No more waiting for coal policy: Muhith

Dhaka, Apr 23 (bdnews24.com) – The government is determined to set up coal-fired power plants to meet power demands and will wait no more on formulation of a national coal policy, the finance minister said on Thursday.
AMA Muhith said power generated from on-stream together with projects in the pipeline would not be enough to meet [...]

406 families to get resettlement at Baropukuria Coalmine area

R Akter

The eight-member committee recommended appointment of a surveyor firm to determine the quantum of compensation to be given to the people in the Baropukuria Coalmine Project area in Dinajpur for their resettlement. The committee is, however, yet to assess the size of compensation for the affected families as it will need time.
The committee submitted [...]

Petrobangla to seek govt directive for PSC extension

Petrobangla to seek govt directive for PSC extension

ET Report
Petrobangla will seek directives from the government by this week on whether it will extend the production sharing contract for block 17 and 18 with two minor partners of the blocks after three major partners withdrew from the blocks, officials said.
Two small US companies, Oakland and [...]

PM wants assistance for offshore gas exploration

PM wants assistance for offshore gas exploration
R Akter
Prime Minister Sheikh Hasina said Bangladesh needs foreign assistance in offshore gas exploration, setting up of hydroelectric plants and solar energy. The foreign assistance is very much needed to fulfill its growing demand of energy,” Sheikh Hasina told British High Commissioner to Bangladesh Stephen Nicholas Evans when he [...]

Analysts warn of ‘bearish outlook’ in coal industry

alysts warn of ‘bearish outlook’ in coal industry

 

ET Report
After individual companies announced cost or production cutbacks in the first week of December, industry analysts said that the coal producers’ fortunes are clearly heading downward.
In a December 4 update, Friedman Billings Ramsey coal analysts David Khani and Luther Lu warned, “Cuts are coming.” Foundation Coal, [...]

Customers oppose power price hike

R Akter

 
 

The customers opposed a proposal Wednesday to hike the power price of Dhaka Power Distribution Company Limited in a public hearing at Bangladesh Energy Regulatory Commission (BERC) office.DPDC proposed to increase the electricity price from 10 percent to 14.77 percent in last November.
BERC chairman Ghulam Rahman told they heard the opinions of the customers [...]

Power agencies asked to give prior notice of load-shedding

 
 

The power and energy ministry last week asked the power agencies to give prior notice to residents of urban areas when load-shedding will take place.
Power agencies like the Dhaka Power Distribution Company and Dhaka Electric Supply Company will publish advertisements in newspapers to inform residents when the load-shedding will take place, decided a ministry meeting.
The [...]

Govt to cut LPG, furnace oil prices by 13-15 pc

Govt to cut LPG, furnace oil prices by 13-15 pc
ET Report

 
 

Bangladesh Petroleum Corporation (BPC) has taken a decision to decrease the prices of liquefied petroleum gas (LPG) and furnace oil. The cut in price is likely to be, which it produces, by 13-15 per cent.
The BPC submitted an application to the Bangladesh Energy Regulatory [...]

BGMEA demands smooth power supply to RMG factories in Chittagong

 

ET Report
Bangladesh Garment Manufacturers’ and Exporters Association (BGMEA) submitted a memorandum to the chief engineer of Power Development Board, Chittagong and demanded an end to the severe load-shedding to the garment industries in the port city.
A BGMEA delegation comprising its first vice president Nasir Uddin, directors Abdul Mannan Rana and Mohammad Hasanuzzaman and former director [...]

Oil prices up in Asian trade

ET Report
Oil prices rebounded in Asian trade Thursday as the market awaited the Opec cartel’s decision on output cuts, analysts said.
New York’s main futures contract, light sweet crude for April delivery, gained 62 cents to 42.95 dollars a barrel after sliding 3.38 dollars in US trade Wednesday.
Brent North Sea crude for delivery in April rose [...]