Fast-Track Power Plants Stumble
All the five fast-track diesel-fired power plant projects in private sector failed to come into operation, making the government’s plan uncertain to add 800 MW of electricity to the national grid by February 9.
BD Seeks $ 1.37b from India for Three Projects Under LoC-III
Dhaka sent three project proposals to New Delhi recently for getting endorsement of receiving nearly US$1.37 billion fund from the third phase of India's US$4.5 billion Line of Credit (LoC-III), officials said.
Govt to Appoint 30 Cos to Source Spot LNG
The government will sign LNG import deals with 30 global suppliers to source the 'expensive' fuel from spot market.
Global CO2 Emissions to Peak by 2040
Exxon recently also published its annual outlook for energy demand. In that report, the company does not take into account a scenario to limit temperature rise and projects energy supply and demand rising for the foreseeable future.
Govt Inks Deal with OTI to Import LNG
The government has signed a deal with state-run Oman Trading International (OTI) to import around 1.0 million tonnes of LNG annually for the next 15 years.
Govt Signs Deals on 144 Power Plants in Nine Years: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid recently said the government signed agreements for setting up 144 power plants having 21,659-megawatt (MW) generation capacity in the country from 2009 to December 2017.
Aramco, Petronas Set to Raise $8b Loan for Malaysian Refinery
Saudi Aramco and Malaysia’s state-held oil firm Petronas are close to signing a deal to take an US$8-billion loan that would partly finance the construction of their joint refining and petrochemical complex in Malaysia, according to a report.
Exxon Sees Global Oil Demand Plunging by 2040
Exxon Mobil Corp said recently that it expects global oil demand to drop sharply by 2040 if regulations aimed at limiting the impact of greenhouse gas emissions on climate are fully implemented.
BPC Suffers Tk 5.0b Loss in Last Three Months
Bangladesh Petroleum Corporation (BPC) has incurred a loss of over Tk 5.0 billion in fuel oil trading over the past three months to January as the price of the petroleum products in the international market continued upward trend, officials said.
Primary Textile Sector Facing Gas, Power Shortages: BTMA
Shortage of gas, electricity and land has slowed down the growth of investments in the country's primary textile sector during a couple of years, BTMA leaders claimed recently.
Govt to Build 163 MW Plant for Mirsarai EZ
The government will build a 163 megawatt (MW) dedicated power plant for Mirsarai Economic Zone (MEZ) to supply electricity to the industrial units to be set up there.
Chevron Reports Annual Earnings of $9.2b
Chevron Corp. reported earnings of $3.1 billion for fourth-quarter 2017 compared with $415 million in fourth-quarter 2016.
Gas Supply to Soar by 500 mmcfd from Apr
The country's gas supply is likely to increase by 500 million cubic feet a day (mmcfd) from April this year amid an apprehension that there might be a substantial rise in price for consumers.
Public-Sector Power Plant Projects Facing Delay
Implementation of at least 10 medium and large power projects, mostly in the public sector, is being delayed due to poor project monitoring.
Japan Offers Assistance in Energy Sector
Japan is keen to continue cooperation with Bangladesh in various sectors, including power and energy.
Dhaka, Jakarta Sign Five Instruments
Bangladesh and Indonesia signed recently five instruments for boosting cooperation in different sectors including trade, diplomacy, fishing and energy between the two countries.
Work Begins on 1200 MW Matarbari Plant
Prime Minister Sheikh Hasina laid recently the foundation of the 1200 MW Matarbari plant, regarded as a flagship project for being an "ultra super critical coal-fired power" plant to be installed at a cost of Tk 360 billion.
Unique Hotel to Get 600MW Power Plant Job
The government is likely to allow Westin Dhaka Limited sponsored Unique Hotel and Resorts Limited for setting up an LNG-fired power plant at Meghnaghat in Narayanganj. The plant will have a capacity to generate 600MW of electricity.
Bapex Starts Production in Bhola on Trial Basis
Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) has started production of gas on an experimental basis from a newly found field in Bhola, officials confirmed recently.
Paramount to Build 200MW Plant
Paramount BTrac Energy Consortium is going to set up a 200-megawatt power plant in Sirajganj.
Thailand to Host SETA 2018 Next Month
An energy technology conference with exhibition will be held in Bangkok, Thailand next month, aimed to present upcoming innovative renewable energy solutions.