The Power Grid Company of Bangladesh Ltd incurred a massive Tk 626.48 crore loss in the financial year ended June 30.

Power Grid Company of Bangladesh Ltd’s profit plunged 61.77 per cent year-on-year to Tk 122.59 crore in the financial year that ended on June 30.

Government must take proper action after the national grid failure

Experts blame poor electricity transmission equipment, the lack of a smart grid, and the ill-equipped National Load Dispatch Centre for Tuesday’s national grid failure that caused power blackouts in half the country.