Summit’s big power projects in limbo
By: Sharier Khan The fate of two large gas-fired private power projects — Bibiyana-1 and 2 — has become uncertain as the contractor, local company Summit, could not yet arrange finance for those and neither will it give up trying.As per the agreement with the government, Summit was supposed to close its finance in February [...]
There is something very puzzling about the electricity situation in the country. The government claims to have tremendously improved the situation during the last three years. But the severity of load shedding with the onset of summer conditions and the unprecedented decision to cut electricity supply to the nation’s industries for 12 hours a day [...]
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Dhaka, Mar 29 (bdnews24.com) –The government has decided to observe Earth Hour on the last Saturday of March to encourage households and businesses to switch off non-essential lights to save energy. Bangladeshis will join hundreds of millions of people, businesses and governments around the world to support the largest environment event in history to raise [...]
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The government on Thursday increased electricity price by Tk 0.28 per unit for bulk users and Tk 0.30 per unit for retail users for the second time this year. The new rates of power are effective from March 1, 2012. Bangladesh Energy Regulatory Commission Chairman Syed Yusuf Hossain made the announcement at a press briefing [...]
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By: Shamim Jahangir China Zhongyuan Trading Limited (CZTL), a Hong Kong-based company, has shown interest to install two power plants- one gas-fired and another coal-fired- with generation capacity of 950 megawatt (MW) of electricity in Bangladesh through mutual understanding. Zhang Zai Tao, the general manager of the company, recently sent a letter to Prime Minister [...]
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Bangladesh will follow a formula for adjusting tariff from time to time for power import from India, instead of fixing a permanent rate. A power purchase agreement (PPA) to be signed between Dhaka and New Delhi will provide for this. The cabinet committee on economic affairs yesterday approved the PPA at a meeting chaired by [...]
Continue reading …By: Staff Correspondent The government will purchase 150-megawatt of electricity from two commercial power plants subject to required approval from the cabinet committee on the economic affairs. The power division will place a proposal before cabinet economic affairs committee today in this regard, a senior official of the power division said. The division has already [...]
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Bangladesh has signed a deal with India in New Delhi Tuesday to import 250MW of power. . “Every unit of power would cost Tk 4 according to the agreement,” Bangladesh’s power secretary Abul Kalam Azad told the media on the signing of the deal over telephone from New Delhi. “The work is going on to [...]
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Bangladesh will propose to install joint venture (JV) power projects in North-Eastern states of India, a top official of the Power Division said. “We will propose to install JV power projects in India during the two-day bilateral meeting with the India, starting on Monday in New Delhi,” Power Division Secretary Md Abul Kalam Azad told [...]
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Even 20 months after a major gas-fired power plant in Ghorashal went out of order due to negligence of its technicians, the Power Development Board (PDB) could not select a contractor to repair it due to a slow bidding process and change of decisions. The damage of the 210 megawatt plant in July 2010 worsened [...]
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Summit Power, a local power producer has signed a contract with GE Energy Products France SNC and NEPC-CNEEC to implement Meghnaghat 335MW dual-fuel (gas and oil) power project by 2013. Faisal Khan, the director of Summit Power and Lui-Yan-Bing, vice- chairman of the company, have signed the contract at a local hotel on Thursday. Dr [...]
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Aminul Islam Akanda System dynamics of non-sustainability of modern society due to depletion of resources is analysed in a famous book, ‘The Limits to Growth,’ published by the Universe Books in 1972. It shows how the output growth is related to the availability of resources. Both the food and industrial output of the [...]
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