Asifur Rahman

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.

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.

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.

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.

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.

With the weather getting warmer, power crisis is growing across the country and some rural areas have been experiencing prolonged loadshedding since last week.

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.

Bangladesh’s access to cheap loans is closing in with its rising per capita income, making foreign borrowing costlier.

Bangladesh will end up with surplus LNG regasification capacity by the end of this decade, said the UK-based BMI Research -- a development that will ultimately cost the exchequer in fees similar to capacity charges for power plants.

The government is likely to stop new gas connections to industries save for eight “economically vital” ones under a forthcoming regulation.

The government is continuing to ramp up the power generation capacity even though the electricity demand did not increase as per projection, putting an additional price burden on consumers, said energy experts.

Gas scarcity is likely to continue till April despite the government’s repeated assurance of scaling up gas supply during Ramadan and the irrigation season as one of the two Floating Storage and Regasification Units (FSRU) will take longer to complete maintenance works.

Petrobangla yesterday floated the offshore bidding tender inviting international oil and gas companies (IOCs) to explore Bangladesh’s maritime area in the Bay of Bengal.

Mymensingh and Cumilla cities go to polls today to pick their mayors and councillors, just two months after the Awami League formed a new government.

The government is going to start implementing the newly-formulated mechanism for setting fuel prices in line with global market rates by the end of this month and officials of the energy and finance division believe prices may reduce after the first adjustment.

Power generation not growing in line with forecasted spike in demand, leaving people staring at frequent and extended power cuts.

Foreign loan repayment, which was hovering around $3 billion since fiscal 2012-13, crossed the $4 billion-mark for the first time last fiscal year on the back of high interest payments and short-term loans in the power and energy sector.

The state-owned Eastern Refinery (ERL) is likely to build its long-planned second unit in partnership with Chattogram-based conglomerate S Alam Group after previous attempts to expand the country’s oil refining capacity fell through because of a lack of financing.

In Banasree, on any given morning, if you find yourself walking past a newspaper stall that has been left unattended, don’t be surprised. Just pick up the newspaper or magazine that you want, put the money in the box that’s kept nearby, and you are on your way.

In Banasree, on any given morning, if you find yourself walking past a newspaper stall that has been left unattended, don't be surprised. Just pick up the newspaper or magazine that you want, put the amount of money that it's worth in the box that's kept nearby, and you are on your way