Power & Energy

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said on Wednesday that geo-scientific data should be used in developing sustainable infrastructures. “There must be a reflection of the geo-scientific data in developing area-based master plan”, he said while addressing a seminar on the findings of a project titled: …

A series of power substation projects under the Power Division have stalled as the country’s local power transformer producer Energypac is facing a massive fund crisis. The under-construction power projects involve a total cost of over Tk 10 billion. The company’s fund crisis was exposed during a review of the …

Industrial demand for liquefied petroleum gas (LPG) has shot up around threefold in the past couple of months, which market insiders believe resulted from industries trying to reduce their reliance on diesel for a hike in its price. In November, around 25,000 tonnes of LPG were sold to industries whereas …

The price of coal in Bangladesh has flared up by some 78 per cent over the past year, hitting Tk 32,000 per tonne at present compared to Tk 18,000 per tonne previously, as depreciation of the local currency against the US dollar has made imports costlier, according to industry people. …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that all the liquid fuel-based power plants will be phased out within next two years. “We think, we can come out of all liquid fuel-fired power plants in next two years”, he told a seminar titled: “Energy Transition: …

DHAKA, Dec 3: State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said that a policy preparation work is underway to allow private sector for importing and selling fuel, reports BSS. “Ensuring supply of fuel at a lower price is the main problem now. Apart from the government, …

Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and might have to be revisited. “We will not accept this price cap,” Kremlin spokesman Dmitry Peskov told domestic news agencies, adding that …

The growing ceramic sector that made a sustainable footing in local market based on three key elements – availability of gas, cheap labour and tariff advantage – are now struggling to keep up its rising trend. The industry people have said that the availability of low-cost energy which was one …

Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered higher than the current trading levels, alleviating concerns over tight supply. A greater-than-expected build in US gasoline inventories and widening COVID controls in China added …

World oil prices plunged more than five percent Monday, reaching the lowest levels since January, on forecasts of a hit to Chinese demand. Brent North Sea crude slumped 5.5 percent to $82.84 per barrel and WTI shed 5.7 percent to $75.55 as China’s first coronavirus death in six months triggered …