Energy Bangla

Considering beautification of the capital city, State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said overhead cables should be removed from electricity poles. “Hanging or overhead cables created barricade to supply uninterrupted electricity in the city,” he said this while addressing an inter-ministerial meeting “Removal of overhead risky hanging cable is almost must now and COAB and ISPA should make efforts to provide their services using city... »

The state-run power distribution companies have also placed their plea demanding retail tariff hike of power amid PDB’s indirect proposal of bulk tariff hike placed a few days earlier. Bangladesh Energy Regulatory Commission (BERC) has decided to hold public hearing sessions in response to the tariff hike proposals from the state-owned companies starting from 28th November, said a public notice issued by the BERC. According to the notice, a series... »

Bangladesh Power development Board (BPDB) has submitted a fresh proposal for bulk power price hike to the Energy Regulatory Commission (BERC) to offset its huge deficit that would stand at Tk 8,608 crore in the next fiscal year. “Yes, we submitted a proposal to the commission, however, we did not mention any amount or percentage there, we just presented our projected loss there mentioning the increased gas tariff issue,” BPDB... »

Saudi Arabian company ACWA Power has offered to build a gas-run plant capable of generating 3,600 megawatt electricity in Bangladesh which could potentially see the firm invest as much as $2.5 billion. The Riyadh-based firm signed a Memorandum of Understanding with Bangladesh Power Development Board for a feasibility study on the project. It will search for a possible location of the project under the MoU signed in Dhaka on Thursday.... »

The fast-track diesel-based power plantprojects, which were supposed to generate a total of 900 megawatt electricity, have remained idle for months causing an annual loss of Tk 918 crore to the government, said experts. The costly fossil fuel-based power plants were initially awarded contracts to generate electricity within six months to mitigate the impending power crisis, but now with LNG-based power plants in use, there is no necessity to take... »

  United Mymensingh Power Limited, one of the corporate directors of United Power Generation and Distribution Company, has cancelled its decision to sell two crore shares in UPGDCL to GEM Global Yield Fund after making a public disclosure over the share sales plan. UMPL and UPGDCL are two concerns of United Group. UPGDCL, a listed company, on August 6 disseminated a price sensitive information to the Dhaka Stock Exchange that... »

In a move to establish major energy infrastructure, including power generation projects in Bangladesh, Japan’s largest energy company JERA Co., Inc. (“JERA”), has acquired a 22% stake in Summit Power International Limited (“Summit”) for USD 330 million. Summit is the largest independent power producer (IPP) in fast growing Bangladesh. The investment has been finalized within only four months of signing the memorandum of understanding (MoU) between JERA and Summit in... »

A 1,320-megawatt (MW) coal-based Payra Thermal Power Plant set up on 12 acres of land in Kalapara upazila in Patua-khali is likely to start production from next December. If everything goes according to the plan, 660 MW of electricity from the power plant will be added to the national grid from December this year. Chinese and Bangladeshi workers are working round the clock to make the power plant fully operational... »

Dhaka Electricity Distribution Company (DPDC) on Wednesday signed an agreement with a consultant firm for a project for supplying uninterrupted electricity in the Dhaka city. The DPDC signed the deal with a consultant firm – Hifab Oy of Finland and Bangladesh Engineers and Consultants Bangladesh Limited (ECBL) Joint Venture Company at Mukti Hall, Bidyut Bhaban. Witnessing the signing ceremony as the chief guest, State Minister for Power Energy and Mineral... »

Business leaders-local entrepreneurs- want a very clear cut picture of power and energy situation in the country from the government as they are experiencing a 292 hours of loadshedding in a calendar year, although the government fails to sell 4000 MW of electricity in off- peak hours every day. “Government is saying that there is no loadshedding in the country but we are experiencing about a 292 hours’ loadshedding every... »