Energy Bangla

Infrastructure Development Company Limited (IDCOL), a Non-bank Financial Institution owned by the Government of Bangladesh, has declared dividends of Tk 70 Crore from the profit made in FY 2018. Out of that Tk 20 crore has been paid to the Government as cash dividend while Tk 50 crore would be used for increasing the company’s paid up capital to Tk 650 crore by issuance of bonus shares. Mr. Monowar Ahmed,... »

The World Bank (WB) has approved $185 million to add up to 310 Megawatt (MW) in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The support for the Scaling-up Renewable Energy Project will increase installed capacity of renewables through piloting and expanding investments in key market segments. It will build the first 50 MW phase of a... »

UNB: Having failed to get necessary cooperation from government departments in using the rooftops of their buildings, Dhaka Power Distribution Company Ltd (DPDC) is now moving to Dhaka University buildings to implement a solar power project on their rooftops. According to official sources, the Dhaka University authorities have agreed to provide the rooftops of its 72 structures, including different residential halls, administrative and academic buildings and housing complexes for the... »

The Power Division is now waiting for a positive note from the Asian Development Bank (ADB) about its financing to implement a 50MW floating solar project in the Kaptai Lake, official sources said. “We’ve heard the executive board of the donor agency (ADB) has approved a financing proposal in this regard. But, the government will move for feasibility study of the project once it receives the official letter from the... »

A solar power plant having a power generation capacity of 28 MW has recently started its operation in Teknaf of Cox’s Bazar. Accounting this, the power generation capacity from renewable energy sources exceeds five percent of the country’s total demand. Technaf Solartech Energy Ltd (TSEL) has installed this power plant in Teknaf utilizing a total of 116 acres of land. Currently, the power plant is feeding 20MW to the national... »

A global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises – announced their first Bangladesh investment from the IIX Growth Fund, into off-grid solar energy firm SOLshare. IIX brought together a consortium of investors including Silicon Valley-based innogy New Ventures LLC (the venture capital investment arm of the German utility firm innogy SE), and Portuguese utility firm EDP, to close a US$1.66... »

Prime Minister’s Energy Adviser Dr Tawfiq-e-Elahi Chowdhury has said the government has initiated a move to import solar power from India taking the advantage of time zoning, reports UNB. “Some areas in India have the advantage of solar power generation with their different time zoning with which Bangladesh local timing has a big difference,” he said while moderating a seminar on “New Technologies: Innovations in Power and Energy” at the... »

Australian Prime Minister Malcolm Turnbull says his government has abandoned plans to set an emissions reduction target in legislation. Mr Turnbull’s U-turn alters a key plank of his signature energy policy, and follows a revolt by conservative MPs within his government. It comes amid media reports that Mr Turnbull could face a leadership challenge if the issue is not resolved. Mr Turnbull said the climate policy was not supported by... »

The government has prepared Wind Modeling by conducting wind research in different beach and river areas of the country aimed at attracting more investment in the power sector. The power division organised a workshop on Wind Resource Mapping at Bidyut Bhaban with power division secretary Dr Ahmed Kaikaus in the chair. Prime Minister’s Power, Energy and Mineral Resources Advisor Dr Towfiq-E-Elahi Chowdhury, Bir Bikram delivered his speech as the chief... »

The 2ndCEO Roundtable, organised by Infrastructure Development Company Limited (IDCOL) at its Head Office on Wednesday, showcased the technology interventions related to energy efficiency measures in the RMG and Textile sectorof Bangladesh. Top executives of the major textile and RMG companies were present in the Roundtable. The Roundtable has providedthe participants with greater insights on emerging energy efficient measures implemented in Bangladesh as well as those considered as global best... »