Energy Bangla

  State Minister for Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid on Friday said the country’s power sector professionals should be prepared to overcome the challenges towards supplying uninterrupted power at affordable price. “The workforce related to the power sector should be trained well to make the country’s power generation and distribution system more efficient and cost effective,” he said. The State Minister was addressing a seminar to observe... »

The National Energy Security Day will be observed today commemorating the historic decision taken by Father of the Nation Bangabandhu Sheikh Mujibur Rahman on August 9 in 1975. After independence, Bangabandhu had undertaken various initiatives to develop the country’s energy sector and bought five gas fields from the then British Oil company ‘Shell Oil’ for the state at a nominal price. The government has been observing the day since 2010.... »

Gas stations across the country will remain open for 24 hours for 10 days to facilitate people’s homebound journey to celebrate the Eid-ul-Azha, which may fall on Aug 12. “The movement of heavy vehicles will remain suspended for three days before and after the Eid. But vehicles carrying perishable goods, garments and medicines will operate as usual,” said Road Transport and Bridges Minister Obaidul Quader at a news briefing on... »

Prime Minister Sheikh Hasina yesterday said those who are criticising the gas price hike have failed to understand the reality and didn’t see the development works carried out by the government. Hasina said the import cost of each cubic feet of LNG was Tk 61.12, but it was being sold at Tk 9.80 by providing a sizeable subsidy of Tk 51.80. “We need to provide a subsidy of Tk 19,310... »

Following the HC order the government decision of hiking the gas price will remain effective, writ petitioner Advocate Eunus Ali Akond told The Daily Star. He said the HC bench of Justice Moyeenul Islam Chowdhury and Justice Md Ashraful Kamal rejected the petition considering that it was not placed before the court properly. The bench passed the order after Deputy Attorney General Ekramul Huq Tutul told the court that there... »

Apparel makers such as Dhaka-based Ananta Group are powering Bangladesh’s economic expansion, the fastest in Asia, but a record high gas price spike threatens to derail the industry’s growth, according to Nikkei Asian Review. In an attempt to cut losses from imported liquefied natural gas, the government raised gas prices by almost one-third on average, effective July 1, the start of the 2020 financial year. The country subsidizes gas and... »

The government has set up an expert panel to consider allowing private firms to sell subsidised cooking gas — a long-standing demand for companies like Reliance IndustriesNSE 1.26 % because state firms dominate the market by luring customers with a lot of subsidies. Reliance Industries, which runs the world’s biggest refinery at Jamnagar, is a big producer of LPG and has been lobbying the government for years to permit private... »

The average gas price has been raised by 32.8 percent for the retail consumers in the country with effect from Monday (July 1). Chairman of the Bangladesh Energy Regulatory Commission (BERC) Monwar Islam announced the decision of the commission at its office on Sunday. As per the new price hike, the household consumers having single burner will have to pay Tk 925 a month instead of the existing Tk 750... »

State Minister for Power and Energy Nasrul Hamid has said the government would require an additional Tk14,000 crore subsidy for Liquefied Natural Gas (LNG) imports if the gas price was not hiked again. “The government has already spent Tk14,000 crore for LNG imports, and another Tk14,000 crore will be required. If we cannot adjust the gas price now, the amount of subsidy will rise further,” said Nasrul at a press... »

To achieve Sustainable Development Goals (SDG) by 2030 and “Vision 2041” set by the Honorable Prime Minister of the People’s Republic of Bangladesh Sheikh Hasina – Summit Corporation and JERA Asia signed a Memorandum of Understanding (MOU) at New Otani Hotel in Tokyo, Japan during the Honorable Prime Minister’s state visit to Japan. Under this MOU, Summit and JERA Asia will initiate a large energy infrastructure project that would include,... »