Energy Bangla

Discrete Automation and Motion division of ABB Bangladesh Limited successfully organized a Product Launching event for new ranges of Variable Frequency Drive on 02 June 2016 in Dhaka, Bangladesh. The event was attended by over 150 customers coming from various industrial sectors which included Textile, Pulp & Paper, Water & Wastewater, Food & Beverage, Chemical and Cement. The interactive session highlighted on show casing the features and benefits of the... »

Chevron Bangladesh marked World Environment Day by kicking off its 2016 tree plantation drive at Rajuk Gulshan Central Park at a simple ceremony earlier today (Monday). Chevron Bangladesh President, Kevin Lyon, inaugurated theproceedings at an event that was also attended by selected senior management and staff from its Dhaka headquarters. The event was led from the front by the Bangladesh chapter of Chevron’s XYZ group – an employee network to... »

Loadshed free Ramadan may remain illusive as the government itself finds was not confident to ensure uninterrupted supply of electricity in next the one month. ‘We are not hundred per cent sure about ensuring uninterrupted power supply during Ramadan due to some deficiencies in power generation, transmission and distribution,’ state minister for power, energy and mineral resources Nasrul Hamid said on Monday. ‘It would take two to three years more... »

Size is not an issue but Bangladesh’s government has to toil hard to implement its planned Tk 3.41 trillion budget, economists say. The huge allocations proposed for education and health are commendable, they add, but the plans seem blurry in power and manpower. Finance Minister AMA Muhith presented his mega plans for the 2016-17 fiscal in Parliament on Thursday. It relies heavily on VAT for funding large expenditures and raising... »

The government today set the target of GDP growth rate to be 7.2 percent as Finance Minister AMA Muhith placed the proposed budget for the 2016-2017 fiscal. “Taking all (indicators) into consideration, we have set GDP target at 7.2 percent for the next fiscal year,” he said as he placed the proposed budget for 2016-2017 in Jatiya Sangsad. Muhith said a number of private sector investment indicators posted positive changes... »

According to the proposed budget, the government is likely to reduce the duty on bottled Liquefied Natural Gas (LPG) to encourage its domestic use. To encourage the usage of renewable energy, the duty on solar system is also to be declined. On the other hand, coal price of Barapukuria is about to be increased. Finance Minister AMA Muhith proposed a budget with an allocation of Tk 150.35 billion for the country’s power and energy... »

Finance Minister Abul Maal Abdul Muhith presented the budget on Thursday afternoon – the third one from the incumbent government. The new budget is equivalent to 17.37 percent of Bangladesh’s GDP, which is Tk 19.61 trillion. The current FY budget represented 17.2 percent of the GDP. In the new budget, Tk 1.17 trillion has been earmarked for development expenditure, including Tk 1.11 trillion for the Annual Development Programme (ADP). Non-development... »

The government has allocated Tk 15,036 crore in the proposed budget in fiscal year 2016-17 for the development of power and energy sector. Finance Minister AMA Muhith made the proposal while placing the budget for the next financial year before the parliament on Thursday . AMA Muhith said “We have targeted to raise electricity generation by additional 16,086 MW by 2021. To achieve this target, installation of 29 power plants... »

The Parliament Secretariat Commission today approved an estimated budget of Taka 295.26 crore for the Jatiya Sangsad (JS) for the fiscal year 2016-2017. The approval came at the 27th meeting of the commission held at Jatiya Sangsad Bhaban this afternoon with Deputy Speaker Md Fazley Rabbi Mian in the chair. Member of the commission Prime Minister and Leader of the House Sheikh Hasina attended the meeting. The commission endorsed an... »

The government is likely to allocate around Taka 15,000 crore for the power and the energy sectors to implement as many as 88 projects in the next Fiscal Year (FY) beginning on July 1 this year. “We have placed a proposal for Taka 14,951.09 crore before the national budget for 2016-2017 to implement various projects in the power and the energy sectors,” a senior official of the ministry of Power,... »