Power & energy sector coverage for Bangladesh
The push comes as the state attempts to reduce its heavy reliance on imported oil, which currently consumes 63.41% of the country’s total petroleum supply.
If the proposed agreement between the United States and Iran is implemented, a major market for oil and energy exports could once again open up for Tehran. This was reported by the US newspaper, The Wall Street Journal. The report states that, considering pre-war production capacity and current market prices, Iran could earn over $60 ...
As Bangladesh races toward its ambitious 2041 renewable energy targets, industry leaders are sounding the alarm: a restrictive tax regime that favors a handful of large corporations could bottleneck the country’s entire green transition. While the proposed 2026-27 fiscal budget introduces several positive initiatives for the power sector, energy experts warn that confining customs and ...
The use of eco-friendly ‘green energy’ or renewable energy in the maintenance and operation of the Padma Bridge, one of the country’s mega-infrastructures, has reached a new milestone. A state-of-the-art solar power system with a capacity of 2.49 megawatt-peak (MWp) has been successfully installed and commissioned at Service Area-2 of the Padma Bridge, which falls ...
Primary energy imports rise to 62.5 % Power generation costs surge by 83 % Renewables account for only 2.3 % generation Bangladesh’s reliance on primary energy imports rose from 47.7% to 62.5 % in four years, leaving the country exposed to volatile global fossil fuel markets. As a result, power generation costs have gone up ...
The government yesterday approved the purchase of five liquefied natural gas (LNG) cargoes, including three from the spot market, to help meet the country’s energy demand as supplies under long-term contracts face uncertainty amid the conflict in the Middle East. The Cabinet Committee on Government Purchase (CCGP) approved the proposals at a meeting yesterday following ...
Artificial Intelligence is not only responsible for greenhouse gases: its environmental footprint is expanding at a pace that could strain the planet’s natural resources. Data centres, the global infrastructure powering AI, could consume 945 terawatt-hours of electricity annually by 2030—nearly triple the combined annual electricity use of Pakistan, Bangladesh, and Nigeria, countries collectively home to ...
India rolled out the red carpet for Venezuela’s interim President Delcy Rodríguez on Thursday. Prime Minister Narendra Modi held a meeting with Rodríguez to further strengthen trade relations between the oil-exporting nation and energy-dependent India. Rodríguez leads Venezuela, a country that holds approximately 17 percent of the world’s total crude oil reserves. She took office ...
Electricity Prices Leap: Household, Agricultural, and Industrial Costs Set to Rise Average retail price increased by Tk 1.52 per unit Average price per kilowatt rose from Tk 9.11 to Tk 10.63 Additional cost of 69 poisha per unit for 17.5 million low-income families Fears of new pressure on production costs and inflation Retail electricity prices ...