Energy Bangla

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... »

Prime Minister Sheikh Hasina today inaugurated four power plants that added 435.4 megawatts (MWs) of electricity to the country’s national grid. The premier also opened eight 33/11 KV GIS substations along with the power plants through a videoconferencing from her official Ganabhaban residence here this afternoon. Through the same function, Sheikh Hasina, also Minister of the Ministry of  Power, Energy and Mineral Resources, launched cent percent electrification in 10 upazilas of the... »

Japan’s JERA has agreed to acquire stakes in a power project in Bangladesh now under development by Reliance Power. Under the agreement, signed with the India’s Reliance Power, it will acquire 49 percent of the gas-fired thermal power generation project with combined capacity of 750MW, the company said in a statement on Tuesday. The gas-based combined cycle power project will be set up in Narayanganj’s Meghnaghat, 40km southeast of Dhaka.... »

After four years into the initial deal, Reliance Group of India on Sunday signed agreements to set up a 718 MW gas-based combined cycle power plant in Meghnaghat over the next three years. Reliance Bangladesh LNG and Power Limited, a special purpose vehicle (SPV) company of the Indian conglomerate, signed a total of four contracts with different entities of the government to implement the project. Under the agreements, the government... »