Rancon Partners with Genex to Establish 21 EV Charging Stations

The government has revoked the special benefits granted to United Power Generation and Distribution Company Limited (UPGD), which had been allowed to purchase gas at a lower rate and sell electricity at higher commercial prices, generating significant profits.

The Power Division and Payra Port Authority are in dispute over Tk1,225 crore in maintenance fees for the Rabnabad Channel, used by the Payra coal-fired power plant. The port demands Tk385 crore for maintenance from January 2021 to November 2024 and an additional Tk839.65 crore for annual dredging, based on a Statutory Regulatory Order from May 2023.

Bangladesh’s independent power producers face financial strain following the Power Development Board’s decision to cut the heavy fuel oil service charge from 9.04% to 5%. Already dealing with Tk3,662 crore in unpaid dues, IPPs warn this may hinder fuel imports, leading to intensified power shortages during summer.

The Rooppur Nuclear Power Plant (RNPP) is progressing toward its test run as its dry run nears completion, according to ROSATOM. During a meeting in Dhaka, ROSATOM's director general reaffirmed Russia’s commitment to the project's timely and safe execution.

Adani Power has agreed to fully restore its 1,600 MW power supply to Bangladesh within days after a three-month partial shutdown due to payment delays caused by Bangladesh’s forex crisis. Supply was halved on October 31, leading to the shutdown of one unit.

The Sheikh Hasina-led government misused Tk 53,000 crore from special energy funds during its 15-year rule, violating policies and guidelines. Of the Tk 47,700 crore available until June 2023, 97% was spent, with three-fourths used improperly.