Energy Bangla

Energy electricity and environment news portal

Dhaka Tuesday,  Jul 17, 2018

Power Sector

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.
There is no electricity in more than 20 thousand primary schools in the country which is hindering the process of installing multimedia classrooms in these schools. Director General (DG) of the Directorate of Primary Education Abu Hena Mostafa Kamal has recently sent a letter to the chairman of the Bangladesh Rural Electrification Board (BREB or REB) asking for initiating electrical connections to a number of 20,095 primary schools of the... »
Summit has appointed Md Reaz Uddin as the CEO of Summit Meghnaghat II Power Co Ltd, which is expected to be one of the largest combined cycle power plants in Bangladesh. In addition he continuous to be the COO and Director of Summit Meghnaghat Power Co Ltd and Summit Bibiyana II Power Co Ltd. With installed capacity of 590 MW, the Summit Meghnaghat II is expected to begin commercial operation... »
A few corrupt officials of Dhaka Power Distribution Company’s (DPDC) Banasree branch are found to be involved in tempering the data of the prepaid customers. The corrupt officials have tempered the usage data of hundreds of their customers and embezzled money by doing this. Sub-assistant engineer Md. Sohel Rana and lineman Mir Kamal Hossain of DPDC’s Banasree branch are found to be guilty in the primary inspection for the meter... »
Bangladesh has begun the construction of one of its largest power plants in the coastal district of Cox’s Bazar. Prime Minister Sheikh Hasina inaugurated the work on Sunday via video-conferencing from her official residence in Dhaka. The Japan International Cooperation Agency, or JICA, is financing the project to construct the 1,200MW coal-fired plant at the island Upazila of Moheshkhali’s Matarbari. The estimated cost of building the plant on 1,414 acres... »
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said the government has been working relentlessly to bring all citizens under 100 percent electricity coverage by this year. “We will supply electricity to off grid areas through solar power so that all people would get power by this year,” he told this, while replying to a supplementary question from treasury bench member Feroza Begum Chinu in the Jatiya... »
About 87 percent people are satisfied with the current power supply situation of the country and 11 percent of them even said that, they’re ‘very satisfied’ while rest of the people which is 13 percent are not satisfied at all. The information was revealed by a survey conducted by the Bangladesh Bureau of Statistics (BBS). Bangladesh Energy and Power Research Council (EPRC) has cooperated with the survey. The BBS survey... »