Energy Bangla

Energy electricity and environment news portal

Dhaka Friday,  May 14, 2021

Power Sector

GCM Resources PLC has signed a Joint Venture (JV) agreement and an Engineering, Procurement and Construction (EPC) contract with China’s state-owned POWERCHINA for the development of a 2,000 MW coal-fired power plant in Dinajpur. The power plant will be using domestic coal, in fact, it will be a mine-mouth power plant and the project is estimated to cost nearly $4 billion. The agreement was signed on Thursday in a ceremony... »
The government is up to set up a 350 MW coal-fired power plant in Taltoli Upazila of Barguna district. The contractors are already preparing the power plant site land. The power plant is expected to begin its operation in 2022. The project is being jointly implemented by China’s ‘Power China Resource Limited’ and ‘ISO Tech Electrification Company Limited’, a subsidiary of ISO Tech Group of Bangladesh approximately cost of about... »
With $100 billion of existing and proposed thermal power plants in financial distress and low cost but variable renewable energy capacity best able to meet targets, India has an opportune moment to transform its electricity sector by introducing day-ahead market pricing, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. A new IEEFA briefing note, “Flexing India’s energy system: Making the case for the right price signals... »
UNB: Nasrul Hamid, who was made state minister for Power, Energy and Mineral Resources again, will unveil a five-year future plan for the sector on Tuesday. According to official sources, Nasrul Hamid, who took oath as state stare minister on Monday, will present the new plan at a function at the Bidyut Bhaban. Nasrul Hamid served the ministry for the last five years as state minister. During his tenure, country’s... »
India has revised its prevailing Cross-Border Trade of Electricity guideline, which has now enabled Bangladesh to import electricity directly from Nepal, Bhutan and other neighboring countries using India’s land. The guideline was published on 18th December of this year. Prior to this revision, in 2016, the guideline prohibited direct imports of power using the terrain of India which is now withdrawn. Now, Bangladesh will get a chance to import power... »
State-owned Ashuganj Power Station Company Limited (APSCL) yesterday signed separate contracts with eight banks and financial institutions to sell its bonds under private placement to raise funds for implementing its power plant projects. Finance Minister AMA Muhith, Prime Minister’s Energy Advisor Dr Tawfiq-e-Elahi Chowdhury and State Minister for Power and Energy Nasrul Hamid were present at the contract signing ceremony held at InterContinental Dhaka in the capital. Under the contracts,... »
The government is moving ahead with a plan to open a $35 billion investment opportunity for private investors in the country’s power transmission sector. According to official sources in the Power Division, the private sector`s enormous success in power generation has prompted the government to invite them to invest in the transmission segment of the sector. The latest government statistics show the private sector’s contribution to power generation hit 11,057... »
The electricity generation capacity reached to 20,430 MW this year bringing more than 91 percent people under elasticity coverage from earlier 47 percent. “The present government’s vision is to supply uninterrupted electricity to all citizens by 2021 with a view to turning Bangladesh into a middle income country,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid, told. He said the government has been implementing a master-plan to generate... »
Senior officials of Summit Power Limited seen at the 21st Annual General Meeting (AGM) of the company at Krishibid Institution Bangladesh (KIB) auditorium in the capital yesterday. Photo: Courtesy Summit Power Limited has approved 30 per cent cash dividend to its shareholders for the year ended on 30 June 2018. The dividend was approved in presence of the Company’s shareholder at its 21st Annual General Meeting (AGM) held at Krishibid... »
Officials of the energy ministries of Nepal and Bangladesh will explore the possibility of energy trade and Bangladeshi investment in Nepal’s hydropower sector during their first meeting scheduled for next week. Meetings of the Joint Steering Committee, co-led by the energy secretaries of Nepal and Bangladesh, and the Joint Working Group, co-led by the joint secretaries, will be held in Kathmandu from December 3-4. According to the Energy Ministry, the... »