Government subsidy of up to Tk 75 crore a year, meant to support LP gas (cooking gas) consumers, is being eaten up by a few middlemen for years. Though these middlemen (dealers) are thriving at the expense of taxpayers’ money, the government has done little in the last five and a half years to correct the price of the Bangladesh Petroleum Corporation (BPC)-produced liquefied petroleum gas in line with the market rate, reports the Daily Star. State-owned BPC sells a 12.5kg LP gas cylinder for Tk 700, while pr...

To bolster bilateral energy ties, Bangladesh has suggested setting up of a thermal power plant through a joint venture in India. In this regard, Bangladesh has proposed that a coal block could be allocated to the joint venture entity while power generated from the plant could be supplied to Bangladesh. The proposed plant would be on the lines of 1,320 MW thermal project in Rampal- being jointly developed by NTPC and Bangladesh Power Development Board (BPDB)- in the neighbouring nation. "We have proposed that if we are given a coal block (by the Ind...

Energy Advisor to the Prime Minister of Bangladesh, Dr. Tawifq-e-Elahi Chowdhury, BB, met Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Prahdhan, on Wednesday. Both sides discussed the need to greatly enhance cooperation in the Oil and Gas Sector to the mutual benefits of people of the two countries. Shri Pradhan requested cooperation from Govt. of Bangladesh for materialization of Indo-Bangla product pipeline from Siliguri to Parvatipur, which is...

Bangladesh will start to buy gasoil from the Turkish Petroleum International Company in 2015 for the first time to meet its growing demand for fuel. Bangladesh will start to buy gasoil from the Turkish Petroleum International Company in 2015 for the first time to meet its growing demand for fuel. Turkish Petroleum International Company is to supply Bangladesh with 60,000 tons of gasoil in 2015 for the first time to meet the growing demand for fuel in the country, the chairman of the state Bangladesh Petroleum Corp (BPC) said Dec. 7. ...

Wellington technology company Abbey Systems has begun delivery of an $8m project that will supply a smart meter system to the Bangladesh Power Development Board (PDB). The project is the second big win for Abbey Systems in Bangladesh, having successfully completed a $6.4m contract to provide a system to remotely monitor and control 34 electricity substations in the Chittagong region awarded in 2011. Managing Director Lester Abbey, who founded the Wellington based company in 1978, says that one ...