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Bangladesh switching to cleaner fuel

Bangladesh will lower the sulphur content of its gasoil imports from January next year, in line with a global move towards cleaner fuel, industry sources said today. The country will import gasoil with 500 parts-per-million (ppm) sulphur instead of the 2,500 ppm, from January, 2015, said Bangladesh Petroleum Corp (BPC) chairman Eunusur Rahman. oil_drops_MThe state-owned company, which is the country’s sole importer of gasoil, will start term negotiations to buy gasoil for next year, in November, he said. The move towards cleaner ga...

Govt set to extend takeoff time for tax holiday in power sector  

The government is set to extend the takeoff time for availing the existing tax-exemption facility for power-sector investors until 2018 to lure huge investment needed to achieve ambitious targets. Under the existing income-tax rules, private investors in the sector can enjoy tax-breaks for 15 years upon starting commercial production in their power plants by June 30, 2016. The power ministry recently urged the finance ministry to take initiative for extension of the takeoff period beyond the June 30, 2016 cutoff time for availing the tax benefit, reports the FE. ministry

ABB wins Rs 172cr order from Bangladesh power grid

ABB India Ltd, a subsidiary of Swiss engineering group ABB, said it has won a Rs 172-crore order from Power Grid Company of Bangladesh Ltd. PowerThe order is for supply of four 132/33kV turnkey substations. ABB will also help Power Grid Company expand its six other substations. “Developing countries have the opportunity to directly adopt technologically advanced infrastructure that deliver greater efficiency and have a smaller carbon footprint,” Bazmi Husain, country manager at ABB India, said in a statement. Power Grid Company is in the process of upgr...

Asian Tourism Fair in city from Thursday

The 3rd Asian Tourism Fair (ATF) will kick off at Bangabandhu International Conference Centre in the city on Thursday. The three-day fair will be orgainsed by monthly Magazine Parjatan Bichitra in cooperation with Bangladesh Tourism Board and Bangladesh Parjatan Corporation. Bangladesh-TourismCivil Aviation and Tourism Minister Rashed Khan Menon will formally inaugurate the fair in the morning. The fair will be opened from 11am to 8pm for every day. The entry fee for the fair is Tk 20. Apart from Banglad...

L&T signs $200m contract for gas-based plant in BD

Larsen & Toubro has announced signing of a $200-million (Rs. 1200 crore at 1 dollar = 60 rupees) contract with Bangladesh Power Development Board to set up a 225 MW gas-based power plant in Bangladesh. “The contract, which is valued at about $200 million, was secured by L&T in May, 2014,” the company said in a statement on Tuesday. power plantThe contract was signed between Bangladesh Power Development Board (BPDB) secretary Mohd Zahirul Haque and L&T vice president Saurabh Indwar in Dhaka on Sunday. Four development partners of ...

Power can be India’s bargain point with Bangladesh

Power demand of Bangladesh can be a better bargaining point for India to get few important and old cross border issues resolved out. BJP, the first constituent of ruling NDA Government in India is keen on getting the issues squared up fast. Bangladesh has taken up a plan to import 3,500 MW of electricity from SAARC countries by 2030 under its power sector master plan. With its geographical boundary surrounding Bengaldesh, India is best suited one in SAARC to export power to Bangladesh. bd-indiaBangladesh now imports 500MW from India. A process of furt...
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