The Centre for Policy Dialogue (CPD), a think tank, on June 23, 2024 said that ongoing losses of the Bangladesh Power Development Board (BPDB) will increase by 196 percent to Tk 18,000 crore by 2025 due to government mismanagement.
Even after increasing electricity prices and government subsidies, the PDB will incur huge losses, said CPD.
Research Director of CPD, Dr. Khondaker Golam Moazzem, said this while giving a presentation titled 'Power and Energy Sector in the National Budget FY 2024-24, Challenges and Proposed Measures’, held at Mohakhali BRAC in the capital.
Independent MP AK Azad, Professor of Petroleum and Mineral Resources of BUET Dr. M Tamim, Rector of Bangladesh Power Management Institute Mohammad Alauddin, Director General of Power Cell Mohammad Hossain, Energy Advisor of Consumer Rights Organization CAB Professor Dr. Shamsul Alam, among others, spoke at the seminar.
Kuwait Announces Power Cuts as Demand Spikes in Summer Heat
Kuwait has announced temporary power cuts in some parts of the country during peak consumption hours, saying it is struggling to meet increased demand spurred by extreme summer heat.
In a recent statement, Kuwait's Ministry of Electricity, Water and Renewable Energy said the scheduled cuts would occur for up to two hours a day, in the first such step for the OPEC member state as climate change causes temperatures to rise.
It blamed the cuts on "the inability of power plants to meet increased demand" during peak hours amid "a rise in temperatures compared to the same period in previous years."
The ministry published a schedule of expected cuts across several parts of the country, after urging residents to ration consumption to ease the load on power plants.
Kuwait, one of the largest crude producers in the Organization of the Petroleum Exporting Countries (OPEC), is considered one of the world's hottest desert countries.
