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.
Bu hikaye Energy & Power dergisinin EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Energy & Power dergisinin EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Govt to Buy Two Cargoes of LNG from Spot Market
The advisory committee on government purchase has approved the import of two cargoes of liquified natural gas (LNG) from the spot market.
Price of LPG 12kg Cylinder Rises by Tk 45
The price of liquefied petroleum gas has risen by nearly Tk 3 per kg in October in Bangladesh in line with rising prices on the international market.
KrisEnergy, Bangladesh Holds Session on Gas Gun
As part of the initiative of the Southeast Asian Petroleum Exploration Society (SEAPEX), KrisEnergy, Bangladesh has arranged two sessions and the third session was held recently.
Palki Motors Accepted into Accelerator Asia's Cohort 10 with $100,000 Impact Investment
Palki Motors Pte. Ltd., a purpose-driven electric vehicle manufacturer committed to transforming commercial mobility, announced its acceptance into South Asia’s largest pre-Series A accelerator, Accelerator Asia, as part of Cohort 10.
RNPP Biggest White Elephant of Former Govt: Prof Mainul
Economist Dr Mainul Islam said Rooppur Nuclear Power Plant (RNPP) is the biggest white elephant of the former government.
Explosion at Ctg Oil Tanker: Two Bodies Recovered
Two bodies were recovered from crude oil tanker \"Banglar Jyoti\" hours after a fire broke out following an explosion on the ship's bow recently.
Farzana Mamtaz New Power Secretary
The government has promoted additional secretary Farzana Mamtaz to the post of secretary.
Denmark Keen to Invest in Bangladesh's Offshore Wind Energy, Port
Denmark has expressed keen interest to invest into Bangladesh's port infrastructure and offshore wind energy as well as support to further development of the pharmaceutical sector.
Norway's Offshore Discoveries Deliver Swift Payback
E&P companies spent about NOK660 billion ($62.5 billion) exploring for oil and gas on the Norwegian Continental Shelf between 2004 and 2023, according to the Norwegian Offshore Directorate (NOD).
OPEC+ Countries Keep Plans to Boost Oil Production from Dec: Novak
OPEC+ countries are currently keeping plans to ramp up oil production from December 2024 but will monitor the market situation, Deputy Prime Minister Alexander Novak told reporters. \"No changes have been discussed thus far,\" Novak said.