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Businessmen yesterday expressed worries over the energy companies’ latest proposal to raise gas prices, as they believe another hike now will increase the cost of production and ultimately slow down the economic revival amid the ongoing pandemic. The industries will lose competitiveness if the cost of production is raised at …
Read More »Govt exploring rooftop, floating solar power for scarcity of lands: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that the government is exploring options like rooftop and floating solar power plants as alternatives to land-based ones due to scarcity of lands. He said it is not possible to set up land-based large scale solar plants as …
Read More »Govt to build 660MW plant in Mirsarai
The government is going to build a 660-megawatt gas or liquified natural gas-based power plant in Mirsarai of Chattogram. The cabinet committee on purchase yesterday approved the plant, which will be implemented by the Bangladesh Power Development Board. A consortium of Confidence Power Holdings Ltd, GE Capital US Holding Inc, …
Read More »Now jet fuel, furnace oil prices cut by Tk2 per litre
The price of Jet A-1 fuel has decreased from Tk77 to Tk75 per litre, and the price of furnace oil from Tk62 to Tk60 per litre The Bangladesh Petroleum Corporation (BPC) from Sunday decreased prices of jet fuel and furnace oil by Tk2 per litre. The decision was taken at …
Read More »Top oil producers may freeze output amid Omicron concerns
Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil. The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US- led pressure to significantly boost output to rein …
Read More »Deal signed to set up Bangladesh’s first-ever waste-to-energy project
An agreement was signed on Wednesday between the Bangladesh Power Development Board (BPDB), the Dhaka North City Corporation (DNCC) and Chinese firm China Machinery Engineering Corporation (CMEC) to develop the country’s first ever waste-based power plant in Dhaka. The power plant will generate 42.5 MW of electricity from the garbage …
Read More »Power sector needs $65 billion investment to meet growing demand: Nasrul Hamid
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that Bangladesh needs $65 billion in investment in the power sector to meet growing demand. He said there will be huge demand in power and energy sector as more than 40 economic zones are being developed across the …
Read More »Will gasoline prices drop in 2022? It depends on Opec and US shale
Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and US shale firms. The global oil industry’s slow response to the surging demand in 2021 has contributed to soaring …
Read More »BPDB’s extra purchase order of petroleum puts BPC in trouble
A purchase order by the Bangladesh Power Development Board (BPDB) to import extra quantities of diesel and furnace oil has put the Bangladesh Petroleum Corporation (BPC) in big trouble. According to official sources, the BPDB placed an extra order to BPC to import 105,800 metric tons of diesels and 101,000 …
Read More »40% energy to come from renewable sources by 2041: Hasan
Information and Broadcasting Minister Dr Hasan Mahmud has said cent percent people of the country will be brought under electricity coverage within this year. He hoped that the use of the country’s 40 percent energy would be ensured from renewable sources by 2041. Hasan, also the Awami League joint general …
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