Energy Bangla

MANILA, PHILIPPINES – The Asian Development Bank (ADB) will fund state-of-the-art riverbank protection measures in Bangladesh to prevent land erosion, which is destroying livelihoods and costing the economy an estimated $250 million a year. An ADB multitranche loan financing facility of $255 million will help put in place riverbank protection structures and embankments along vulnerable portions of the Jamuna, Padma, and Ganges rivers—the country’s main waterways. Low-lying Bangladesh is one... »

At a grand ceremony held in Singapore on June 21st, Chevron Bangladesh received an Asia Responsible Entrepreneurship Award from Enterprise Asia for its exemplary corporate responsibility initiatives. The company’s External Affairs Director, Naser Ahmed, formally accepted the trophy at the event, where 23 other organizations were also honored. Chevron Bangladesh received the award for the social empowerment initiatives it undertakes that impact approximately 30,000 people residing near its facilities in... »

Foreign Minister AH Mahmood Ali today said the tour of his counterpart Sushma Swaraj yielded several crucial decisions for enhanced connectivity while Indian foreign office said choosing Dhaka for her maiden visit abroad was the outcome of a “conscious decision”. “This is the first overseas tour of the Indian external affairs minister after the new government in India took over . . . I think it is the manifestation of... »

DHAKA, May 20, 2014 (BSS) – The National Economic Council (NEC) today approved the Annual Development Programme (ADP) of Taka 86,000 crore for the financial year 2014-15 with the incorporation of the own financing projects of corporations and autonomous bodies of Taka 5,685 crore that has raised the total ADP size. The actual ADP size, however, stood at Taka 80,315 crore if the own financing of the corporations and autonomous... »

Nadampur High School in Nobiganj wore the same obscure look as any school in rural Bangladesh in 2005. Located in a poorly connected remote area of Habiganj district, the school had a high dropout rate and ignorable student performance at the secondary school certificate exam. The school with around 125 students was another example of the passion of villagers who felt the need for a school in their neighbourhood and... »

State minister for power and energy Nasrul Hamid on Wednesday requested Japan International Cooperation Agency (JICA) to design a master plan in six months for urbanisation in Moheshkhali Island to accommodate the future economic activities there in a meeting, said a power divisions officials. The government is expecting huge economic activities in Moheshkhali Island as it planned to set up imported coal-fired power plants with 9,000MW capacity and other related... »

Chevron Bangladesh kicked off its blood donation drives for 2014 on June 10th Donor Day. On Day 1, employees of the Bibiyana gas field donated 349 bags, followed by Dhaka office staff the next day, who collectively contributed 120 bags of blood. With 469 bags already collected, and drives scheduled later this month for employees from the Jalalabad and Moulavi Bazar gas plants and Muchai Compression Project, this year’s response... »

Asian Development Bank (ADB) President Takehiko Nakao had meetings with Prime Minister Sheikh Hasina and Finance Minister Abul Maal A. Muhith, and discussed the continuation of the four-decade partnership between Bangladesh and ADB. President Nakao praised Bangladesh for its strong economic growth in recent years, and achievements in poverty reduction and other areas of social development. He urged more efforts to boost infrastructure, skills, and the business climate as it... »

The Unnayan Onneshan (UO), an independent multidisciplinary think-tank, in its rapid assessment of the proposed national budget of the FY 2014-15 states that government’s fiscal measures may fall short to accelerate the economy to achieve the targeted growth of 7.3 percent in gross domestic product (GDP), an increase by 1.18 percentage points from the provision estimate of the current year. “The budget speech frustratingly hardly mentions, let alone investigates into... »

DHAKA, June 5, 2014: Proposing to allocate Tk 11540.40 crore for power, energy and mineral resources ministry, finance minister AMA Muhith told the House that electricity will reach every household within the next five years with the implementation of medium and long term plans. Of the Tk 11540.40 crore, the finance minister proposed to allocate Tk 9284.17 crore for power division and Tk 2256.23 crore for energy and mineral resources... »