Day: March 31, 2022

Speakers at a webinar have expressed the view that the price of gas and electricity in Bangladesh is growing more and more dependent on expensive imported fuel for failure in exploration and exploitation of own resources. The impact on LPG is far greater as it is almost exclusively imported. The Ukraine crisis has not directly affected the fuel supply yet, but the prices of gas and crude oil have significantly increased in the global market. The price of LPG has increased from the current month. Speakers said the price of LPG in Bangladesh can be kept at a comfortable level by providing subsid...

British High Commissioner in Dhaka Robert Chatterton Dickson inaugurated climate-resilient community infrastructures in Cox’s Bazar and Chattogram during his two-day visit to the cities on February 27-28. He visited Cox’s Bazar and Chattogram as part of the Livelihoods Improvement of the Urban Poor (LIUPC) Project, financed by the UK Government together with the government of Bangladesh and implemented by the United Nations Development Program (UNDP). UNDP Resident Representative Sudipto Mukerjee, Chattogram City Corporation (CCC) Mayor Rezaul Karim Chowdhury, Cox’s Bazar Municipality Mayor Mu...

As darkness descended in the evening, there was an eerie atmosphere created by the buzzing sounds of insects. Such a scene was prevalent on the road for about 16 kilometers of Kushtia Sadar Municipality. But that has now been replaced by solar panel lamp posts. Locals and pedestrians are benefiting from the lights. Streets are being illuminated by solar lights. As a result, even if the power goes out, the street lights do not go out. People are benefiting by using solar energy to produce environmentally friendly and sustainable electricity. On 2015 climate conference in Paris, the United Natio...

The Nepal government is planning to export electricity to Bangladesh by using Indian territories. This will become possible only after the country establishes a power link with Indian state of West Bengal (WB). Nepal currently has cross-border transmission traces with states Bihar, Uttar Pradesh and Uttarakhand in India. Efforts are underway for a feasibility test on establishing a cross border transmission line between Nepal and WB following the high-level conferences on bilateral power sector cooperation held in Kathmandu on 23-24 February. According to Nepalese officials, transmission conne...

The government has re-fixed the duration of Compressed Natural Gas (CNG) filling stations closure and decided to keep the stations closed for five hours across the country during the peak-hour of power production from 6pm to 11pm every day. The CNG stations across the country have been requested to keep closed during the period, said a Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) press release. Vigilance teams of the gas distribution company will regularly monitor to implement the decision, the release said, warning that legal actions will be taken under the Bangladesh Gas Act 201...

Two Bangladeshi power companies — United Group and Confidence Group — have shown interest in investing in Nepalese hydropower as the government has opened up to electricity import from the Himalayan country. “We have sought current payment security and fluctuation security on power tariff initially,” a top official of one of the private investors said. He also said the Power Division has asked the Bangladeshi power producers to submit a detailed proposal to invest in Nepal. Power Cell Director General Mohammed Hossain said United Group and Confidence Group have shown their interest to invest i...

The unfortunate Russia–Ukraine war, entering the second week when this write up was prepared, has already caused crude oil prices in the global market to reach US$120 /Bbl. Analysts predict that in no time it would burst through US$150 even $200 if the USA-led Western allies impose a ban on Russian gas and oil. Till now the Western leaders were reluctant, but major buyers and refiners reportedly were already in a short of “self-sanctioning” mode. Analysts predict that not even the Iranian supply can replace it if Russian oil is lost even temporarily from the global market. Bangladesh relies ex...