Energy Bangla

The per capita income in Bangladesh has risen from $1,190 to $1,314, Bangladesh Bureau of Statistics (BBS) says. The figure emerged from an analysis of data pertaining to the first nine months (July-March) of the 2014-15 financial year. The data also revealed that the Bangladesh GDP grew at 6.51 percent in the current fiscal. Planning Minister AHM Mustafa Kamal placed a report at the National Economic Council (NEC) meeting presided... »

The government is likely to earmark an allocation, 5.5 per cent less than the amount provided for in the original budget for the current fiscal year, on account of subsidies in the next fiscal year (2015-16), reliable sources said. The lesser allocation, economists believe, is mainly due to the continuous decline in the prices of petroleum products in the international market. The finance division that prepares the national budget has... »

Russia and Argentina signed a Memorandum Understanding establishing a Framework for Cooperation between the countries in the field of construction of a nuclear power unit in Argentina. Russia’s latest VVER technology will be used in the unit with installed capacity of 1,200 MW. In presence of Russian President Vladimir Putin and Argentinean President Cristina Fernández de Kirchner, Head of ROSATOM, Russian State Nuclear Corporation, Sergey Kirienko and Argentinean Minister of... »

Indian West Bengal Chief Minister Mamata Banerjee has said realistic steps are being taken to resolve long-standing problem over exchange of enclaves between India and Bangladesh. She said this when Bangladesh Land Minister Shamsur Rahman Sharif called on her in Kolkata on April 13, said an official release here today. The issue of exchanging enclaves between the two countries got prominence during the hour-long meeting. Mamata Banerjee assured Bangladesh land... »

Prime Minister Sheikh Hasina today sought more Spanish investment in Bangladesh, particularly in infrastructure, power and energy, telecommunication, ICT and shipbuilding sectors, for mutual benefits of the two countries. The Prime Minister came up with the request when Spanish Ambassador to Bangladesh Luis Tejada Chacon paid a farewell call on her at her office this morning. After the meeting, PM’s Press Secretary AKM Shameem Chowdhuri briefed reporters. Sheikh Hasina expressed... »

An elderly man was killed in electrocution at a readymade garments factory at city’s Sagarika area on Thursday. The deceased was identified as Parimal Chandra Dey, 68, a sweeper at ‘Selim and Brothers’, hailed from city’s South Kattoli area. Parimal was electrocuted after he came in contact with live electricity while working at a factory at Sagarika area under city’s Pahartali thana around 12pm, said Nayek Jahangir Alam of Chittagong... »

A South Asian rights group saturday called upon Bangladesh government to halt Rampal power plant construction in the Sundarbans until cleared by environmentalists. Fearing adverse impact on the largest mangrove forest in the world, South Asians for Human Rights (SAHR), made the call today in a press conference at Dhaka. “We demand suspension to all construction work and other project activities until a comprehensive science based environmental impact assessment (EIA) is... »

The government would make an arrangement for providing 2.0 per cent of the country’s total gas and electricity to new industrial units through the Board of Investment (BoI) and it would come into effect from the next fiscal year, Finance Minister AMA Muhith said Wednesday. Besides, the government was working on empowerment of the local governments so that they could work more effectively and independently, Mr. Muhith said. The minister... »

Prime Minister Sheikh Hasina today reiterated her government’s commitment to reach electricity to every house saying seventy percent people now have excess to electricity and much time would not be needed to reach electricity to every house. She extended her sincere thanks to the officials and employees of the power and energy ministry for their tireless efforts for increased electricity generation and give the country relief from nagging power outage... »

The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2014, according to U.S. Energy Information Administration estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia’s... »