Shipments Arrive at Mongla Port for Rooppur Power Plant

The IMF has urged Bangladesh to hike electricity tariffs and cut subsidies as part of reforms tied to a proposed $3-billion loan, supplementing the previously granted $4.7 billion. During discussions with the Bangladesh Power Development Board (BPDB) and Ministry of Finance (MoF), IMF emphasized transitioning to a non-subsidy economy. The government, currently allocating Tk 360 billion for electricity subsidies, faces challenges from costly independent power producers (IPPs) and rental plants.

Despite initial interest from seven global oil and gas companies, none submitted bids for gas exploration in the Bay of Bengal by the extended deadline. The lack of submissions surprised experts, given the region's high gas potential, and raised questions about promotional efforts or gaps in the process

As the deadline for submitting bids for offshore gas exploration in the Bay of Bengal approaches, hopes are high for strong participation from international oil companies (IOCs).

PHP Family, a leading industrial group, has advanced Bangladesh's solar energy sector by installing 1,740-kilowatt solar panels on the roofs of its textile and steel mills in Sitakunda, Chattogram. Chairman Sufi Mohammad Mizanur Rahman inaugurated the initiative at the Kumira factory, aiming to generate 2,000 megawatts of electricity annually and reduce carbon emissions by 1,100 tons.

Summit Group is in a payment dispute with Petrobangla over a $22 million bill for its floating LNG terminal, which was out of operation for four months due to cyclone Remal. The terminal halted operations on May 24 and resumed on September 19, causing the country to face gas supply shortages.

Bangladesh has approved nearly two dozen firms, including Shell, BP, Aramco, and Glencore, as spot LNG suppliers to boost competition and reduce costs, according to energy minister Muhammad Fouzul Kabir Khan.