Bizdata Insights Main Logo

BizData Insights

BD and Nepal Explore Dedicated Power Lines with India’s Approval

Industry: Energy & Power, Power

Bangladesh and Nepal are discussing two potential options for dedicated cross-border transmission lines, subject to the approval of India, to facilitate power trade between the two countries. Nepal and Bangladesh have identified two routes for the dedicated transmission line via India, which will be deliberated during joint-secretary-level joint working group and secretary-level joint steering committee meetings. The two countries have also requested India’s permission to utilize its existing transmission line infrastructure for supplying 40-50MW of Nepal’s power to Bangladesh. No concrete decisions have been made yet regarding the implementation of the dedicated transmission lines. Nepal is also considering enhancing the capacity of existing transmission infrastructure to facilitate increased power trade between Nepal and Bangladesh through India.

Source for more details:

Related News

Govt Engages 3 Foreign Firms for Onshore Gas Extraction

March 28, 2024

The government is collaborating with three foreign companies - Russia's Gazprom, China's Sinopac, and Uzbekistan's Ariel - to boost gas extraction in Bangladesh. Proposals for 17 well operations are pending approval, aiming to increase gas supply by 615 million cubic feet daily by 2025.

Govt Extends Summit’s Gas Power Plants Agreements for 5 Years

March 28, 2024

The government has extended the contracts of three gas-based power plants owned by Summit for the next five years. These plants, located in Ashulia, Madhabdi, and Chandina, have a combined capacity of around 50 MW. The decision, approved by the cabinet committee on government purchase, comes after the contracts expired last November.

ITFC Inks $1.4 Billion Deal with Bangladesh Petroleum Corporation

March 27, 2024

The Islamic Trade Finance Corporation (ITFC), a part of Saudi Arabia's Islamic Development Bank, has inked an agreement to provide a substantial $1.4 billion funding package to Bangladesh Petroleum Corporation. According to reports from Saudi Arabia's state news agency SPA, this financing initiative aims to bolster the development of Bangladesh's energy infrastructure. SPA highlighted that

Summit Power’s Revenue Drop by 30%

March 27, 2024

During the first half of the current fiscal year, Summit Power Ltd witnessed a significant 30% year-on-year decline in revenue, according to the company's half-yearly report. Despite the revenue downturn, the independent power producer managed to achieve a 9% growth in profit for the July-December period, attributed to reduced operational expenses. The company's profit during this period

Two Thermal Plants Nearing Completion in Payra

March 24, 2024

Two thermal power plants in Patuakhali's Kalapara upazila, Payra, are nearing completion, set to boost the national grid by 1,320 megawatts by June. RNPL, alongside Payra port, promises significant reduction in summer load shedding. Another 1,320 MW plant's construction within Payra BCPCL has begun, aiming to meet a substantial portion of Bangladesh's electricity needs.

Rampal Power Plant Receives New Tax Benefit

March 24, 2024

Bangladesh customs has extended tax benefits to the Rampal coal-fired power plant through a new Statutory Regulatory Order (SRO) dated March 18, 2024. The SRO allows the plant to enjoy tax breaks on spare parts imports, similar to other power plants.

Related News

Govt Engages 3 Foreign Firms for Onshore Gas Extraction

March 28, 2024

The government is collaborating with three foreign companies - Russia's Gazprom, China's Sinopac, and Uzbekistan's Ariel - to boost gas extraction in Bangladesh. Proposals for 17 well operations are pending approval, aiming to increase gas supply by 615 million cubic feet daily by 2025.

Govt Extends Summit’s Gas Power Plants Agreements for 5 Years

March 28, 2024

The government has extended the contracts of three gas-based power plants owned by Summit for the next five years. These plants, located in Ashulia, Madhabdi, and Chandina, have a combined capacity of around 50 MW. The decision, approved by the cabinet committee on government purchase, comes after the contracts expired last November.

ITFC Inks $1.4 Billion Deal with Bangladesh Petroleum Corporation

March 27, 2024

The Islamic Trade Finance Corporation (ITFC), a part of Saudi Arabia's Islamic Development Bank, has inked an agreement to provide a substantial $1.4 billion funding package to Bangladesh Petroleum Corporation. According to reports from Saudi Arabia's state news agency SPA, this financing initiative aims to bolster the development of Bangladesh's energy infrastructure. SPA highlighted that

Summit Power’s Revenue Drop by 30%

March 27, 2024

During the first half of the current fiscal year, Summit Power Ltd witnessed a significant 30% year-on-year decline in revenue, according to the company's half-yearly report. Despite the revenue downturn, the independent power producer managed to achieve a 9% growth in profit for the July-December period, attributed to reduced operational expenses. The company's profit during this period

Two Thermal Plants Nearing Completion in Payra

March 24, 2024

Two thermal power plants in Patuakhali's Kalapara upazila, Payra, are nearing completion, set to boost the national grid by 1,320 megawatts by June. RNPL, alongside Payra port, promises significant reduction in summer load shedding. Another 1,320 MW plant's construction within Payra BCPCL has begun, aiming to meet a substantial portion of Bangladesh's electricity needs.

Rampal Power Plant Receives New Tax Benefit

March 24, 2024

Bangladesh customs has extended tax benefits to the Rampal coal-fired power plant through a new Statutory Regulatory Order (SRO) dated March 18, 2024. The SRO allows the plant to enjoy tax breaks on spare parts imports, similar to other power plants.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here