Power & Energy

Energy Pack Limited’s Rupganj G-Gas Satellite Plant-101 is supplying 200 metric tons of liquefied petroleum gas (LPG) daily to Dhaka, Mymensingh, Chittagong and Sylhet divisional areas. Chief Business Officer (CBO) Abu Saeed Raja said this to Dhaka Tribune during a plant visit at the Rupganj G-Gas Satellite Plant-101 in Narayanganj …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said the government is encouraging investment in power and energy sector. “A policy guideline for the private sector has been drafted and through this, the national grid can be use on commercial basis,” he told a session of Asia …

Bangladesh Energy Regulatory Commission (BERC) will hold hearing today on the proposed power tariff and find sources of subsidy. Power Division sought waiver of 34 percent VAT on import of HFO to reduce the cost of electricity generation. “I didn’t find the sources of subsidy in the previous report of …

Bangladesh Power Development Board (BPDB) has sought to withdraw import duties and Value Added Tax (VAT) on imported furnace oil for electricity generation. This aims to lower the energy tariff due to volatility in High-Speed Furnace Oil (HFO) prices in the international market over Russia-Ukraine war. HFO tariff increased to …

Sylhet Gas Fields Limited (SGFL), a government-owned major gas company, is set to supply around 20 million cubic feet of gas per day (mmcfd) to the national grid from May 10. “With the government’s sincere efforts around 20 million cubic feet gas from Koilashtila gas field will be added to …

Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has taken speedy projects to explore oil from abandoned 21 wells, aimed at easing pressure on LNG imports from volatile global market. Under the initiative, it already found gas reserves at Kailashtila well no-7 abandoned well, said a top official at Bapex. …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Tuesday informed Nepalese delegates that renewable energy generation would be increased through regional cooperation. “Prime Minister Sheikh Hasina’s vision is for ensuring 50 percent electricity from renewable energy and clean energy sources by 2040,” he told a bilateral meeting …

Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at “historically high” levels through 2024, endangering economic growth, the World Bank warned Tuesday. “This amounts to the largest commodity shock we’ve experienced since the 1970s,” said Indermit Gill, the World …

The price of jet fuel shot up again last week, the 13th hike in 17 months, which will force domestic carriers to raise airfares, risking losing travellers and intense competition with foreign airlines. The move from the Bangladesh Petroleum Corporation (BPC) comes at a time when the airline industry is …

Production in spinning mills in this peak season has remained halted over the past six days because of a severe crisis of gas for overhauling at the Bibiyana gas field. Following the suspension in production, the millers are fearing that the export of garment items will be affected because of …