The government is going to set up a 60MW solar power project at Raozan in Chittagong in the private sector. Once implemented, officials said, state-owned Power Development Board (PDB) will purchase electricity from the private sector ‘solar park, UNB reports. “This will be the country’s largest ever single solar project with the highest capacity,” Power Division Joint Secretary Siddique Zobair told UNB. So far, the highest capacity of solar project is of 3MW in Jamalpur. Another solar project of 30MW capacity is now under the process of i...

The government has proposed Tk 9,400 core as subsidy to the power and energy sector for the next fiscal (2014-15). This amount was shown in the budget document as “net lending” to Power Development Board (PDB) and Bangladesh Petroleum Corporation (BPC), both state-owned entities. Official sources at the Power and Energy Ministry said the government provides subsidy to the power and energy sector though a credit programme to keep pressure on the state entities to pay back the amount. They said another objective of such mechanism is to show the amoun...

Bangladesh has renewed its case for joining the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline by sending a delegation to meet with Turkmenistan’s oil ministry last week, Petrobangla Chairman Hussain Monsur said Wednesday. “We have conveyed our interest to join with TAPI as we are struggling to meet mounting natural gas demands with local production,” he said.