Power & Energy
Power & Energy
India restricts power supply due to arrear
Nepali electricity provides hope Farhad Chowdhury: Bangladesh officially imports 1,160 MW of electricity from India. Out of this, 1000 MW is imported through West Bengal and 160 MW through Tripura. Bangladesh Power Development Board (BPDB) buys this power from Tripura State Electricity Corporation Limited (TSECL). But due to Rs 100…
Read More »Adani’s electricity coming from India without duty-tax!
Illegal discharge of contract Mahfuz Emran: Bangladesh Power Development Board (PDB) started importing Adani’s electricity from April last year. Electricity imports from India’s Jharkhand center at Godda have to pay a duty of over 31 percent. However, Adani’s electricity imports are not subject to any duty. PDB illegally waived duty-tax…
Read More »Power prices to rise from Tk 7.04 to 12.04 per unit
Plan presented to IMF Mahfuz Emran: The Power Development Board (PDB) is losing an average of Tk 3,600 crore by selling electricity every month. More than Tk 43 thousand crores of subsidy is needed in the current financial year to meet this shortfall. However, the Ministry of Finance has allocated…
Read More »Power sector sinking into losses
PDB’s outstanding liability soars to Tk 41,000 crore! Special Correspondent: The Power Development Board (PDB) is grappling with severe financial losses as it continues to purchase electricity at high prices while selling it at lower rates. This unsustainable pricing model is resulting in a monthly deficit exceeding Tk 3,600 crore.…
Read More »Over Tk 55,000 cr duty due in energy sector
Zarif Mahmud: The National Board of Revenue (NBR) owes nearly Tk 55,000 crore to at least 12 companies under the Department of Energy and Mineral Resources. This is more than 13 percent of NBR’s total revenue target for the current financial year 2023-24. However, there is no option to increase…
Read More »Crisis in energy sector will intensify
Depreciation of taka Mahfuz Emran: Bangladesh Bank has done a major devaluation of taka against the US dollar. The country’s economy will suffer in the long run. The cost of import will increase many times. In particular, the import cost of gas, fuel oil and coal will increase. As a…
Read More »Electricity price will increase 12 times in next 3 years
Zarif Mahmud: The government will adjust the price of electricity four times a year to deal with the pressure of subsidy. Over the next three years, the total subsidy to the power sector will be reduced in this process.During this period, a total of 12 phases will bring the price…
Read More »Power sector incurs loss of Tk 2400 cr as tax in source
Zarif Mahmud : A power distribution company has to pay tax at source at the rate of 6 percent while paying for power purchase. The electricity department claims that they have to pay a loss of Tk 2,400 crore every year due to this tax. For this, the organization has…
Read More »Unpaid electricity bill stood at Tk 60,000cr
Syed Nasir Hossain: At the end of last January, the amount of unpaid bills for electricity imports from India including government and private power generation companies, Adani, stood at around Tk 60 thousand crores.In this situation, with the aim of uninterrupted power supply during irrigation and summer season, the electricity…
Read More »Cheap coal now PDB’s burden
Power plant owes Tk 25,000 cr Zarif Mahmud : Japan’s public aid agency JICA funded the electricity master plan in 2010. That plan called for 40,000 megawatts of electricity generation by 2030, more than half of which would come from coal-fired plants. As per the plan, 17 power plants have…
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