Bangladesh has made huge strides in expanding its power generation capacity, but needs to concentrate more on weaknesses in its transmission and distribution system.
That was the conclusion of a panel of local experts at FinanceAsia’s 4
th annual Bangladesh Investment Summit, held at the Ritz Carlton in Hong Kong on Tuesday.
The country’s foremost power expert, Dr Tawif-e-Elahi Chowdhury said the improvement in generating capacity since 2009 had been nothing short of a ‘miracle’.
Chowdhury attributed the transformation to “the audacious and visionary leadership” of Prime Minister Sheik Hasina, to whom he is an energy adviser.
Bangladesh certainly has ambitious energy targets as it tries to lift the world’s eighth largest
The oil price up will go up to $41 a barrel this year when agriculture produces will be cheaper, the latest market update of the World Bank (WB) said.
The WB its latest Commodity Markets Outlook attributed the rebounding oil prices to the improving market sentiment, a weakening dollar and receding supply. The projection is 13.51 percent higher from its previous forecast of $37 a barrel, reports BSS.
The WB revised forecast came only two days after Bangladesh government cut the prices of major petroleum products, ranging from 4.41 percent to 10.41 percent.
Bangladesh-China Power Company Limited (BCPCL) will invest $1.56 billion in a coal-fired plant near a proposed sea port south of Dhaka to produce 1,320 megawatts (MW) of electricity by 2019, the head of the joint venture (JV) said on Wednesday.
Two units with a capacity of 660 MW each will be set up at Dhankhali in Patuakhali district, 319 kilometers (199 miles) south of Dhaka and close to the proposed Payra sea port, said A.M. Khurshidul Alam, BCPCL’s managing director.
The government will sign an engineering, procurement and construction (EPC) contract tomorrow for installing the 1320-MW Payra coal-fired power plant in Patuakhali.
“The Payra coal-fired power plant would generate 1320 MW electricity from 2019,” Director General of Power Cell Mohammad Hossain told BSS here today.
He said the Bangladesh-China Power Company (Pvt) Limited (BCPCL), a joint venture firm of
Chinese Power Company (CMC), and the state-owned North-West Power Generation Company Limited (NWPGCL) would sign the EPC co...
