Meterological Department in-charge in Sikkim, Gopinath Raha, said the tremor lasted for 10.5 seconds. The quake originated... »