Bangladesh has unveiled major tax cuts for EV transition
The push comes as the state attempts to reduce its heavy reliance on imported oil, which currently consumes 63.41% of the country’s total petroleum supply.
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Bangladesh’s power costs rise manifold on fossil fuel dependency: report
Primary energy imports rise to 62.5 % Power generation costs surge by 83 % Renewables account for only 2.3 % generation Bangladesh’s reliance on primary energy imports rose from 47.7% to 62.5 % in four years, leaving the country exposed to volatile global fossil fuel markets. As a result, power generation costs have gone up ...
Bangladesh to buy five more LNG cargoes
The government yesterday approved the purchase of five liquefied natural gas (LNG) cargoes, including three from the spot market, to help meet the country’s energy demand as supplies under long-term contracts face uncertainty amid the conflict in the Middle East. The Cabinet Committee on Government Purchase (CCGP) approved the proposals at a meeting yesterday following ...
Record Electricity Price Hike: Industrial and Household Expenses on the Rise
The Bangladesh Energy Regulatory Commission (BERC) has once again significantly increased electricity prices in the country. Under the new announcement, electricity prices have been raised by an average of 16.68 percent at the consumer level and 19.85 percent at the wholesale level. At the same time, transmission charges have also been increased by approximately 24 ...
Electricity Prices Hiked at Consumer and Wholesale Levels; New Rates Announced
The Bangladesh Energy Regulatory Commission (BERC) has announced an increase in electricity prices at both the consumer and wholesale levels. The new tariffs were published at a press conference, where significant price hikes were made across all three areas: consumer, wholesale, and transmission. According to the new decision, the average price of electricity at the ...
Government Focusing on Renewable Energy to Achieve Self-Reliance in Power: Chief Whip
Chief Whip of the National Parliament, Md. Nurul Islam has stated that the government is focusing on expanding the use of renewable energy to achieve long-term stability and self-reliance in the power sector. He made these remarks on Sunday following a meeting on renewable energy management at the parliament. The Chief Whip said that the ...
Private Investments Worth Tk 35,000 Crore Stalled Due to Gas Connection Crisis
At least Tk 35,000 crore in private investments across various economic and industrial zones in the country is virtually stalled due to a gas connection crisis. With numerous factories that are ready for production lying idle for years, employment generation has come to a halt, the debt burden on entrepreneurs is mounting, and the financing ...
New Initiative for Offshore Oil and Gas Exploration: Petrobangla to Invite International Tenders on Sunday
To inject new momentum into oil and gas exploration in the Bay of Bengal, the Bangladesh Oil, Gas and Mineral Resources Corporation (Petrobangla) is set to invite international tenders this coming Sunday. Foreign companies will be offered exploration opportunities across a total of 26 blocks, including 15 deep-sea and 11 shallow-sea blocks. To boost the ...
World Bank allocates USD 350 million for Bangladesh LNG imports
The World Bank approved USD 350 million in additional financing on Friday to help Bangladesh secure liquefied natural gas (LNG) imports. State-owned Petrobangla will utilise the funds to manage mounting external payment obligations. The fresh capital injection is an extension of the Energy Sector Security Enhancement Project, which originally secured a USD 350 million approval ...
Renewables Surge & Tariff Reform
Cover story on the 1,800 MW solar tender and BERC’s latest bulk tariff order.
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