PM for further review of draft coal policy

R Akter
Prime Minister Sheikh Hasina has asked the energy division to further review the draft coal policy, especially of the possible impact of mining on the people and environment.
The energy officials at a meeting with the PM recommended open-pit mining of the north side of the Barapukuria coalfield in Dinajpur, but Hasina said that [...]

Bill puts in Parliament on gas trading

ET Report
The government Tuesday put forward a bill in parliament for commercial handling of gas extracted from Bangladesh territory, including its offshore blocks. The put new law, if passed, would allow commercial bodies to construct domestic pipelines in designated areas for transmission, distribution, supply and storage of gas subjected to licensing by the Energy Regulatory [...]

PM promises end to power crisis by 2011

Staff Correspondent
Prime Minister Sheikh Hasina on Wednesday last said the country would get rid of power crisis by 2011 as 1,487MW of power will be generated and added to the national grid by then.
“Bangladesh will be self-sufficient in power by 2021 and 100 percent people of the country will get electricity facility according to the [...]

AES to sell stock, wind-power stake to CIC

ET Desk
AES Corp., the US power producer with operations in 29 countries, agreed to sell stock and a 35 percent stake in its wind-power business to China Investment Corp. for $2.2 billion to raise cash for expansion.
A CIC unit will buy 125.5 million in new shares for $12.60 each, or $1.58 billion, Arlington, Virginia-based AES [...]

$1b WB grants for power projects on condition of quickening reforms

ET Repot
The World Bank (WB) has agreed to extend financial assistance for 10 new power projects in Bangladesh with strings attached. The multilateral lender, in response to a request from the government to provide a loan of about $1.0 billion for the power projects to be set up mainly in southern and northern parts of [...]