Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmud has said that the budget has been designed to make the power sector capable of gradually moving away from dependence on subsidies. Speaking to journalists after visiting the National Load Dispatch Center (NLDC) of the Power Grid Company of Bangladesh (PGCB), the minister said that greater allocation has been made to the energy sector because of the need for primary fuel,... »
Finance Minister Amir Khosru Mahmud Chowdhury today said that the government is working to increase electricity generation capacity to 35,000 MW by 2030 and ensure energy security by intensifying oil and gas exploration activities. “To meet the growing demand for electricity and ensure quality supply, the government is working to increase electricity generation capacity to 35,000 MW by 2030 and expand transmission lines to 25,000 circuit kilometres,” he said. While... »
Finance Minister Amir Khosru Mahmud Chowdhury has proposed to allocate Tk 173.45 billion for the power and energy sectors in the upcoming 2026-27 fiscal year, The amount is Tk 3.93 billion higher than the allocation for the outgoing fiscal year. In his budget speech in parliament on Thursday, he said that the allocation is based on the importance of the power and energy sectors, which have been struggling heavily since... »
Finance Minister Amir Khosru Mahmud Chowdhury today unveiled a record Tk 9.38 lakh crore national budget for the FY27 outlining the BNP government’s comprehensive roadmap to shape a human economy. “The government is rolling out the budget aiming at restoring macroeconomic stability, accelerating investment and employments, expanding social protection and steering Bangladesh towards becoming a one-trillion-dollar economy by 2034,” said the minister. This was the maiden budget for the Finance... »
Electricity tariffs have not been increased for a total of 65 percent of consumers. Although the Bangladesh Energy Regulatory Commission (BERC) initially raised electricity prices for all consumer categories, the government later appealed the decision and secured an exemption from the increased tariffs for low-income consumers. This information was shared at a press briefing organized by the Ministry of Information on Saturday. Officials stated that even after the latest adjustment,... »
Amid rising inflation in consumer goods, electricity prices have been increased. The average electricity tariff has been raised by Tk 1.52 per unit. The average rate has been increased from Tk 9.11 per unit to Tk 10.63 per unit. The Bangladesh Energy Regulatory Commission (BERC) announced the new tariffs on Wednesday. The increased rates will take effect from June 1 of the current month. At the same time, the wholesale... »
Approval has been given to purchase three cargoes of Liquefied Natural Gas (LNG) from the spot market. The LNG is being procured through an international quotation collection process in accordance with Rule 105(3)(a) of the Public Procurement Rules 2025. The Cabinet Committee on Government Purchase approved the proposal on Thursday. The proposals approved include the purchase of the 20th LNG cargo for June 8–9, the 21st cargo for June 9–10,... »