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Energy

Bangladesh team visits WSU to expand expertise in electricity

A group from Bangladesh traveled halfway across the world to learn to better develop electrification in their country from Washington State University (WSU) experts in power engineering. “We are working for the villagers,” said Abdul Aziz, executive engineer with his country’s Rural Electrification Board (REB), whose members will spend several weeks in Pullman. “We are learning methods at WSU that will help us bring the villagers better service and an improved distribution system.” Bangladesh-tour-of-Avista-450

WB to provide $ 600m loan for Bangladesh rural power

Bangladesh will receive a US$600-million loan from the World Bank (WB) in order to improve electricity supplies to rural areas, in order to reduce poverty and create jobs, the mulitlateral lender said in a statement on Saturday. The loan was approved by the World Bank's board a day earlier. wbThe credits from the International Development Association (IDA), the World Bank's concessionary arm, have 40 years to maturity with a 10-year grace period and carry a service charge of 0.75 per cent. Mohammad Saiful Isla...

Japan plan keeps nuclear as key energy source

Japan unveiled its first draft energy policy since the Fukushima meltdowns three years ago, saying nuclear power remains an important source of electricity for the country. The draft presented Tuesday to the Cabinet for approval expected in March, said Japan's nuclear energy dependency will be reduced as much as possible, but that reactors meeting new safety standards set after the 2011 nuclear crisis should be restarted. [caption id="attachment_4454" align="alignleft" width="300"]Fukuhsima Dai chi nuclear plant

Indian co to explore in Bay of Bengal

ONGC Videsh Ltd (OVL) and its partner Oil India Ltd (OIL) have signed contracts to explore for oil and gas in two areas in Bangladeshi waters. An equal joint venture of OVL, the overseas arm of state owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh. “OVL along with OIL formed a consortium (50:50) and participated in the Bangladesh Offshore Bidding Round 2012, launched by Bangladesh Government during December 2012,” the company said in a statement. ongc

Pvt oil-fired power plants seek permission to import fuel

Two dozen privately owned oil-fired power plants in Bangladesh have asked the government for permission to import petroleum products to use for electricity generation, a senior energy ministry official said Wednesday. The plant owners have objected to the quality of fuel currently being supplied to them by state-owned Bangladesh Petroleum Corp., which imports required oil products for the privately owned power plants. power plantThe ministry official, who asked not to be named, said the plants amounted t...

Govt puts LNG terminal project on fast-track route

The government has put the country's first LNG import terminal project on a fast-track route for implementation on a priority basis, to ease the country's energy crisis and accelerate economic growth, said Petrobangla Chairman Hussain Monsur. The first meeting of the Fast Track Project Monitoring Committee, chaired by Prime Minister Sheikh Hasina, held in Dhaka on Wednesday identified the project as fast-track one, among others. petro banglaDuring the meeting, the prime minister directed the Energy and...
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