Power & Energy

The Centre for Policy Dialogue (CPD) today suggested that Bangladesh Petroleum Corporation should cut prices of fuel as it has been making profit since August this year. The think-tank made the suggestion at a media briefing on slowdown in global economy and challenges for Bangladesh. The event was organised at …

Prime Minister Sheikh Hasina will inaugurate the installation of a reactor pressure vessel at the second unit of the 2,400 MW Rooppur nuclear power plant (RNPP) on Wednesday amid high enthusiasm for the country’s maiden nuclear power plant, officials say. They say that the first unit of the project has …

The government has planned to increase import of fuel oil by about 15 lakh tonnes in 2023 mainly to feed fuel oil-based power plants to tackle chronic power outages already hitting life and livelihood hard. According to Bangladesh Petroleum Corporation officials, they are planning to import 77.2 lakh tonnes of …

Bangladesh and Brunei Darussalam on Sunday agreed to explore mechanisms for long-term collaboration in the energy sector, particularly in the supply of Liquefied Natural Gas (LNG) and other petroleum products to Bangladesh. Visiting Brunei Sultan Haji Hassanal Bolkiah and Bangladesh Prime Minister Sheikh Hasina agreed for a long-term collaboration in …

Due to the acute power deficit and frequent load-shedding, the export-oriented industries, manufacturing and the financial sector’s adoption of digital technology are facing a crisis. The Power Division reports that from last July to September, the largest amount of load-shedding per day was 2,000–2,200 megawatts. However, in October, this shortfall …

Oil prices held near three-week highs on Thursday after Opec+ agreed to tighten global crude supply with a deal to cut production targets by 2 million barrel per day (bpd), the largest reduction since 2020. Brent crude futures edged down 16 cents, or 0.2 per cent, to $93.21 per barrel …

The Bangladesh Garment Manufacturers and Exporters Association has requested the government to readjust the diesel price on the local market in line with the price fall of the item on the international market. The BGMEA on Monday sent a letter to prime minister Sheikh Hasina saying that the demand for …

Oil prices jumped by about $4 on Monday as Opec+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the Covid-19 pandemic. Brent crude futures rebounded by $3.77, or 4.4 per cent, to …

One of the Rampal power plant’s two units was inaugurated last month but it still requires some machinery to practically start running. Moreover, a lack of synchronisation has led to the government incurring extra costs in the form of demurrage being paid to ships which have already arrived with coal …

Oil prices firmed on Thursday, erasing earlier losses, on indications that Opec+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6 per cent, to $89.84 a barrel by 1027 GMT and US crude futures rose …