Energy Bangla

Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of the world, says Asian Development Bank (ADB). “Financial sector development can be the fourth pillar of the Bangladesh economy,” said ADB Country Director Manmohan Parkash in an interview with UNB noting that Bangladesh economy is largely driven... »

Infrastructure Development Company limited (IDCOL) and IDLC Finance Limited (IDLC) signed a MoU on May 22, 2019 to promote environment-friendly, energy-efficient projects to eligible borrowers of IDCOL and IDLC by offering low-cost, long-term financing. Debonair Synthetic Fiber Ltd. (DSFL), a concern of Debonair Group is expected to be the first company to get financing from the joint initiative. The proposed project will set up a waste recycling factory producing both... »

State Minister for Energy and Mineral Resources Nasrul Hamid on Monday said gas and power connections would not be given to the industrial unit unless those are established in planned industrial zones. “Not only economic zones, there’re industrial zones of BSCIC. No gas or power connection will be given to industries if those aren’t set up in planned zones,” he said. Nasrul was talking to reporters after holding a meeting... »

A launching ceremony of phase II of the Jibika project, a collaboration between BRAC and Chevron, was held on July 4, 2019 in Dhaka. Various Government of Bangladesh, BRAC, Chevron, IDEA and Village Development organization representatives were in attendance. Muhammed Ahsanul Jabbar, Additional Secretary, Energy and Mineral Resources Division, Ministry of Power, Energy & Mineral Resources, Government of the People’s Republic of Bangladesh attended as chief guest. Also present were... »

Bangladesh-India Friendship Power Company (Pvt.) Limited (BIFPCL) organized football tournament as part of its community development initiative in adjacent areas of the project site at Rampal, Bagerhat through community involvement. Habibun Nahar, Deputy Minister, Ministry of Environment, Forest and Climate Change, handed over the Champion’s Trophy to Ujalkur Union Football Club, the winning team of the Maitree Football Tournament on 22 June, 2019. Earlier, Talukder Abdul Khaleque, Mayor of Khulna... »

Power and Energy sector has got an allocation of TK 19 thousand and 100 core as subsidy and cash loan in the proposed budget of FY-2019-20. The power sector alone has got an allocation of TK 9,500 crore as cash loan while the energy sector has got an allocation of TK 9,600 crore as subsidy in the proposed budget. Finance minister AHM Mustafa Kamal on yesterday has placed the proposed... »

The finance minister has proposed to allocate Tk 28,051 crore for the power and energy sector in the new fiscal year, up by 5.84 per cent from Tk 26,502 crore in 2018-19. By next year, each upazila of the country will have 100 per cent access to electricity, AHM Mustafa Kamal said in his budget speech. To accelerate oil and gas exploration and extraction, new bidding rounds will commence after... »

Finance Minister AHM Mustafa Kamal today placed a Taka 5,23,190 crore national budget for FY20 in parliament to ‘make a big stride’ to materialize the Vision 2021 and implement the agenda for 2030. “We are committed to the nation to realize fully the Vision 2021 and implement the agenda for 2030 for building a happy and prosperous future for the nation, and thus materialize the Father of the Nation’s cherished... »

Bangladesh observes with deep concern the recent attacks on oil establishments in the gulf region. Bangladesh has observed with deep concern the secret drone attacks on the oil pumping stations in Saudi Arabian Eastern Province. Equally disconcerting is the news of attacks on the Saudi Arabian and Emirati oil tankers in the UAE territory. Bangladesh is of the view that such unprovoked acts will have an adverse impact on the... »

Energypac Power Venture Ltd. (EVPL), a subsidiary of Energypac, has signed a joint-venture agreement with EMA Power Investment Ltd. bringing in $16 million foreign direct investment (FDI) in the country’s booming power sector. The agreement, signed recently in the capital, will facilitate building and operating portfolio of several power projects and enhance the capacity of Energypac adding in further excellence in power plant engineering and construction in Bangladesh. UAE-based EMA... »