The government is going to revise the Renewable Energy Policy. Giving lifetime waiver of income taxes to foreign companies investing in renewable energy sector to entertain foreign investment in the sector.
If the policy is revised, foreign investors will get more benefit compare to local investors in the country’s renewable energy businesses as the locals will get the tax waiver for 15 years.
The draft revised policy also suggested the local private companies to form a joint venture with the foreign ones to enjoy the lifetime waiver of inco [ ... ]
Govt approved Ghorasal 365 MW power plant
The government has approved the Ghorasal 365-megawatt (MW) power plant. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the National Economic Council (ECNEC) on 8th April in Dhaka endorsed the Ghorasal power station project at a cost of Tk 25.11 billion (US$306.32 million) and three other projects with a combined outlay of of Tk 2.82 billion.
By Robert Bensh:
There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver\'s seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.
The driving factor for any energy investor in Ukraine [...]
By. James Burgess:
Since the first discovery of the massive Jubilee oilfield in Ghana by a start-up company, the West African playing field has begun to change, and so too have investor sentiments, disappointed most recently by the low fourth-quarter 2013 results of major integrated oil companies like Exxon, Shell, Chevron and BP.
But while the supermajors are struggling wi [...]
Bangladesh has been listed in the Guinness World Record for singing the national anthem by the largest number of people together in Dhaka on March 26.
The Guinness World Record made the announcement on its official website on 9th april afternoon.
The website said, “The most people singing a national anthem simultaneously is 254,537 and was achieved by the Ministry of Cu [...]
Renewable Energy Market Share Climbs Despite 2013 Dip in Investments
Frankfurt / New York, 7 April 2014 – Renewable energy’s share of world electricity generation continued its steady climb last year despite a 14 per cent drop in investments to US$214.4 billion, according to a new report released today.
According to Global Trends in Renewable Energy Investment 2014 – produced by the Frankfurt School-UNEP Collaborating Centre [...]
Coal power can control load-shed in short time: Punjab Chief Minister
Punjab Chief Minister Muhammad Shahbaz Sharif said on 2 march that coal-based power generation projects could help in controlling power crisis to a large extent within a short period of time.
He was chairing a meeting to review the matters regarding a comprehensive system for transportation of imported coal for coal power project. Federal Minister for Railways Khawaja Saad [...]
Ukraine Falling to Economic Warfare and Its Own Missteps
By Robert Bensh:
As protests in Ukraine\'s eastern region turned violent on Sunday leading to the death of a Ukrainian security officer in a shootout with pro-Russian militia, Kiev threatens military action while Moscow flexes its geo-economic warfare muscles.
Pro-Russian militia groups have seized government buildings and police headquarters in Ukraine\'s eastern cit [...]
South Asian monsoon depends on West Asian dust: study
BSS . Dhaka | 5 april 2014:
South Asia A new study by US and Indian scientists say desert dust originating in West Asia increases or reduces the intensity of the South Asian monsoon.
The article published in Nature Geoscience, this week, tried to explain how aerosols — fine particles or liquid droplets in the air — influenced rainfall patterns in unanticipated w [...]