Energy Bangla

Energy electricity and environment news portal

Dhaka Wednesday,  Mar 3, 2021

Green Pages

India is now the lowest-cost producer of solar power globally, according to a report by the International Renewable Energy Agency (IRENA). The IRENA report titled ‘Renewable Power Generation Costs in 2018’, revealed that the total installed costs of utility-scale solar PV in India is as low as $793 per kilowatt (kW) in 2018 which is 27 per cent lower than for projects commissioned in 2017. Canada has the highest cost... »
The government has initiated a process to terminate a contract with Beximco Group for its failure to implement a solar power project. Power Division sources said the Power Development Board (PDB) issued an ‘event of default notice’ to Beximco-TBEA Xinjiang SunOasis Co Ltd on May 5 for failing to implement 200MW Gaibandha grid-tied power project as per schedule. A Power Division document shows that the Cabinet Committee on Public Purchase... »
A report was presented regarding this in a recent meeting of the Parliamentary Standing Committee on Ministry of Power, Energy and Mineral Resource. The report says that in Bangladesh electricity demand goes at its peak for two times a day- one at daytime and another at evening. The peak demand is mostly met by fuel oil-fired power plants. We’ve got a scarcity of barren lands to install solar power plants... »
Speaking as the chief guest at a seminar organized by the Bangladesh Solar and Renewable Energy Association (BSREA), Salman F Rahman, the private sector industry and investment advisor to PM, said that the country is consistently improving its stance with respect to solar energy with collective efforts. “It’s time to think about ‘my village, my city’. This is our Prime Minister’s mission and vision. And such arrangements for working in... »
Infrastructure Development Company Limited (IDCOL), a Non-bank Financial Institution owned by the Government of Bangladesh, has declared dividends of Tk 70 Crore from the profit made in FY 2018. Out of that Tk 20 crore has been paid to the Government as cash dividend while Tk 50 crore would be used for increasing the company’s paid up capital to Tk 650 crore by issuance of bonus shares. Mr. Monowar Ahmed,... »
The World Bank (WB) has approved $185 million to add up to 310 Megawatt (MW) in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The support for the Scaling-up Renewable Energy Project will increase installed capacity of renewables through piloting and expanding investments in key market segments. It will build the first 50 MW phase of a... »
UNB: Having failed to get necessary cooperation from government departments in using the rooftops of their buildings, Dhaka Power Distribution Company Ltd (DPDC) is now moving to Dhaka University buildings to implement a solar power project on their rooftops. According to official sources, the Dhaka University authorities have agreed to provide the rooftops of its 72 structures, including different residential halls, administrative and academic buildings and housing complexes for the... »
The Power Division is now waiting for a positive note from the Asian Development Bank (ADB) about its financing to implement a 50MW floating solar project in the Kaptai Lake, official sources said. “We’ve heard the executive board of the donor agency (ADB) has approved a financing proposal in this regard. But, the government will move for feasibility study of the project once it receives the official letter from the... »
A solar power plant having a power generation capacity of 28 MW has recently started its operation in Teknaf of Cox’s Bazar. Accounting this, the power generation capacity from renewable energy sources exceeds five percent of the country’s total demand. Technaf Solartech Energy Ltd (TSEL) has installed this power plant in Teknaf utilizing a total of 116 acres of land. Currently, the power plant is feeding 20MW to the national... »
A global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises – announced their first Bangladesh investment from the IIX Growth Fund, into off-grid solar energy firm SOLshare. IIX brought together a consortium of investors including Silicon Valley-based innogy New Ventures LLC (the venture capital investment arm of the German utility firm innogy SE), and Portuguese utility firm EDP, to close a US$1.66... »