Islamic Bond to Get 9-Month Extension for Power Investment
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’
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
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
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
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
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
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
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
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
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
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
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
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
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
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.