Ambassador and Head of Delegation of the European Union to Bangladesh Charles Whiteley today said energy storage is a key instrument to reach Bangladesh's ambitious "decarbonisation" goals to ensure a reliable and uninterrupted power supply for all.

Electricity will be purchased from India's Adani Godda Power Plant as per the Power Purchase Agreement (PPA), said Nasrul Hamid, the state minister for power, energy and mineral resources.

The Infrastructure Development Company Limited (Idcol) is all set to get €140.5 million from German Development Bank Kreditanstalt fur Wiederaufbau (KfW) -- €41 million for energy efficiency and €99.5 million for renewable energy projects.

The start of power supply from the embattled Adani Group's thermal power station in Jharkhand's Godda district, from where electricity is supposed to be transmitted to Bangladesh, may be delayed, Indian media reported today.

Bangladesh would hardly have needed to go for a sudden hike in fuel prices last year had the government waived value added tax (VAT) on petroleum, Eminent Economist Wahiduddin Mahmud said today.

Price of Liquefied Petroleum Gas (LPG) has been substantially hiked by Tk 22.15 per kg to Tk 124.85 from the previous price of Tk 102.70 for the month of February.

An Indian civil rights group has moved the Calcutta High Court against the installation of transmission lines by an Adani Group-owned power plant that will bring electricity to Bangladesh.

Bangladesh has resumed the purchase of liquified natural gas from the international spot market after a pause of seven months as the government looks to ensure adequate supply for energy-starved industries to keep the economy running at a good speed.

Dhaka has urged Riyadh to consider supplying crude or refined oil from Saudi public oil company Aramco on a deferred payment basis.

The government yesterday increased the electricity price once again by 5 percent at the retail level -- the second hike in 19 days as it steadily retracts subsidies from the power sector while piling the burden on common people already struggling with inflation.

"The fuel prices in the international market have increased drastically as such there is no alternative to adjusting prices."

The retail price of electricity will be raised by five percent for the second time in less than a month.

Bangladesh is among the nine special invitees which will attend the first G20 Energy Transition Working Group (ETWG) meeting to be held under India's presidency in Bengaluru from February 5-7, 2023.

The Bangladesh Energy Regulatory Commission (Amendment) Bill 2023 was passed in parliament today paving the way for the government to adjust the prices of gas and electricity without a public hearing.

The financial loss of the state-owned Bangladesh Power Development Board (PDB) is likely to cross Tk 54,000 crore in the current fiscal after the hike in the price of gas increased their input cost.

State-run Titas Gas Transmission and Distribution Company Ltd yesterday said its profit dipped 13 per cent year-on-year in the first six months of 2022-23 fiscal year, despite it posted higher earnings in the second quarter.

The business leaders are scheduled to sit with Prime Minister Sheikh Hasina soon to review gas and power prices, as they are facing difficulties because of the high prices of the two, Commerce Minister Tipu Munshi said today.

A new well has been found at Bhola North Gasfield with the potential to produce 20 million cubic feet (mmcf) of gas a day, according to a statement from the Ministry of Power, Energy and Mineral Resources.

The Consumers Association of Bangladesh (CAB) today submitted a petition, signed by 25,720 persons, urging the energy ministry for not signing the Energy Charter Treaty as the signing of the treaty will affect the public interest and the nation’s energy sector.

As part of the long-term master plan for the power sector, the government has been working to implement the plan in phases to generate 40 percent electricity from clean energy by 2041.