Power & Energy

Businesses yesterday expressed concern over running production in industrial units because of ongoing power cuts, low pressure of gas in supply lines and high energy prices. Many industrial units, especially export-oriented small and medium garment units, are said to be having to subsequently delay shipments. The concerns were expressed at …

Consumers in the areas under Dhaka Electric Supply Company Limited (Desco) experienced load shedding for over three hours on Saturday while those in the areas under Dhaka Power Supply Company Limited (DPDC) saw no power cuts. According to official sources, a forced shutdown of a power plant in Ghorashal Power …

Industrial unit owners of different sectors have demanded that the government provide them immunity from blackouts or load shedding They also expressed relief at production remaining nearly unhurt yesterday, the first day of planned power cuts, just as the government had promised to ensure. Mohammad Ali Khokon, president of Bangladesh …

The government has decided to cut the import of fuel, particularly diesel, by 20 percent as an austerity measure to save dollars and keep its foreign reserves stable. State Minister for Power and Energy Nasrul Hamid told this at a press conference on Monday after the review meeting on the …

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread Covid-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose $2.44, or 2.4 per cent, to $103.60 a barrel by …

Bangladesh is likely to cancel the Joint Development Agreement (JDA) with German giant Siemens AG, Chinese CMC and USA firm Excelerate Energy, which was signed for setting up a mega 3600MW LNG-based power plant at Payra in Patuakhali district. Siemens AG signed the deal with the state-owned North-West Power Generation …

Local airlines will have to face a severe blow losing their competitiveness globally due to an unprecedented hike in the price of jet fuel in the domestic market in one go. Padma Oil Company, a subsidiary of Bangladesh Petroleum Corporation (BPC), recently increased the price of jet fuel by Tk …

Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown. Brent crude futures fell $2.32, or 2.2%, to $104.78 a barrel by 0953 GMT, while U.S. West Texas …

The liquefied natural gas (LNG) market will see a growing need for medium-term and customised deals amid concern among some buyers about the price risks of long-term contracts and conflict with decarbonisation goals, an executive with global trading firm Vitol said on Thursday. Approximately 70 per cent of LNG globally …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid urged countrymen to be miser in using electricity and gas. He made the suggestion in the wake of power and energy crises across the globe due to war between Russia and Ukraine. However, he indicated that ongoing load shedding caused …