Islamic Bond to Get 9-Month Extension for Power Investment

19th October 2017
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The government is likely to extend the time limit for using Islamic bond in power sector to a 9-month period with a view to injecting more funds for generating 60,000MW electricity by 2040.

‘Power Shortage, Poor Infrastructure Major Hurdles to Investment’

19th October 2017
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Business leaders at a meeting recently identified poor infrastructure and power shortages as some of the major obstacles investors

Land Dev Work for Matarbari Power Plant Begins

19th October 2017
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Coal Power Generation Company Bangladesh Limited (CPGCBL) has kicked off a $ 400 million land development work at Matarbari in Cox's Bazar recently for construction of 1,200MW Matarbari coal-fired power project.

Reliance Sells US Shale Asset for $126m

19th October 2017
0

Indian oil-to-telecoms conglomerate Reliance Industries Ltd has agreed to sell a shale oil and gas block in the United States for $126 million, a third of the price it paid seven years ago, amid a downturn in global oil prices.

Japan's Denso Unveils $1b Investment in US for Electric Cars

19th October 2017
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Japanese auto supply giant Denso announced plans recently to invest $1 billion to expand its US operations to focus on technology for automotive safety and electric vehicles.

Contractor Starts Pipeline Routes' Survey for SPM

19th October 2017
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China Petroleum Pipeline Bureau (CPPB) has started surveying the pipeline routes to initiate construction of the country's first single-point mooring (SPM) and associated facilities, said officials.

NRL Dispatches Diesel to BD

19th October 2017
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An export consignment carrying 2,283 MT (metric tonnes) of Gasoil (Diesel) was dispatched by Numaligarh Refinery Limited (NRL) to Bangladesh.

Apparel Makers Want Smooth Supply of Energy at Predictable Rates

19th October 2017
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Apparel manufacturers and stakeholders concerned have urged the government to ensure smooth supply of energy at rates with long-term predictability for further growth of the country's textile and clothing sector.

BD Set to Pour First Concrete into Rooppur N-Plant

19th October 2017
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The government is set to pour first nuclear concrete into the Rooppur nuclear power plant (RNPP) project this month after ending the pre-construction phase, said officials.

Army, Navy to Build Two Oil Pipelines

19th October 2017
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The government is set to award contracts for building two major onshore oil pipelines to army and navy for smooth and cost-effective implementation of the projects, said officials.

Businesses Eye Bonanza as 15pc VAT on LPG Cylinder Import Waived

19th October 2017
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The government has waived the 15 per cent value-added tax (VAT) on LPG-cylinder import, prompting businesspeople to eye a boost in consumption and business of the gas.

Chevron May Miss Target to Close Sale of Bangladesh Gas Fields

19th October 2017
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Chevron Corp may miss its mid-October target for closing the agreed $2-billion sale of its natural gas assets in Bangladesh to a Chinese consortium

BNP Urges Govt Not to Increase Power Tariffs

19th October 2017
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The government is trying to hike the price of electricity but it will adversely affect the country's people and economy, said BNP recently.

Putin Opens Talks with Saudi King at the Kremlin

19th October 2017
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Russian President Vladimir Putin and Saudi Arabia's King Salman recently opened talks in the first official visit of a Saudi monarch to Russia that's expected to focus on oil and the war in Syria.

ABB Splashes $2.6 bn on GE Industrial Solutions Acquisition

19th October 2017
0

Global energy technology giant ABB has acquired GE’s Industrial Solutions arm in a multi-billion-dollar deal designed to strengthen its grip on the worldwide electrification market.

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