Energy Bangla

Energy electricity and environment news portal

Dhaka Thursday,  Oct 18, 2018

Power Sector

Summit Group has revealed plans to raise $1 billion from the country’s stock market to implement more power plant projects in the coming days. “Our next step is to collect $1 billion from the local stock market as equity for future green field power plant projects,” Ayesha Aziz Khan, finance director of the Summit Group, said Thursday while briefing reporters about the state of implementation of the two large base... »
Bangladesh is set to sign five MoUs worth about US$15 billion with Indian private sector for the import of electricity, fuel and installation of four coal-fired power projects in Bangladesh. It is also set to sign a MoU (Memorandum of Understanding) with GAIL India to establish the proposed strategic gas grid connectivity between India and Bangladesh, to support the energy-starved country, according to the Power, Energy and Mineral Resources Ministry.... »
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 an assessment, the committee will indentify an effective way to find alternative sources for those companies of financing through bond... »

Financing Public Sector Power Projects

Govt eyes $1b fund from stock market

The government is planning to mobilize $1 billion from the capital market to finance a series of public-sector power projects as part of its efforts to generate additional 20,000MW of electricity by the year 2030. The Power Division will sit in a meeting today with State Minister for Power and Energy Md Nasrul Hamid in the chair to chalk out plans in this regard. “We will arrange a brainstorming session... »

Proposals on the Table ahead of Modi Visit

Two Indian cos seek to invest in power sector

Two proposals from Indian entrepreneurs to invest in the power and energy sector of Bangladesh are being tabled ahead of India Prime Minister Narendra Modi’s maiden visit to Bangladesh next month, reports UNB. According to officials at the Power and Energy Ministry, they are now looking into the two proposals from the Indian private sector. One is from the Reliance Group, India’s largest conglomerate, seeking to invest $3 billion in... »
Infrastructure Development Company Limited (IDCOL) signed a Financing Agreement with Baraka Renewable Energy Ltd. (BREL) for a 168 kWp solar mini-grid to be located at Nooner Tek Island in Sonargaon of Narayanganj district. Total cost of the project is BDT 7.14 crore of which IDCOL will provide 30% as soft loan and 50% as grant. IDCOL has received fund for financing such projects from the World Bank, DFID, JICA, KfW,... »
Power Development Board has sought Tk 7,500 crore as subsidy from the Finance Ministry for the next fiscal year (2015-16) to run its power projects in a proper manner, according to officials at the Power Division. Bangladesh Petroleum Corporation (BPC) has also sought a Tk 800 crore subsidy, although it made a Tk 2000 crore profit in the current fiscal year (2014-15), as fuel price has marked a drastic fall... »
Bangladesh is likely to increase the power import to about 1,100 MW from Indian grid by 2017, power division secretary Monwar Islam told reporters on Thursday. He, accompanied by Indian power secretary PK Sinha, came up with the forecast after the 9th meeting of the joint-steering committee for power sector. Monwar said that it was a review meeting to evaluate the progress of the ongoing projects which includes the 1,320... »
Rural Electrification Board (REB) Chairman Brigadier General Moin Uddin on Saturday directed his officials to provide power connections to all pending domestic consumers without hassle by June. “Accelerate your activities so that the consumers seeking power connections get their demand met,” the REB boss asked the Deputy General Managers of 72 REB Samities who attended a conference held at the REB office in Dhaka. Pointing out to a huge amount... »
The government has undertaken a number of projects to generate 16,000 megawatt (MW) electricity by 2016. “The Awami League-led government has achieved successes in the power sector during the past six years and power generation capacity reached to 11,265MW from 3,268MW in 2009,” an official of power, energy and mineral resources ministry told today. He said around 71 per cent of the population having access to electricity, adding, “The government... »