Intraco Refueling Expects Revenue Boost from Gas Transportation Deal

Telecom operator Grameenphone has set an ambitious target to cut its carbon emissions by 50% before 2030, using 2019 emissions as a baseline. The company is actively implementing various initiatives to reduce its carbon footprint. These include enhancing energy efficiency, investing in renewable energy sources, fostering an energy-conscious culture, and collaborating with partners to minimize environmental impact, particularly in the supply chain.

Adani, an Indian power company, has encountered payment difficulties as the Power Development Board (PDB) in Bangladesh grapples with a shortage of dollars. Adani supplied 700-750 MW of electricity during the trial production period, totaling around 1.5 million units to PDB.

The energy sector in Bangladesh is facing a significant challenge as overdue payments to energy providers and power-plant owners, both domestic and foreign, have reached a staggering amount of over $2.76 billion. This situation has resulted in a scarcity of power supply and fuel shortages, leading to frequent outages.

The Payra 1,320MW Thermal Power Plant in Patuakhali, Bangladesh, has halted operations due to a lack of coal supply, resulting in a daily capacity payment burden of Tk 7.66 crore for the government. With two units completely shut down, the monthly capacity payment amounts to Tk 230 crore.

Factory owners and millers in Bangladesh are grappling with frequent power cuts and low gas pressure, leading to a significant decline in production. Some businesses have resorted to shutting down operations temporarily or adjusting worker schedules based on the availability of power and gas supply.

In the maiden post-budget session, the Dhaka Stock Exchange (DSE) witnessed a significant surge in turnover, exceeding Tk 12 billion for the first time in seven months. The market's positive performance can be attributed to the absence of any new tax provisions or cuts to existing tax facilities in the proposed budget for FY24.