Energy Bangla

Energy electricity and environment news portal

Dhaka Saturday,  Aug 18, 2018

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Mitsubishi Corporation (“MC”), the Japanese trading giant, has agreed to acquire twenty five percent (25%) interest in Summit LNG Terminal Co (Pvt) Limited (“SLNG”) and to develop a Liquefied Natural Gas (LNG) receiving terminal that uses a Floating Storage and Regasification Unit (FSRU) in Bangladesh. With the acquisition, seventy five percent (75%) of SLNG will be held by Summit Corporation Limited (“Summit”) and remaining by MC. Under the project, SLNG... »
Bangladeshi businessman and Summit Group Chairman Muhammed Aziz Khan is among Singapore’s richest people. With $910 million net worth, Khan ranks 34th among 50 richest people in the city state, according to a 2018 list published by Forbes. Khan, 63, has interests in power, ports, fibre optics and real estate. A Singapore permanent resident, Khan is planning to list Summit Power International on the Singapore exchange. His daughter, Ayesha Aziz... »
Bangladesh entered a new era in the energy sector when it received its first consignment of liquefied natural gas (LNG) in the gridline on Sunday. Petrobangla chairman Abul Mansur Md Faizullah told that after missing several deadlines, the first consignment of LNG was finally shipped to the gridline on Sunday. “This, was, however done on a test basis. After we conduct some tests, commercial operations with shipped LNG will start,”... »
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said power trade through regional cooperation will contribute to the progress of the SAARC region. “SAARC framework agreement for energy cooperation (Electricity) has been signed, while BIMSTEC has been working to increase cooperation,” he said at a seminar on ‘Interaction between Bangladesh and Nepal in Power Sector” in Kathmandu. Bangladesh Embassy in Nepal organized the seminar in collaboration with... »
The success of the power sector is clouded by primary energy crisis. The government failed to generate power having adequate capacity as demand due to fuel crisis, resulted it unable to harvest the great success. “Without farther extraction of gas or coal, primary energy crisis will go on, but we are hopeful about the deep sea resources, we are trying to start work in offshore for searching primary energy. Power... »
The present government led by Prime Minister Sheikh Hasina gives a total of 2,25,722 electricity connection to rural establishments including households in 961 villages under ten upazilas of the district in last nine years, an official said today. General Manager (GM) at Palli Bidduth Samity (PBS) here Mojibur Rahman said Rural Electrification Board (REB) and PBS Netrakona installed 3,871 kilometers electric lines and four power sub-stations in 961 villages between... »
PowerAll but one furnace oil (HFO)-fired fast track private power plant projects, hurriedly undertaken on emergency basis last year to manage the crisis, failed to come into operation as per schedule. Of the 14 June, only one such fast-track IPP (independent power producer’s) project has been commissioned in the last month. The rest (13) projects could not be completed largely because of sponsors’ lacks in fund accumulation or for want... »
Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury told. The mega projects are Padma Multipurpose Bridge,... »
The government is planning to buy solar power generated at the rooftop solar panels of household and industry owners. To implement the idea, a consultant is already appointed by Powercell to determine how the solar power will be purchased by the government. The decision to buy solar power from industry and household owners got finalized in a meeting that held at the Bidyut Bhaban in the city on Thursday. According... »
Nuclear Power Corporation of India (NPCIL) signed contracts with Atomstroyexport, sister concern of Russia’s state corporation Rosatom on July 31 for design and supply of the main equipment for units 5 and 6 under phase 3 of Kudankulam Nuclear Power Plant, in the state of Tamil Nadu. “The project for construction of units 5 and 6 of Kudankulam NPP is passing to the practical implementation phase. Designing begins and development... »