Power & Energy

Against 3.7pc rise in electricity production Mahfuz Emran : Bangladesh produced a total of 87.024 billion kilowatt-hours (kWh) of electricity in last fiscal year 2022-23. Bangladesh Power Development Board (BPDB) spent Tk 950.32 billion ($8.66b) to buy this electricity from the government, private and rental power stations. Of which, Tk…

International Desk : Yemen’s Houthi forces have carried out multiple attacks targeting undersea internet cables. It has greatly disrupted the communication between Asia and Europe. At least four submarine cables under the Red Sea have been damaged, the New York Post reported, citing Israeli media Globes. These have disrupted Djibouti’s…

Mahfuz Emran : After the settlement of the boundary of the Bay of Bengal, two neighboring countries, India and Myanmar, have increased their focus on deep sea energy exploration. Both countries have invested in this sector at different levels. Foreign investment is getting as needed.On the other hand, Bangladesh is…

Staff Correspondent : Due to lack of adequate infrastructure for transportation and disposal of own and imported gas, supply cannot be normalized even by increasing imports. The current shortfall is more than double the capacity to transport liquefied natural gas (LNG) from terminals to the national grid. However, the energy…

Mahfuz Emran : The cost of power generation has been increasing for several years. However, it increased at an abnormal rate in the financial years 2021-22 and 2022-23. Earlier, the average cost of production of electricity was fluctuating. However, the Power Development Board (PDB) is struggling due to the abnormal…

Zarif Mahmud : For 9 consecutive years from the fiscal year 2011-12, the average cost of power generation remained at Tk 5. However, breaking that circle, the cost per unit of power generation in 2020-21 financial year stands at around Tk6.5. In the next two financial years it increased by…

For electricity subsidy Zarif Mahmud : The Finance Department has signed a memorandum of understanding with 24 banks regarding the issue of bonds for payment of power sector subsidies. The agreement was signed between 24 banks, creditor power generation companies and the power department at Vidyut Bhaban on February 7.…

Staff Correspondent: Earth has endured 12 months of temperatures 1.5C hotter than the pre-industrial era for the first time on record, Europe’s climate monitor said Thursday, in what scientists called a “warning to humanity”.Storms, drought and fire have lashed the planet as climate change, supercharged by the naturally-occurring El Nino…

As production will decrease soon Mahfuz Emran : The daily gas demand in the country is about 400 million cubic feet.Against this, the supply is 266.20million cubic feet.However, with the two LNG terminals operational, the average supply is a little over 2900 million cubic feet.Officials of Petrobangla and Energy Department…