Energy Bangla

Energy electricity and environment news portal

Dhaka Friday,  Apr 27, 2018

Power Sector

The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $60 million to install a 220 MW combined cycle power plant in the country’s largest island-district Bhola. According to the AIIB officials, the Chinese (Beijing) based Infrastructure Investment Bank has approved the loan in last week. The total project cost is $271 million. Islamic Development Bank and local Infrastructure Development Company Limited will be financing rest of the project... »
Electricity producer Summit Power International plans to list on the Singapore Stock Exchange (SGX) by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to invest in assets across Asia. Bangladesh’s economic growth soared by 7.28 percent in the financial year that ended in June 2017 and its population is expected to climb to over 185 million people... »
The Damodar Valley Corporation (DVC) on Wednesday said it has won a short term and a long term bid for selling of 300 megawatt (MW) power to Bangladesh. The public sector undertaking said that the contract was through its power trader NTPC Vidyut Vyapar Nigam Ltd (NVVNL) and it was the first time that it won an international tender for cross-border supply of electricity. The short term supply will commence... »
SILIGURI: Indian land between Bangladesh and Nepal is going to be the conduit for the two friendly international neighbors to have large scale hydropower trade in between. Bangladesh will have hydropower plants installed in Nepal and import the output through Indian land soon. “Interest of Bangladesh to invest in harnessing untapped hydro potential of Nepal is going to put both the countries into a win win situation. India is playing... »
State-run Power Development Board has received bids from four Indian companies to import 300 megawatts power for 15 years. ‘We have opened the financial proposals submitted by four Indian companies for short-term and long-term power imports from India,’ the power board chairman, Khaled Mahmud, told New Age on Wednesday. On February 11, the PDB opened the bids participated by the four companies both for short-term and long-term power supply. According... »
State Minister for Power, Energy and Mineral Resources Nasrul Hamid speaks at an energy saving campaign programme at CIRDAP auditorium in the capital on Sunday. Experts at an energy saving campaign on Sunday said that around 1225MW of electricity in industrial sector can be saved through change over of technology as well as behavioural pattern of consumers. According to them, around 35 percent of off-peak consumption can be conserved through... »
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said some 45 power plants having 13,813 MW generation capacity have been under construction. “The under construction power plants would enter into operations in phases from 2018 to 2024,” he said this, while replying to a starred question from AFM Bahauddin (Nasim) in the Jatiya Sangsad. Nasrul informed the House that the present government during its tenure has launched... »
The state-run Bangladesh Power Development Board has left around Tk 7,734 crore idle in different short-term deposit accounts although the loss-ridden utility needs up to Tk 1,500 crore for balancing its three-month operational capital. The entire money has been deposited under 14 heads as short-term deposits offering the power board merely 2.50 to 3 per cent interests when a long-term deposit could have earned more than double the rate, according... »
In the coming five years, Bangladesh is expecting about USD 15 billion investment in its power sector, which is nearly two times of the investment in the power sector of the past decade. Most of the investment will come from abroad and will be utilised to build power stations, sub-stations and transmission lines. According to the sources in the power division, the foreign investment in the sector has almost been... »
Summit’s deal of syndicated loans worth USD 79.67 million for Summit Barisal Power and Summit Narayanganj Power for 12 years and 10.5 years was awarded the Best Bangladesh Deal by FinanceAsia Achievement Awards 2017 on 31st January 2018 in Hong Kong. FinanceAsia is a monthly publication of Haymarket Financial Media based in UK that covers investment banking, capital markets and strategic corporate finance in Asia Pacific.