Power gets a third of Tk 108,240cr subsidies
More than a third of the subsidies allocated in the new budget is for the power sector due to what experts say is the huge spending on capacity charges.
8 June 2024, 18:00 PM
Energy sector overlooked: experts
They blame govt for focusing on imported solutions rather than own resources
6 June 2024, 17:21 PM
Govt to rely more on local banks than foreign funds
The government will rely more on domestic bank borrowing than foreign financing in the next fiscal year, intensifying pressure on the economy.
5 June 2024, 18:00 PM
Tight budget in austere times
With an aim to restore macroeconomic stability, reduce inflation, and contain pressure on foreign currency reserves, Finance Minister Abul Hassan Mahmood Ali is going to place a Tk 7,96,900 crore budget for the 2024-25 fiscal year tomorrow.
4 June 2024, 18:00 PM
Power, agriculture to drive up subsidies
The subsidies and incentive expenditures in the upcoming budget are going to be more than that of the current fiscal year.
3 June 2024, 18:00 PM
Regulate, don't ban, says study on easy bikes
The vehicles consume only 2.5pc of total power capacity, it says
3 June 2024, 14:56 PM
Narrowest budget deficit in a decade as govt to curb expenses
As the government wants to lower expenses, it is likely to contain the budget deficit to 4.6 percent of gross domestic product in the next fiscal year, a level seen a decade ago.
1 June 2024, 18:00 PM
Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
16 May 2024, 18:00 PM
Rooppur, Matarbari, metros to get highest ADP allocation
The government is set to increase budget allocation for quick completion of the Rooppur nuclear and Matarbari coal-fired power plant projects.
15 May 2024, 18:00 PM
How to wean Bangladesh off LNG addiction
Bangladesh can reduce its liquefied natural gas (LNG) imports by 21 percent and save $460 million a year by replacing ageing, inefficient industrial captive power generators with more efficient models and harnessing the waste heat produced by generators for other applications, says a study.
13 May 2024, 18:00 PM
Efficient generators at industries can slash LNG imports by 21pc: study
Analysing data from 73 gas-fired captive generators at 51 industries with a combined capacity of around 250 megawatts (MW), the IEEFA said the average efficiency of these generators is only 35.38 percent
13 May 2024, 06:02 AM
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
7 May 2024, 18:00 PM
Improving summer power supply: Govt pays half the subsidy power ministry needs
The Finance Division last week disbursed Tk 1,500 crore in subsidy against the power ministry’s demand for the immediate release of Tk 3,000 crore to boost electricity supply during the summer months.
27 April 2024, 18:00 PM
Bangladesh won’t benefit from global LNG oversupply
The global liquefied natural gas supply capacity will increase drastically in future and the prices will stay low, but Bangladesh is not likely to reap the benefit due to fiscal challenges, according to a global report.
25 April 2024, 18:00 PM
Rural areas bear the brunt of power outage
Hundreds of thousands of people in the rural areas have been subjected to hours of power outage despite record-setting generation of electricity over the last few days.
24 April 2024, 18:00 PM
Airlines against move to adjust jet fuel price under new BPC formula
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
21 April 2024, 00:53 AM
Heatwave: Power supply mostly stable
Power supply to households remains largely stable nationwide, as many energy-intensive sources such as mills, factories, offices, and shopping malls are yet to reopen following the Eid holidays.
18 April 2024, 18:00 PM
Power shortage more acute in rural areas
With the weather getting warmer, power crisis is growing across the country and some rural areas have been experiencing prolonged loadshedding since last week.
5 April 2024, 02:00 AM
Gas shortage leaves compressor stations inoperative
The government built two compressor stations in 2016 to supply gas at adequate pressure to different districts, but the expensive machinery has been underutilised due to inadequate gas flow.
29 March 2024, 18:00 PM
Window for easy loans narrowing
Bangladesh’s access to cheap loans is closing in with its rising per capita income, making foreign borrowing costlier.
23 March 2024, 18:00 PM