CATEGORIES

EIF Supports Zencap Asset Management in Final Closing of Sustainable Transition Fund, Raising €255 Million

The European Investment Fund (EIF) is announcing its investment of €75 million under InvestEU in Zencap European Sustainable Transition II (ZEST II), a private debt fund dedicated to mezzanine financing for energy transition projects throughout Europe.

Major Indian Solar Panel Maker Dazzles in Market Debut

India's top solar module producer Waaree Energies shone on its market debut recently after raising $514 million, as traders bet on increased global demand for clean energy components.

Bangladesh Introduces 10-Year Tax Exemption Plan for Renewables

Bangladesh has unveiled a 10-year tax exemption package for renewable energy projects. The new tax breaks will apply to power plants that begin commercial operation between July 1, 2025, and June 30, 2030.

Mission Green Bangladesh Receives PMI Social Impact of the Year Award

As recognition for its exceptional contribution to social project management in both public and private sectors, the environmental and volunteer organization Mission Green Bangladesh has been awarded the PMI Social Impact of the Year Award 2024.

BEZA May Build Solar Parks in Mirsharai EZ

The Bangladesh Economic Zones Authority (Beza) is considering utilizing unused land to establish solar power parks at the Mirsharai Economic Zone in Chattogram, the largest industrial enclave in the country.

CA Seeks Robust Saudi Investment in Bangladesh

Chief Adviser Professor Muhammad Yunus recently urged Saudi Arabia to invest more in Bangladesh as he sought enhanced energy and economic cooperation to boost ties between the two friendly nations.

Global Atomic Quiz on November 10

In celebration of World Science Day, Rosatom’s international project Global Atomic Quiz 2024, was held on November 10.

2 Units of Matarbari Power Plant Go Offline Amid Coal Shortage

The power generation of the two units of the Matarbari 1,200MW coal-fired plant in Moheshkhali upazila of Cox's Bazar has been stopped due to a shortage of coal.

Scrapped FSRU Project may Get New Life under Fresh Move

After scrapping a deal signed by the previous government with the local Summit Group, the interim government has now taken a fresh move to build a new floating LNG terminal of a similar type at the same site on the Moheshkhali island, said sources.

Rosatom Manufactures Nuclear Fuel for Bolivian Research Reactor

Novosibirsk Chemical Concentrates Plant, an enterprise of Rosatom’s nuclear fuel division has completed the manufacture of nuclear fuel for the initial loading of an under-construction research reactor in Bolivia.

IAEA Elevates Rosatom Technical Academy's Collaborating Center Status

Rosatom Technical Academy and the International Atomic Energy Agency (IAEA) signed an agreement to extend the Academy’s status as an IAEA Collaborating Centre in nuclear knowledge management and human resources development.

Govt Plans to Raise Daily Gas Production by 648 mmcfd by 2025

The interim government has planned to increase gas production by 648 million cubic feet per day by December 2025 through the installation and workover of 50 wells.

Mega Power Deals Must be Amended

The mega power purchase agreements signed for the Rooppur, Matarbari, Payra and Adani power plants by the immediate past Awami League regime must be scrutinized and amended, said the National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports.

Chevron's Q3 Earnings Down $2.0b

Chevron Corp. had third-quarter 2024 earnings of $4.5 billion, down from $6.5 billion in the same quarter of 2023.

QatarEnergy Inaugurates Four LNG Carriers

QatarEnergy held naming ceremonies to inaugurate four of the dozens of conventional-size LNG vessels it had ordered from South Korean builders.

RNPP: Start-Up Standby Boiler Room Starts Functioning

The first ignition to supply process steam began at the start-up standby boiler room at Rooppur Nuclear Power Plant.

Ship Gas to Bangladesh without Payment Worries: WB to Global Suppliers

The World Bank will assist Bangladesh in securing energy from global sources and managing outstanding payments, said its Country Director for Bangladesh and Bhutan, Abdoulaye Seck.

LPG Price Almost Unchanged for November

The price of liquefied petroleum gas (LPG) remains almost the same for November.

Diesel, Kerosene Prices Cut for November

The government has reduced diesel and kerosene prices by Tk 0.50 per liter for November while petrol and octane prices will remain the same.

27th AGM of IDCOL Held

The 27th Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on 06 November 2024 at its Board Room in Dhaka.

Govt Plans to Drill 19 More Gas Wells in Bhola by 2028

Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan recently said the government has a plan to drill 19 more natural gas wells in Bhola by 2028 as part of intensifying the country's gas production efforts.

Bids Invited to Import Two More Spot LNG Cargoes

State-run Rupantarita Prakritik Gas Company Limited (RPGCL) floated tenders to purchase two more spot LNG cargoes for December 4-5 and December 7-8 delivery windows, a senior RPGCL official said recently.

Two Killed, 7 Hurt in CNG Filling Station Blast

Two people were killed and seven injured in a gas explosion at a CNG filling station in Mymensingh city's Rohmotpur area recently.

Petrobangla Signs MoU with JU, SUST for Research Work

Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has signed two separate memoranda of understanding (MoU) with the Geology Department of Jahangirnagar University (JU) and the Petroleum and Mining Engineering Department of Shahjalal University of Science and Technology (SUST) for research work through sharing information.

Exxon CEO on US Election: 'Not Sure How 'Drill, Baby, Drill' Translates into Policy'

The outcome of the US presidential election on Nov. 5 won’t affect oil production levels in the short to medium term, Exxon CEO Darren Woods said recently.

JERA Completes Share Purchase in Scarborough Gas Venture

Woodside Energy has transferred a 15.1% interest in the Scarborough joint venture (JV) offshore/onshore Western Australia to Japanese power utility JERA for $1.4 billion.

Saudi Aramco Says Quarterly Profit Drops 15% on Low Oil Prices

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third-quarter profit, citing low oil prices.

Bangladesh Needs Smart Grid System to Keep Power Supply Stable: Energy Adviser

Energy Adviser Dr Muhammad Fouzul Kabir Khan has said the power transmission system has been facing new kinds of challenges as electricity consumption has radically changed over the years.

Khulna Power Shuts Down Plants for Deal Uncertainty

Khulna Power Company Ltd (KPCL) has announced the shutdown of its 115MW KPC Unit II plant in Khulna and the 40MW Noapara plant in Jashore, citing uncertainty over power purchase agreements (PPAs) with the Bangladesh Power Development Board (BPDB).

Mitsubishi Power Receives Order for Facility Retrofit at Darajat Geothermal Power Plant in Indonesia

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received a turnkey contract from Star Energy Geothermal Darajat II, Limited (SEG), a geothermal power producer in Indonesia, for the retrofit of Unit 3 at its Darajat Geothermal Power Plant in Java.