Energy Bangla

Finance Minister AMA Muhith Tuesday spelled out the government’s inability to continue providing energy support at cheap rates for long as LNG (liquefied natural gas) is expected to arrive in the domestic market from April. “We shall not be able to continue supplying energy cheaply for a long period. The price of LNG in international market is several times higher compared to local gas price,” he said. Mr Muhith, however,... »

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has received the “Commitment to the Number of the Civil Merit Order”, the highest civil honor of the Kingdom of Spain. Spain’s ambassador to Bangladesh, Alvaro de Salas, on Saturday handed over the award to the state minister in the Spanish Embassy at Dhaka. A press release from the Ministry of Power, Energy and Mineral Resources (MPEMR) informed about it... »

Partex Group, one of the largest conglomerates in the country, inaugurated a cable manufacturing factory at Bandar in Narayanganj yesterday. With this new addition, Partex now has 70 factories. Commerce Minister Tofail Ahmed inaugurated the plant as chief guest, hailing the group’s continued efforts in setting up new factories. He said political stability helps develop a country and ongoing industrialisation was a manifestation of it. MA Hashem, founder and chairman... »

Infrastructure Development Company Limited (IDCOL), a government owned financial institute, has been awarded with the SAFA Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governance Disclosures-2016 under Public Sector Entities category. This award has been conferred on IDCOL on the basis of evaluation administered by SAFA’s Committee for Implementation in Transparency, Accountability and Governance. Mr. M Maftun Ahmed, Company Secretary, IDCOL and Mr. M Mizanur Rahman, Unit... »

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has suggested escalating the use of modern technologies with professionalism to build smart cities meeting the demand of power and water. He made the suggestion while presenting a keynote paper on “The Future of Cities: Power and Water” at the conclusion ceremony of World Future Energy Summit (WFES) at Abu Dhabi in the United Arab Emirates (UAE), according to a... »

The World Bank (WB) in a report today upgraded its forecast for the Bangladesh economy, attributing the progress to the supportive fiscal policy, stable political situation and effective development initiatives. The WB in its Global Economic Prospects, released in Washington, predicted that the GDP growth in 2018 would be 6.7 percent, higher from its earlier forecast of 6.4 percent for 2017. The WB’s Bangladesh’s growth forecast is the third highest... »

Nasrul Hamid, the state minister for Power, Energy and Mineral Resources has been awarded the “Visionary Leader of Change”. World HRD Congress, the awarding authority selected Nasrul Hamid for the award for organizing the youths of Bangladesh and contribute to enhancing their financial opportunities. The information was revealed in a statement issued by the ministry that published on Yesterday. The award will be handed over to the state minister at... »

A Technical monitoring Facility located in Monipuri Para, Dhaka, has been established by Infrastructure Development Company Limited (IDCOL) to further strengthen the quality assurance process of its different Renewable Energy initiatives. The facility is equipped to conduct essential performance tests of wide range of products which are used in different renewable energy initiatives such as solar panel, battery, loads, biogas and improved cook stoves, among others, in both field and... »

The world’s second largest oil exploration and marketing company, Total, has planned to come up in Bangladesh with a big investment particularly in LPG and LNG sectors. Philipe Sauquet, the executive vice president of Total, informed this in a meeting with Prime Minister Sheikh Hasina here today. PM’s press secretary Ihsanul Karim was present at that time. Philipe Sauquet held the meeting with the prime minister at Bilateral Meeting Room... »

Abul Maal Abdul MuhithFinance minister AMA Muhith on Tuesday sought more Saudi Arabian investments in infrastructure, power and other sectors in Bangladesh, saying the government is providing all sorts of supports to the investors. “Since 2015, there is an investment friendly environment in the country. Earlier, Foreign Direct Investment (FDI) was US$1.2 billion, but now it is $2.2 billion,” he told newsmen after a meeting with a Saudi Arabian business... »