Dhaka Thursday, May 13, 2021
EB Reports
The country’s overall economic growth will largely depend on good governance, energy affordability and quality service in power and energy sector, speakers at a virtual seminar observed Thursday. They also suggested for oil and gas exploration in onshore and offshore blocks and quick retirement of expensive and inefficient oil-fired power plants to make the sector more efficient. The speakers came up with the observation during a virtual seminar titled: “Bangabandhu:... »
As part of its COVID-19 support for underprivileged communities, Chevron’s Bangladesh companies recently handed over 300 packs of food & hygiene supplies for the students of nine Kushum Koli schools of Dhaka – a network of charity schools run by the Social Welfare Committee of the Dhaka Ladies Club. Pictured here on the right is Ismail Chowdhury, Chevron’s Bangladesh Corporate Affairs Director, who handed over the supplies at an event... »
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today underscored the need for expediting the automation and digitalization process in energy management. “Office management software can be used according to the architectures of offices,” he said while addressing a meeting through video conference from his residence. Addressing the meeting to review implementation and progress of projects under the ‘Annual Development Program’ till May 2020 and the decisions taken... »
The country’s power and energy sector has received an allocation of Tk 26,758 crore in the proposed national budget for the fiscal year 2020-21 placed in the Jatiya Sangsad by Finance Ministry AHM Mustafa Kamal on Thursday. The allocation was reduced by Tk 1,293 in the coming fiscal as the sector had received allocation Tk 28,051 crore in outgoing fiscal of 2019-20. Of the allocation in fiscal 2020-21, the Power... »
Finance Minister AHM Mustafa Kamal today placed a Taka 5,68,000 crore national budget for fiscal year (FY21) at the Jatiya Sangsad with a target of attaining 8.2 percent GDP growth through continuing the momentum of the economy with all required economic activities after tackling the impacts of the coronavirus (COVID-19) pandemic. Leader of the House and Prime Minister Sheikh Hasina along with a number of selected lawmakers, invited by the... » 
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today sought Taka 30,736.65 crore budget allocation for fiscal 2020-’21 to ensure uninterrupted supply of power and energy in the country. “An allocation of Taka 30,736.65 crore has been sought from the Ministry of Finance giving emphasis on the transmission and distribution systems,” he said while exchanging views on ‘Budget and Context’ through video conferencing from his secretariat office. He... » Energy & Power proposed to get BDT 30,736 crore
Transmission & Distribution to get preference over Generation
In the upcoming budget, power transmission and distribution sectors are likely to get the lion’s share in terms of budget allocation compared to the generation sector. Transmission and distribution sectors are likely to get almost 70% of the total budget allocation for the energy and power sector in the Annual Development Program (ADP) of the next FY. According to the sources of the Ministry of Power Energy and Mineral Resources... » 
The World Bank on Tuesday said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3. The change will give the World Bank’s International Financing Corp a total of $8 billion to support private companies and their employees hurt by economic impacts of the virus, the bank said.... »
Bangladesh may lose up to $3.021 billion if the ongoing coronavirus outbreak across the globe turns to the worst, the Asian Development Bank says. The loss will be $8 million in the best scenario and $16 million, or 0.01 percent of the GDP, if it ends moderately, according to a new analysis by the ADB. The spread of the deadly virus will have a significant impact on developing Asian economies... »
Like every year, Chevron participated in the U.S. Trade Show – this time for the 17th time. Marking its 27th edition this year, the U.S. Trade Show is jointly organized and sponsored by the American Chamber of Commerce, Bangladesh and the United States Embassy Dhaka. It is one of AMCHAM Bangladesh’s key annual events, organized with a view to stimulating greater understanding about business potential and opportunities in Bangladesh and... »