Energy Bangla

Consumers are strongly against the proposed 15 percent VAT (Value Added Tax) on electricity as they already pay a 5 percent VAT on it. General consumers are against the extended VAT on electricity as well as the proposed VAT has no clear indication on how the VAT will be calculated and collected. Shamsul Alam, an energy advisor of the Consumers Association of Bangladesh (CAB) informed the implications of the proposed... »

The Asian Development Bank (ADB) is partnering with governments, communities, and the private sector to help improve the availability and quality of clean and affordable sustainable power in the Pacific region, says a new ADB report. The Pacific Energy Update 2017 provides a comprehensive overview of ADB’s energy-focused work in the Pacific. The publication highlights the impacts of ADB-supported energy initiatives completed in 2016 and ongoing in 2017, while providing... »

President M Abdul Hamid and Prime Minister Sheikh Hasina yesterday called upon all to make effective contributions to the preservation of environment and biodiversity along with government efforts. In separate messages on the eve of the World Environment Day-2017, they said this year’s theme of the day – ‘Connecting People to Nature’ — is time-befitting. They wished success of all programmes of the day. In his message, President Abdul Hamid... »

Power sector of the country got top priority in the government’s proposed budget for the FY-2017-18 while energy sector was neglected in terms of budget allocation. The ample gap between budget allocations of these two closely related sectors may result in a complete failure to the government’s master plan regarding these sectors, said the power and energy expertd of the country. According to the energy and power experts of the... »

According to the proposed tax rate proposed in the national budget for the fiscal year of 2017-18, prices of LPG (Liquefied Petroleum Gas) is likely to go down while prices of solar panels will rise on the other hand. The prevailing VAT rebate on the local production of LPG has a validity till 30th June 2017 which is now proposed to be extended to 30th June 2019 in this proposed... »

Bangladesh government has grossly increased its budgetary allocation in power and energy sector for the next fiscal. Tk 211.18 billion has been earmarked for the sector, Finance Minister AMA Muhith said in his budget speech this afternoon. The amount is a 45 per cent increase in allocation as compared to last year. He said the government sees sustainable development of power generation, transmission and distribution system as one of its... »

The new budget for the fiscal year of 2017-18 may bring an allotment of about BDT 21 thousand crores for the county’s power sector, while the energy and mineral resources sector may get only about BDT 3.5 thousand crores. According to the sources from the Ministry of Power, Energy and Mineral Resources (MPEMR), the national budget of FY-2017-18 may allocate BDT 21 thousand 458 crore and 83 lacs to the... »

The state minister for Power, Energy and Mineral Resources Nasrul Hamid stated that, the area of energy security would be broadened to save more energy. To ensure the best efficient use of energy, master plans are needed to be executed timely, he added. The state minister said so while he was addressing in a workshop held at the conference room of the Sustainable and Renewable Energy Development Authority (SREDA) office... »

Chevron’s Employee’s refused to accept benefits package. In a statement Chevron said, following 6 months of engagement with employee representatives, the Chevron Bangladesh companies announced a generous package of benefits that would be provided to all employees in the event of a concluded sale. The package included guaranteed employment for two years and a goodwill bonus payment equivalent to 9-months’ salary. But regretfully employee representatives have refused to accept this... »

Md Ruhul Amin, who is now deputy secretary at the Economic Relations Division, has been sent to jail on charges of embezzling Tk 462 million after seeing his appeal for bail extension rejected. Ruhul Amin allegedly embezzled the money from Matarbari coal-fired power plant project when he was deputy commissioner of Cox’s Bazar district in 2014. He appeared before the Chief Judicial Magistrate of Cox’s Bazar, Md Toufique Aziz, and... »