Idle power plants raise expenses by 29pc
With an unabated increase in Bangladesh’s power overcapacity, idle power plants increased power sector expenses by 29 per cent in the financial year 2022–23 compared with the year before, with Tk 17,621 crore spent as capacity charge. In 2021–22, the Bangladesh Power Development Board paid Tk 13,701 crore in capacity charge.
Rooftop solar power promises $1b savings a year
A 2,000-megawatt new rooftop solar capacity could help Bangladesh save between $476 million and $1 billion annually, according to a study of the Institute for Energy Economics and Financial Analysis (IEEFA). “While the economic benefits of rooftop solar are clear, its slow progress shows the sector is held back by lack of awareness, low confidence, perceived risks, high import duties, and tight fiscal conditions,” it said.
Private sector takes over 59% of renewable project pipeline: Study
A recent study by Change Initiative, a research organisation, reveals that Bangladesh’s private sector dominates the renewable energy sector, with 59% of planned projects under its ownership and 62% of total investment coming from private sources.
COP28 ends aiming transition of fossil fuel keeping escape doors for the polluters
Global leaders reached the consensus and adopted the decision of transitioning away from the fossil fuel to enable the world to reach net zero in the official documents without having clear pathway and actions for achieving this goal. Fossil fuel included in final document on Global Stocktake for the first time in the last day of 28th session of United Nations Framework Convention on Climate Change, commonly known as COP28
Is the energy demand forecast for 2021-41 based on the wrong premise?
The Perspective Plan 2021-41 was approved when Bangladesh’s economy was on a high growth track before the Covid-19 struck the world. As the strategic plan was put to effect, the pandemic had already started raging around the world upending all accounts of economy and life all over.
Economic impacts of mounting gas problems
The worse fear of inconsistent and uncertain gas supplies is now a reality. This is something that experts had been warning of for more than a decade but to no avail. Bangladesh’s policy shift from its self-reliance in energy in favour of import has put the nation on a path where supply of natural gas is no longer assured, either for manufacturing or for household consumption.
Bangladesh’s Summit Group in final talks to sign LNG deal with Petrobangla
Bangladesh’s Summit Group is in the last stage of discussions with the government to provide the nation with supplies of liquefied natural gas (LNG), its chairman said on Monday. “We are in discussion with the government of Bangladesh, that is Petrobangla, and the discussion is (for) about 1.5 million tonnes (per annum),” Aziz Khan told Reuters in an interview, referring to Bangladesh’s state-owned company.
‘Uninterrupted, reliable and affordable’: 3 major objectives for AL in energy and power sector if reelected
“These are to ensure that power and energy supplies are uninterrupted, reliable and affordable,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid said in an interview with UNB. “If we come to power, our main focus will be on dealing with these three main challenges,” he said, adding that technology will be the main tool to face the challenges.
Chinese firm to build solar power plant in Bangladesh
A joint venture of Fujian Yongfu Power Engineering Co Ltd of China, Air Waves Pvt Limited and Moni Traders Limited will set up a 70MW solar power plant in Bandarban from which the BPDB will buy per unit of power at $9.99 – equivalent to Tk10.96 – for a period of 20 years.
Nasrul urges International Solar Alliance to come up with with effective programme
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has urged the International Solar Alliance (ISA) to come up with an effective programme to help member countries promote solar energy. “The ISA should be a center of innovative technology to support the expansion of solar power,” he said.
