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Dhaka Friday,  Mar 29, 2024

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Denmark today expressed interest to invest US$ 1.3 billion for producing offshore wind energy in Bangladesh as its Ambassador Winnie Estrup Petersen paid a courtesy call on Prime Minister Sheikh Hasina. “Denmark is keen to invest US$ 1.3 billion in Bangladesh for producing offshore wind energy,” Prime Minister’s Press Secretary Ihsanul Karim quoted the ambassador as telling the Bangladesh premier at the meeting in Prime Minister’s Office (PMO) here. After... »
Prime Minister Sheikh Hasina has instructed officials to take steps to power all irrigation pumps in the country with solar energy. In a meeting of the Executive Committee of the National Economic Council on Tuesday, Hasina asked Agriculture Minister Abdur Razzaque to take steps to construct solar panels at safe heights above vegetable and fisheries farms. The matter came up when the committee was discussing a proposed project on agricultural... »
Solar power could be a better alternative for the government to offer people a respite from skyrocketing energy prices due to the surging dollar, says Shafiqul Alam, an energy expert from the US-based Institute for Energy Economics and Financial Analysis (IEEFA). The government must focus on solar power in the upcoming budget as part of its cheap and sustainable energy plan, he said. Shafiqul shared his recommendations to overcome the... »
The wind power plant in Khurushkul of Cox’s Bazar is all set to add 30 megawatts of electricity to the national grid on a trial basis on Friday, prime minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury confirmed on Wednesday. Report TBS The energy adviser visited the privately-owned plant on the day and announced that it would roll into full capacity of 60 megawatts per second towards the end of the year. The... »
Wind and solar energy represented a record 12% of global electricity generation last year, up from 10% in 2021, a report on Wednesday found. The report by climate and energy independent think tank Ember said last year could have marked peak emissions from the power sector, which is the largest source of planet-warming carbon dioxide (CO2) worldwide. Ember studied power sector data from 78 countries in its annual global electricity... »
Wind and solar energy represented a record 12% of global electricity generation last year, up from 10% in 2021, a report on Wednesday found. The report by climate and energy independent think tank Ember said last year could have marked peak emissions from the power sector, which is the largest source of planet-warming carbon dioxide (CO2) worldwide. Ember studied power sector data from 78 countries in its annual global electricity... »
Bangladesh Bank (BB) today inked “Participation Agreements” with 32 commercial banks for Taka 5,000 crore Green Transformation Fund (GTF) with the aim of getting refinancing facility under this fund. The central bank has introduced the refinance fund for acceleration of green practice and sustainable growth in export oriented and manufacturing industries, said a press release. Sustainable Finance Department of Bangladesh Bank has organized the participation agreement signing ceremony at Jahangir... »
The government has chalked up a plan to raise solar power generating capacity to 2,000MW over the next year in a bid to boost use of renewable energy amid a power crisis. State Minister for Power, Energy and Mineral Resources Nasrul Hamid has told the electricity distribution companies to swiftly initiate pilot projects to put the plan into motion. “We must generate more power from the Sun,” he said. Bangladesh’s... »
Centre for Policy Dialogue (CPD) has underscored the need for prioritising renewable energy in Integrated Power and Energy Master Plan (IEPMP) to reduce carbon emissions. “In the IEPMP, the commitment of 40 percent of renewable energy has been shifted to 40 per cent of clean energy. This apparently seems ‘logical’. This, however, includes coal and other hydrocarbon based energy mix with advanced technologies as ‘clean’ which is not acceptable. It... »
Saudi Arabia’s ACWA Power has signed a non-binding Memorandum of Understanding (MoU) with state-owned Bangladesh Power Development Board (BPDB) to set up a 1000MW solar power plant in Bangladesh. Welcoming the initiative, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the investment and technology of the ACWA will help Bangladesh achieve its clean energy goal of 2041. He said Bangladesh has been supporting renewable energy in... »