Dhaka Saturday, Mar 23, 2019
Power Sector
Bangladesh has signed a memorandum of understanding with Nepal to increase cooperation in the power sector and speed up the process of importing hydro-electricity from Nepal. Apart from the import of hydro-electricity from Nepal through India, the MoU includes investments by Bangladesh in Nepal’s power sector. Nasrul Hamid, state minister for power, energy and mineral resources of Bangladesh, and Barsha Man Pun Ananta, Nepal’ minister for energy, water resources and... » 
Prime Minister Sheikh Hasina today inaugurated eight newly constructed power plants, reiterating her government’s target of illuminating every house of the country. “Our aim is to light up every house of the country … we’re working to achieve the goal,” she said while opening eight new power plants, having a total generation capacity of 1742 MW, by unveiling their plaques through a video conference from Ganabhaban here this afternoon. Sheikh... » 
The Asian Development Bank (ADB) and the Government of Bangladesh today signed agreements for $500 million in loans to develop a state-of-the-art 800-megawatt (MW) power plant in Khulna, along with associated connections to natural gas and power transmission facilities. Additional secretary (ADB Wing), of the Economic Relations Division (ERD) Muhammad Alkama Siddiqui and Manmohan Parkash, Country Director, ADB, signed the loan agreements on behalf of Bangladesh and ADB, respectively, at... » 
Power generation from the Barapukuria Coal-fired Thermal Power Plant of Dinajpur has completely stopped on yesterday for an indefinite period. Prior to the shutdown, the power plant was operating on stock coal-supply which came to an end unexpectedly on Sunday which forced the last unit of the plant to stop its operation. The shut down will chop down the country’s power generation by around 450 MW. Sources from the Power... » 
The Barapukuria thermal power plant is facing an acute shortage of coal—which could lead to eventual shutdown of the plant in Dinajpur. Of the total three, only one unit is presently producing electricity, one has been shut down for an overhaul, and the other remains out of operation due to lack of coal. The power plant requires around 4,000 metric tons of coal daily, to be supplied by the Barapukuria... » 
General Electric reported a drop in second-quarter earnings Friday amid continued headwinds in its power generation division, sending shares sharply lower. The slumping US industrial giant said profits fell to $615 million, down 29.7 percent from the year-ago levels. Revenues rose 3.5 percent to $30.1 billion. GE’s valuation has plummeted over the last two years due to weak market conditions in two of its largest divisions, power, and oil and... » 
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today asked all concerned to supply hassle free electricity at consumers level. “Be more cautious about harassment-free electricity supply to the customers,” he said told a two-day General Managers’ conference of Bangladesh Rural Electrification Board (BREB) as the chief guest in the city. The state minister said customers’ satisfaction is the main goal of the government. “Customers can not be... » 
Summit, Bangladesh’s largest independent power producer (IPP), has begun power generation at another 149 MW HFO-fueled power plant, Summit Gazipur I Power Limited (also known as Ace Alliance Power Limited) in Kodda on schedule, as assigned by Bangladesh Power Development Board (BPDB) and Power Division of Ministry of Power, Energy and Mineral Resources. With addition of this new power plant, the total generation capacity of Summit now stands at 1,941... » 
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... »