The anticipated financial relief for the sector was overshadowed by a nationwide students' job quota movement that intensified following the murder of a student, which diverted attention to political unrest and demands for the government's resignation, leaving the sector's financial crisis and future uncertain.
The power and energy sector has been one of the top discussion topics in the past couple of years. Despite having a huge power generation reserve margin, failure to generate the required power due to fuel shortage and payment of huge capacity charges has created a liquidity crisis for the Bangladesh Power Development Board (BPDB). It was expected that the finance ministry would increase allocation for the power sector in the first month of the new financial year. However, it was subsided by the students’ job quota reform movement that turned into a mass upsurge following the gruesome murder of Abu Sayeed, a student at Begum Rokeya University in Rangpur. The entire attention of the nation was diverted toward that direction and the movement eventually transformed into a one-point demand – resignation of Sheikh Hasina’s government. It has now become uncertain when and how the sector could overcome the huge debt burden.
Denne historien er fra EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) -utgaven av Energy & Power.
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Denne historien er fra EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) -utgaven av Energy & Power.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Debt Liabilities Major Challenge Of Energy Sector
Bangladesh’s energy and power sector is on the verge of collapse due to mismanagement, poor governance, and misappropriation of money. Huge debt liabilities have created overburden.
LOOKING FORWARD TO A NEW-LOOK POWER AND ENERGY POLICY
For years energy experts had urged the now-ousted government of Sheikh Hasina to fix some grave wrongs committed in the power and energy sector. They were particularly critical of a black law passed in 2010 for quick power and energy generation bypassing any tenders.
Experts Meet as Final Global Plastic Treaty Talks Near
With months until crunch talks on the world's first binding treaty on plastic pollution, experts are meeting in Bangkok to discuss financing options and problematic plastics.
Environmental Activists Block Cruise Ship Arriving in Amsterdam
Environmental activists tied themselves to a lock recently at the Port of Amsterdam to prevent the arrival of a cruise ship, according to the port and the climate group.
ADB to Help Bangladesh in Low-Cost River Cleaning Projects: Rizwana
Syeda Rizwana Hasan, advisor for Environment, Forest, and Climate Change, recently said the Asian Development Bank (ADB) will assist Bangladesh in implementing low-cost river-cleaning projects in important rivers, particularly Buriganga, Turag, and Balu.
Combining Climate Measures Key to Slashing Emissions: Study
Amajor new study published recently on the effectiveness of climate measures such as taxes or subsidies in reducing greenhouse gases has found standalone measures fail to make a big difference.
Environment Adviser Urges Doubling of $100b for Climate Financing
Syeda Rizwana Hasan, adviser on Environment, Forest, and Climate Change, has called for doubling the US$100 billion in climate financing to address the growing needs for environmental conservation.
Australia Approves US$13.5b Project to Export Solar Power to Singapore
Australia said on Aug 21 it had given the go-ahead for a A$20 billion (US$13.5 billion) solar project that plans to ship energy from a giant solar farm in the country's north to Singapore through a 4,300km undersea cable.
ABB Delivers Automation Solutions for 10GW of Renewables in India
ABB has delivered an automation solution for 10 GW of renewable energy plants in India. Starting with a 100-MW project about seven years ago, the company has reached the 10 GW milestone with more than 300 renewable energy projects across the country using its Internet of Things (IoT)-based PLC solution.
Summit Reviewing Cross-Border Power Deals after India Rule Change
Bangladesh's Summit Group plans to renegotiate preliminary deals to import renewable power from India after a recent rule change by New Delhi allowed generators that exclusively export their electricity to sell locally, the utility's chairman said.
