Power & Energy

Despite huge profit Zarif Mahmud: Bangladesh Petroleum Corporation (BPC) may make a loss of over Tk 10,000 crore in the current financial year, as projected during the formulation of the budget. However, the Ministry of Finance said that the company will have a net profit of more than Tk 3,800…

Staff Correspondent: State Minister for Electricity, Energy and Mineral Resources Nasrul Hamid said that sometimes ghost bills can happen due to technical and non-technical reasons. He said that various steps have been taken to ensure that the electricity bill is appropriate.Nasrul Hamid gave this information in the national parliament.Nasrul Hamid…

Factories able to utilize only 40 pc of capacity due to lack of gas Mohiuddin Farazi: Energy crisis has been going on in the country for several years. New gas connection to houses closed due to lack of gas. Factories are utilizing only 40 to 50 percent of their production…

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…

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…

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.…

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…

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…

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…