The Deputy Managing Director of Infrastructure Development Company Limited of Bangladesh, Mr. Sahabuddin Formanul Islam, has urged Nigeria to set up energy bank as part of the initiative to provide fund for the development of the electricity sector of the economy.
Part of the fund, he said, would be used to support the building of renewable energy to boost the development of the rural sector of Nigerian economy.
Mr Formanul Islam who spoke to Daily Independent in an interview on the sideline of West Africa Power Convention ...
On the 1
st of November 2014, Bangladesh suffered an electricity blackout that lasted 10 hours, making it one of the worst power failures in the country’s history. Although the current government has made significant improvements in the generation of electricity in recent years, which has increased from 4,130 MW in 2007 to 8,525 MW in 2013 ,1 this was the fourth blackout since 20032 and load shedding is still a reality3 with electricity shortages of up to 1000 MW in the peak summer season4 .
However, ...
Bangladesh’s leading private power producer plans to reach full capacity early next year at a 335-megawatt plant, a senior executive said on Saturday, as the country seeks to plug a shortfall in electricity supply.
The power unit of conglomerate Summit Group is implementing a $319 million project to raise electricity production from the current level of 210 megawatts.
“The combined cycle project is almost in its completion stage and we hope to produce with full capacity by the end of February,” A.N.M. Tariqur Rashid, deputy managing ...
US oil and gas giant Chevron is eyeing to invest more in oil and gas exploration activities in Bangladesh to meet the country’s mounting energy demand, Chevron Bangladesh President Geoffrey Strong told the FE Tuesday.
Chevron has already invested around US$1.5 billion in the past one decade’s operation in Bangladesh, he said.
After commencement of the $500 million Bibiyna Bibiyana Expansion Project, Chevron has submitted a fresh investment proposal worth around $650 million to state-run Petrobangla to i...
A cheap and effective light made from empty bottles is powering efforts in Bangladesh to cope with electricity shortages and protect the environment.
“Bottle lights” are being pioneered in the country by a Dhaka-based research organisation and consultancy as a way to provide an essential utility in poor areas while cutting carbon emissions.
The consultancy, CHANGE, is now looking for ways to extend the innovation from schools and homes in slum areas of Dhaka to rural households throughout Bangladesh.
“During power...
According to Business Monitor International (BMI), access to natural gas in Bangladesh is going to significantly increase over the coming years. This boost will come from the Bibiyana expansion project, combined with LNG imports expected from 2015. BMI anticipates that this will improve reliability in gas supply to the power sector and industry, supporting a solid growth forecast for 2015 and 2016.
Chevron has announced the completion and first gas from the Bibiyana Expansion Project in the north east of the country. New development wells and an expansion of gas processing facilities will see the project increase gas output by approximately 15 billion m3. Bibiyana is now Bangladesh’s largest producing gas field. The developments will also enable production of natural gas liquids to m...
Mr Formanul Islam who spoke to Daily Independent in an interview on the sideline of West Africa Power Convention ...
