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Shahnaj Begum

Pak Deputy PM likely to arrive on Feb 5

BD is our "lost brother", Ishaq Dar

Shahnaj Begum

Pakistan Deputy Prime Minister and Foreign Minister Ishaq Dar is likely to visit Bangladesh on or after February 5 after ending his Malaysia tour from February 3-5.Ishaq Dar made this announcement at a press conference at Islamabad on Thursday; however, Dar's trip to Dhaka will be the first visit by any Pakistani foreign minister in ...

Govt policy throws spanner in renewable energy projects, private sector growth

Shahnaj Begum

The government new policy has thrown an axe in implementing renewable energy projects and private sector's growth in the country as it failed to address the Implementation Agreement (IA) between the investors and the government entity.After seeing the new policy, the investors expressed their concerns to the authorities concerned twice saying that it is threatening ...

Petrobangla's proposed gas price hike raises concern among industries

Shahnaj Begum

Petrobangla has submitted a proposal to revise gas prices from Tk30.75 to Tk75.72 per cubic metre for industrial and captive power users, as it is a condition of the International Monetary Fund (IMF) for releasing the 4th tranche of the confirmed $4.7 billion loan before the national budget, despite strong opposition from various industrial bodies.Petrobangla ...

S Asian FMs meet in Bangkok on Dec 20 to discuss emerging situation in Myanmar

Touhid to attend the meeting

Shahnaj Begum

S Asian FMs meet in Bangkok on Dec 20 to discuss emerging situation in Myanmar

Southeast Asian Foreign Ministers will meet in Thailand on December 20 for talks to seek ways to resolve the Myanmar civil war that has engulfed most of the Southeast Asian countries since the military coup of February 2021.Bangladesh Foreign Minister Mohammad Touhid Hossain will join the meeting, according to Foreign Ministry sources."Initially, Bangladesh, India, China, ...

IMF suggests raising power tariffs, cutting subsidies

Shahnaj Begum

A visiting team of the International Monetary Fund (IMF) has suggested that the Power Division increase the electricity tariffs, especially for industrial uses.The third review mission of the IMF has kicked off its discussions with the interim government to get a fresh US$3.0-billion IMF loan in addition to its already-granted $4.7 billion under a credit ...

Petrobangla fails to attract int'l oil firms despite document revisions

Shahnaj Begum

State-owned oil and gas exploration company Petrobangla has failed to attract international oil companies (IOCs) to explore energy resources in Bangladesh's onshore and offshore blocks, despite revising the documents twice and extending the bid submission deadline once in line with the IOCs' requirements."Six companies initially purchased the bid. To make it more competitive, we extended ...

Indian FS Vikram Misri arrives today amid strained relations

Shahnaj Begum

Indian Foreign Secretary Vikram Misri arrives in Dhaka today (Monday) to kick off the first high-level trip from New Delhi after a massive uprising ended deposed Prime Minister Sheikh Hasina's 15-year rule on August 5.It is learnt that the Indian foreign secretary is likely to call on Bangladesh's interim leader and Nobel Peace laureate Muhammad ...

Power sector faces challenges as lack of auto-response technique drags on

Shahnaj Begum

Bangladesh's power sector is set to face huge challenges as more renewable power plants would come into operations whereas majority of the country's power plants does not have modern techniques to respond automatically with the variability of demand, experts' said."The situation would be more challenging when the mega Rooppur Nuclear power projects and other renewable ...

BD power sector at crossroads

BPDB fails to provide LCs over payment backlog to major power suppliers

Shahnaj Begum

Bangladesh power sector is at a critical junction as the BPDB has failed to provide requisite letter of credits (LCs) over payment backlog to the country's major power suppliers including 1,224MW S Alam-sponsored Banskhali plant and the 1,320MW Bangladesh-India joint venture plant at Rampal, 1,600MW Adani power plan, 1350 MW Bangladesh-China Power Company Ltd or ...

COP29: Bangladesh will push for full implementation of debt relief framework

Shahnaj Begum

Bangladesh will push for full implementation of debt relief frameworks, like the G20's "Common Framework," in upcoming COP29 summit to free up resources for climate action. Additionally, they will advocate for phasing out fossil fuel subsidies, potentially unlocking over $500 billion annually with other LDC's countries for adaptation and renewable energy."Since June, 2024, we are discussing ...