Energy Bangla

Energy electricity and environment news portal

Dhaka Monday,  Dec 17, 2018

Power Sector

General Electric has snapped up two major deals in Bangladesh—one with Summit Corporation and the other with the Power Development Board—bringing some good news to the troubled American industrial giant. BPDB has signed a deal with GE to build a 3,600MW LNG-based power plant on the southeastern island of Moheshkhali in Cox’s Bazar. The Switzerland unit of GE will own 30 percent of a joint venture for the power project,... »
Summit Corporation Limited (“Summit”), the largest independent power producer in Bangladesh, today announced that Summit, GE (General Electric Company) and Mitsubishi Corporation would be investing approximately US$3 Billion. This is in continuation with an earlier MoU – signed for a joint venture with Mitsubishi Corporation (on 13th March 2018 in Singapore) in gracious presence of the Honorable Prime Minister of Bangladesh Sheikh Hasina. GE will be investing in equity and... »
Power generation crossed a milestone of 11,000 megawatts for the first time in Bangladesh. The Power Development Board or PDB said Bangladesh generated 11,059MW of electricity around 9pm on Satarday. “Power generation has been increasing for the last few days,” said PDB spokesman Md Saiful Islam. The demand for power generation was also 11,000 MW at that point in time. “This could be load shedding, or technical glitch that caused... »
The Executive Committee of the National Economic Council (ECNEC) today approved the construction of 132/33/11 KV underground grid sub-station in city’s Gulshan area involving Taka 950.97 crore in a bid to ensure reliable power supply in the capital. The approval was given at the new fiscal year’s first ECNEC meeting held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area with ECNEC Chairperson and Prime Minister Sheikh Hasina... »
The Asian Development Bank or ADB has approved a $500 million credit for Bangladesh to develop an 800 megawatt power plant in Khulna along with associated connections to natural gas and power transmission facilities. In the face of rising demand for energy in the growing economy, the Rupsha power plant will be the “first of its kind in Bangladesh”, ADB Energy Specialist Aziz Yusupov said, according to a statement from... »
A substation of Dhaka Power Distribution Company or DPDC in Dhaka’s Paribagh has caught fire. Shahbagh Police Station OC Abul Hasan said an explosion of a transformer triggered the fire around 8:45pm on Wednesday. Several units of firefighters brought the fire under control after more than an hour’s efforts. No casualties were reported, New Market Police Station OC Atiqur Rahman said. TV footages showed smoke bellowing from huge flames at... »
The government on Tuesday approved installation of a high-voltage back-to-back sub-station at Cumilla for importing 500MW power from India’s Tripura. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the National Economic Council (Ecnec) approved a total of 13 new projects at an estimated cost of Tk 95.18 billion at its meeting in the city. After the meeting, Planning Minister AHM Mustafa Kamal told reporters that the... »
Power generation reached 10 thousand 825 megawatts. Bangladesh has yet again generated record power in a day. Power Development Board (PDB) spokesman Saiful Hasan Chowdhury said the power plants fed the national grid 10,825 MW at evening on Sunday. Bangladesh’s capability to generate power has increased threefold to 15,000 MW in the eight years of the Awami League’s two consecutive terms. Power generation has also nearly doubled. On Sep 19,... »
The High Court has issued a rule asking why it should not declare the recent decisions to raise the price of wholesale and retail electricity to be illegal. Justice Moinul Islam Chowdhury and Justice Md Ashraful Kamal made the rule after an initial hearing of a petition from the Consumer Association of Bangladesh on Sunday. The petition was filed on behalf of the pro-consumer group by CAB convener and architect... »
Both Summit Corporation Limited (SCL) – the holding company of all power concerns of Summit Group and Summit Power Limited (SPL) – the publicly listed power generation company, have received long term AAA (pronounced as triple A) and short term ‘ST-1’ credit rating by Credit Rating Information & Services Limited (CRISL). CRISL stated that the long term AAA credit rating of SCL and SPL indicates the highest safety and have... »