High Electricity Costs Drive Demand for Rooftop Solar Systems

Power generation companies, including rental ones, may lose their zero-duty benefit on importing machinery, equipment, and spare parts starting the fiscal year 2024-25. The proposed change entails a 5 percent customs duty, marking a shift from the previous duty-free status enjoyed since 2008.

The Rooppur nuclear and Matarbari coal-fired power plant projects, along with metro rail projects, are set to receive the highest allocations in the upcoming Tk 2,65,000 crore Annual Development Programme (ADP) in Bangladesh. These projects will collectively receive Tk 34,043 crore, comprising 12.84% of the ADP. Rooppur Nuclear Power Plant's six projects will get Tk 12,544 crore, while Matarbari’s fiv

The recent commencement of commercial operations at two private LNG-run power plants in Bangladesh has raised concerns among energy experts regarding the country's capacity payment burden. Despite facing a gas supply crunch that has idled numerous power plants, these new additions are set to receive capacity payments from the government, irrespective of their actual electricity generation.

The Power Grid Company of Bangladesh recently surpassed Grameenphone (GP) as the largest company by market value on the Dhaka and Chattogram bourses, surprising market analysts. Until May 12, GP held the top position with a market value of nearly Tk 32,000 crore, making up 8.4% of the total market capitalization on the Dhaka Stock Exchange (DSE). However, by May 13, Power Grid's market value

Bangladesh is set to increase its hydroelectric power imports from Nepal and Bhutan as part of its future energy strategy, as disclosed by the director general of Power Cell, during a presentation at the International Trade Summit held at the Pan Pacific Sonargaon Hotel in Dhaka. He highlighted the country's aspirations for greater collaboration in cross-border power trading, resonating with the sentiments expressed by energy representatives from both Bangladesh and Nepal at the summit.

The Chandpur 150 MW Combined Cycle Power Plant resumed production early this month, after being shut down for more than a month due to an oil leakage in its bearings. The plant restarted with 50 MW output from one of its 100 MW units amid the ongoing gas crisis, confirmed the Superintending Engineer to UNB yesterday afternoon.