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.

Chief Adviser Urges China to Relocate Solar Panel Plants to Bangladesh

Chief Adviser Professor Dr. Muhammad Yunus recently called upon China to relocate some of its solar panel factories to Bangladesh in an effort to boost the country's green transition and exports.

Power Outage Hits Rural Areas

The country, especially the rural areas, has been experiencing frequent power cuts recently due to insufficient electricity production from coal-based power plants, alongside the prolonged delay in increasing LNG regasification facilities.

BB Increases Foreign Currency Support for Energy Imports

Bangladesh Bank has increased its supply of foreign currency to the Energy and Mineral Resources Division to continue its import of petroleum fuels and gas from abroad and also from locally operating foreign companies.

Rooppur NPP Unit 2 Receives Delivery of Major Equipment

Transport Lock’’ a part of the nuclear fuel handling system for unit-2 of the Rooppur Nuclear Power Plant has been delivered to the construction site.

Nuclear Fusion Startups Usher in Next Era of Sustainable Energy Innovation: GlobalData

Nuclear fusion technology is rapidly advancing, bringing us closer to a sustainable, limitless energy source.

Challenges Of Energy Sector Reforms

The energy sector is now in total disarray. An evil syndicate of senior government policymakers and corrupt business groups through irregularities and corruption has created a complete mess.

CCDB Climate Center: Towards Resilience For A Climate-Sensitive Future

In the heart of Bangladesh's vigorous landscape, the CCDB Climate Center stands as an inspiration of innovation and hope, leading the charge in the fight against climate change. Established by the Christian Commission for Development in Bangladesh (CCDB), this innovative facility is the first in the nation, dedicated to fostering climate resilience and promoting sustainable and low-carbon development.

Reforming The Crippled Gas Sector

Undoubtedly, the energy situation in Bangladesh is in a crucial stage. The existing gas reserves are depleting rapidly while the demand is rising due to the country’s population, and economic and industrial growth. As per the Integrated Energy and Power Master Plan (IEPMP) 2023, the gas supply should grow at 1.5%, 2.6%, and 2.5% rates during 2019-30, 2030-40, and 204050 respectively to attain the county’s growth as per the Perspective Plan of Bangladesh 2021– 2041. However, Figure 1 shows that the annual average gas production from the domestic gas fields started to decline after reaching its peak in 2017.

Restructuring and Overhauling Gas Supply Chain Management

Ensuring a sustainable supply of primary fuel (gas, coal, and fuel oil) is a major challenge for Bangladesh’s energy and power sector. Since 2000, successive governments have failed to make a political decision to exploit discovered coal resources buried at mineable depths. The governments have also failed to carry out the required exploration of petroleum resources in onshore frontier areas.

Refreshing Energy Transition Strategy

Despite existing plans like the Energy and Power Master Plan 2023 IEPMP), renewable energy policy drafts, and the Mujib Climate Perspective Plan, questions arise about Bangladesh's need for a new energy transition roadmap. Experts express differing views: some suggest revising the IEPMP with real data, while others emphasize the urgency of a roadmap considering legal and investment issues. Another perspective suggests an energy strategy from the Ministry of Environment and Climate Change, aligning with national efforts for low-carbon development and netzero emissions.

Four Die from Electrocution Amid Waterlogging in Dhaka

Four people died due to electrocution amid heavy rains in different areas of Dhaka recently.

LPG Sales Witnessing Boom During Unrest

Sales of LPG (liquefied petroleum gas) witnessed a boom against the backdrop of the prolonged unrest affecting the country, taking advantage of the fact that prepaid and smart prepaid gas consumers are facing obstacles to recharging their balances.

BPC's Fuel Oil Supply Disrupted Amid Shutdown, Curfew

The supply of fuel oil has been severely disrupted across the country since Thursday due to complete shutdown enforced by protesting students of quota reform movement and subsequent unrest and curfew.

Tanker Carrying 1.4m Liters of Oil Capsizes in Manila Bay

A Philippine-flagged tanker carrying 1.4 million liters of industrial fuel oil capsized and sank off Manila recently, authorities said, as they sought to contain a spill stretching several kilometers.

Smartcard Holders Among Prepaid Consumers Face Trouble Recharging

The smart card-holding prepaid consumers faced trouble in making payments to buy electricity due to lack of mobile internet service which was shut down amid students’ job quota reform movement.

Nepal, India, Bangladesh to Sign Tripartite Power Trading Deal on July 28

Ground has been cleared for the three countries to sign the agreement on exporting electricity to Bangladesh, said Chandan Kumar Ghosh, spokesperson at Nepal Electricity Authority (NEA) the government-owned electricity body.

Global Coal Demand Set to Remain Broadly Flat Through 2025

Global coal demand is set to remain broadly un changed in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide.

Energy Security Possible Thru RE Integration

The country can strengthen energy security by integrating renewable energy sources and enhancing grid stability.

Indonesia to Build Solar Power Plant in Matarbari

Indonesia will build a solar power plant in Matarbari of Cox's Bazar in a joint-venture project which will generate 500MW of electricity adding it to the national grid.

China Building More Wind, Solar Capacity Than Rest of World Combined: Report

China is building almost twice as much wind and solar energy capacity as every other country combined, research published recently showed.