Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 14, 2024

EB Reports

Around 71.6 per cent of Japanese companies operating in Bangladesh want to expand their business in the country. The information was revealed today at a webinar titled, “Investment Opportunities in Hi-Tech Parks in Bangladesh,” said a press release. The Embassy of Bangladesh in Japan with UNIDO ITPO Tokyo and the Bangladesh Hi-Tech Park Authority (BHTPA) hosted the webinar. Over 100 Japanese companies attended the webinar. The webinar focused on investment... »
Bangladesh and India have discussed simplification of the implementation process of Indian Line of Credit (LoC) projects. The issue was discussed at the 3rd meeting of the high-level project monitoring committee to review projects under Indian LoC held yesterday at the Economic Relations Division (ERD) in the capital. The meeting was co-chaired by Sharifa Khan, secretary, ERD and Pranay Verma, High Commissioner of India to Bangladesh. A delegation from Ministry... »
Bangladesh Chemical Industries Corporation (BCIC) has signed a memorandum of understanding (MoU) with Hanwha Saudi Contracting Company Limited for feasibility study to set up Di-Ammonium phosphate (DAP) fertilizer factory in the Kingdom of Saudi Arabia (KSA). The MoU was signed today at Industries Ministry conference room in the city, said a press release. Industries Minister Nurul Majid Mahmud Humayun attended the MoU signing ceremony as the chief guest while State... »
Prime Minister Sheikh Hasina today urged Korean businessmen to come up with more investment in Bangladesh. “There is huge potentiality to boost the economic relations between the two countries,” she said while presidential envoy and senior secretary for future strategy in the office of the president of republic of Korea Jang Sung Min called on her at the latter’s official residence Ganabhaban. Prime Minister’s Speech writer Md Nazrul Islam briefed... »
Ambassador and Head of Delegation of the European Union (EU) to Bangladesh Charles Whiteley on Sunday said energy storage is a key instrument to reach Bangladesh’s ambitious decarbonisation goals to ensure a reliable and uninterrupted power supply for all. He also said energy storage is a concrete means of improving energy efficiency and integrating more renewable energy sources into electricity systems. The European Union (EU), in collaboration with the Power... »
Prime Minister Sheikh Hasina has questioned the need for the significantly subsidised cost of gas and electricity in Bangladesh and urged people to pay their share of the actual cost. “The gas and electricity supply can be given, if all agree to pay the purchasing costs,” she said on Sunday, according to the state-run Bangladesh Sangbad Sangstha. “How much subsidy can be given to it? And why should we give... »
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved 42-month ECF / EFF arrangements of SDR 2.5 billion (equivalent to 231.4 percent of quota or about US$3.3 billion), and a concurrent RSF arrangement of SDR 1 billion (equivalent to 93.8 percent of quota or about US$1.4 billion) to support Bangladesh’s economic policies. Bangladesh is the first country in Asia to receive financing under the RSF. Approval of... »
Parliament on Sunday passed the Bangladesh Energy Regulatory Commission (Amendment) Bill 2022 to pave the way for the government to adjust the prices of gas and electricity without a public hearing in special cases. State minister for power, energy and mineral resources Nasrul Hamid raised the bill in Parliament, after checking with public opinion, sending it to the select committee and fixing the amendment proposals. It was passed by voice... »
Bangladesh has rolled out its first metro rail services with great fanfare in a desperate effort to ease commuting in Dhaka, one of the world’s most crowded cities that chokes on its traffic congestion due to inadequate public transport. Sheikh Hasina flagged off the first metro train at Uttara North Station and became the first passenger on the maiden trip to Agargaon after inaugurating the services at a ceremony marked... »
Trains in the Dhaka Metro Rail network, the country’s first, will be powered by electricity from the national grid. But the metro trains have also been equipped with high-capacity batteries to ensure that they keep running during emergencies. The Dhaka Mass Transport Company Limited (DMTCL), the project authority, said the metro rail employs the energy storage system, or ESS, which means the trains’ braking system will be used to recharge... »