Titas Gas Transmission and Distribution Company on Tuesday came up with a proposal for raising natural gas price by up to 122 per cent following a verbal order from the government to set an asset value of Tk 25 for one thousand cubic feet of gas. Titas managing director, Nowshad Islam, at a hearing on its proposal, did not mention the name of the person who issued the verbal order that prompted all the gas companies to submit their proposals for raising the prices of methane gas. The energy division on February 23, 2014 issued a lett...

In an attempt to thwart China’s plan to corner the construction contract for a $1.68 billion power project in Bangladesh that India is helping its neighbour build in the electricity-starved country, India wants Bangladesh to allow state-owned Bharat Heavy Electricals Ltd (Bhel) to bid for it. [caption id="attachment_12554" align="alignleft" width="300"] As part of India’s strategy to exert economic and strategic influence in the neighbourhood by developing infrastructure, state-owned NTPC plans to set up coal-based power projects in Bangladesh.[/caption] ...

Huntkey Enterprise Group, a global professional power supply provider, successfully held its new product launching ceremony on January 18, 2015 in Dhaka, Bangladesh. The event started at 18:00. More than 100 people attended the meeting, including the local distributor, Global Brand Private Ltd. (hereinafter GBPL), local dealers and famous local media, including The Daily Prothom Alo, The Daily Ittefaq, Dhaka Tribune, Daily Kaler Kantho, Boishakhi TV, Tech World Bangladesh, Tech Shohor, Daily ICT News, risingbd.com and cnewsvoice.com. ...

The 8^th edition of World Future Energy Summit (WFES) which took place here from Monday to Thursday saw the launch of several multinational initiatives regarding renewable energy and waste management production. The capital of the United Arab Emirates (UAE), a major oil supplier, hopes to pioneer the promotion of solar and wind power, along with biothermal energy. Accordingly, Abu Dhabi’s state-owned Etihad Airways announced it would partner up with the Unites States aircraft producer Bo...

KrisEnergy (SGX:SK3) has completed a 2D seismic exploration programme offshore Bangladesh. The 3,146 kilometre survey of the SS-11 exploration block took 22 days to complete. “The existing 2D data sets were acquired in the mid-1970s and this programme will provide higher resolution data to confirm existing prospects and leads and assess the overall prospectivity of the block,” said Chris Gibson-Robinson, director of exploration and production. “It will also help us determine potential locations for a planned 3D seismic programme, to ...

Bangladesh’s fuel oil imports are expected to grow 15 percent to 1.5 million tonnes in 2015, supported by increased demand for power generation, energy officials said on Tuesday. The trend contrasts with Asia as a whole, where fuel oil demand is in structural decline. State-owned Bangladesh Petroleum Corp (BPC) will import 900,000 tonnes, while privately-owned power plants will import nearly 600,000, according to energy ministry projections. That compares with 800,000 tonnes and 500,000 tonnes, respectively, last year, BPC officials sa...