Electricity and gas would be costlier from next year as people have to pay international market price for these commodities as per 2017-2018 budget announced by the Finance Minister AMA Muhith onThursday.Gas will be purchased at international prices when its
Barapukuria Coal Mining Company Ltd (BCMCL) will sign a contract with MIBRAG Consulting International, Germany, FUGRO Consult GmbH, Germany and Runge Pincock Minarco Limited, Australia Today (Tuesday) to develop Dighipara coalfield in the northwestern part of the country. Earlier, government
The government has upheld the Petrobangla's stand to block all activities of Chevron, the US oil giant for transferring its shares to a Chinese consortium named Himalaya Energy Co.The Energy Division on Thursday has taken the decision to uphold the
Bangladesh Petroleum Corporation (BPC) wants tax waiver from National Board of Revenue (NBR) to supply tax-free furnace oil to state- run power plants.This is for the first time BPC has sought such tax holiday from the NBR although the independent
The technical evaluation committee (Tec) of Matarbari 1200 MW ultra super critical power project has recommended Sumitomo Corporation as the lowest competitive bidder for the construction of the plant at Matarbari in Cox's Bazar that would use imported coal. The
Bangladesh is set to import 3.75 million tons of LNG at an estimated cost of US$2.28 billion per annum from Qatar state-owned company RasGas.The cabinet committee on economic affairs accepted a proposal from the Energy and Mineral Resources Division to
Norway's wealth fund has excluded Bharat Heavy Electricals Ltd (BHEL) from its investment portfolio as the fund's ethics watchdog has said that the Indian company, which is engaged in implementing the much-talked- about Rampal 1320 MW power plant, did not
The government is set to use the Power Development Board's Electricity Maintenance Fund created through a verdict of the Bangladesh Energy Regulatory Commission (BERC) in 2011.The BERC decided to amend the guidelines on the utilisation of the fund in a
The Power Development Board (PDB) has sought Tk5,500 crore as subsidy from the Finance Ministry for the next fiscal year (2017-2018) to run its power projects, according to officials at the Power Division.The PDB received Tk1674.09 crore as subsidy in
The Energy Division suggested that the Shipping Ministry should grant the US-based Excelerate Energy , chosen to set up a liquefied natural gas (LNG) terminal, general waiver under the Bangladesh Flag Vessel Protection Ordinance, 1982.Bangladesh Flag Vessel Protection Ordinance, 1982,