Energy Bangla

Energy electricity and environment news portal

Dhaka Saturday,  Jun 15, 2024

EB Reports

Finance Minister Abul Hassan Mahmood Ali today proposed allocating Taka 30,317 crore for the Ministry of Power, Energy and Mineral Resources in the budget for FY 2024-25. “Considering the importance of the power and energy sector, I propose an allocation of Taka 30,317 crore in FY 2024-25. The allocation for this sector was Taka 34,819 crore in FY 2023-24,” he said in his budget speech. Of the total Taka 30,317... »
Reliance Bangladesh LNG & Power Limited has celebrated the World Environment Day-2024 on 5th June 24 with the theme “Land restoration, desertification and drought resilience” to make the global campaign #GenerationRestoration successful. The Company organized tree plantation programs inside the power plant area and participated in the rally organized by the office of District Commissioner- Narayanganj and distributed 775 tree saplings among the stakeholders. Besides, as a part of cleanliness... »
The government has approved an Annual Development Plan, or ADP, worth Tk 2.65 trillion for the 2024-25 fiscal year, an 8.16 percent rise from the revised outlay for the current fiscal year and 0.76 percent from the original. The endorsement of the new ADP came in a meeting of the National Economic Council chaired by Prime Minister Sheikh Hasina at Sher-e-Bangla Nagar in Dhaka on Thursday. At a media briefing... »
Prime Minister (PM)’s Energy Advisor Dr Tawfiq-e-Elahi Chowdhury, Bir Bikram, today said Bangladesh was facing challenge not to be created by it rather it is created by others. “Some countries were responsible for certain crises of dollar and others as current wars (in the world) created volatile situation,” he said at a seminar on Geology for Sustainable Development organized by Bangladesh Geological Survey Department (GSB) at Petrocenter here. GSB Director... »
Bangladesh Bank (BB) has introduced the Crawling Peg Mid-Rate (CPMR) system for buying and selling of foreign currencies and allowed banks to buy and sell US dollars freely at around Taka 117. The central bank today took the decision at a meeting of the Monetary Policy Committee (MPC) at its headquarters in the city. Terming the latest decision of the central bank as workable, former governor of Bangladesh Bank Dr... »
Distinguished fellow of the Centre for Policy Dialogue (CPD) Dr. Debapriya Bhattacharya on Sunday said that the purchasing power of marginal, middle class and lower middle class has decreased due to the direct impact of double-digit inflation. So the main budget for the next fiscal year 2024-2025 will be how to restore the stability of the macro economy and reducing the high inflation. He said this at a press briefing... »
The government has set a target to allocate Tk 804 billion for the power and energy sector in the next two fiscals as it attaches top priority to the sector, aiming to transform the country into a developed one. Of the total amount, Tk 383 billion will be allocated for 2024-25 fiscal year while Tk 421.3 billion for 2025-26 fiscal year. The government has also formulated short, medium, and long-term... »
Dhaka, 2nd May 2024, Thursday (PR): Summit Group today announced the appointment of Faisal Khan as the Managing Director of Summit Corporation, the largest independent power producer (IPP), LNG infrastructure and energy trading company in Bangladesh (effective 1st May 2024). “Faisal Khan is taking over as the Managing Director of Summit Corporation. It makes me so immensely happy to see our children grow up to be such good human beings,... »
An International Monetary Fund (IMF) delegation, led by Chris Papageorgiou, engaged in discussions with key Bangladeshi energy officials today (2 May) regarding the pressing financial challenges in the country’s power and energy sectors. The delegation first met with officials from the Power Division, led by Power Secretary Habibur Rahman, before progressing to talks with the Energy and Mineral Resources Division, and concluding with Petrobangla, the nation’s energy corporation. Despite the... »
Bangladesh and Qatar today signed five agreements and five memorandums of understanding (MoUs) to enhance mutual cooperation between the two countries. The agreements are: avoidance of double taxation and prevention of fiscal evasion with respect of taxes in income between Bangladesh and Qatar, cooperation in legal field between the government of Bangladesh and State of Qatar, maritime transport between the two countries, promotion and protection of mutual investment, and establishment... »