Govt Proposes Record Increase in Power Subsidies
The draft FY24 budget in Bangladesh reveals a significant increase in subsidies for the power sector, even though gas, fuel,…
Cox’s Bazar Wind Power Plant Set to Generate 30 MWs
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Govt to Resume Construction of Power Plant in Nilphamari
The government of Bangladesh is considering the resumption of construction for a 150 MW simple cycle power plant in Syedpur,…
Govt Proposes Record Increase in Power Subsidies
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Govt to Resume Construction of Power Plant in Nilphamari
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Ilisha-1 Declared as 29th Gas Field with Reserves of 200 BCF
Ilisha-1 was declared as the country’s 29th gas field. This new gas field is estimated to have around 200 billion…
Govt Likely to Remove Advance Tax on Fuel Oil Imports
The government of Bangladesh is considering removing the 5% advance tax on fuel oil imports, including petroleum, crude, jet fuels,…
BPC Faces Dollar Crisis and $250 Million in Dues
The Bangladesh Petroleum Corporation (BPC) is grappling with a dollar crisis and currently has $250 million in dues for imported…
Intraco Refueling Expects Revenue Boost from Gas Transportation Deal
Intraco Refueling Station anticipates a significant increase in revenue and profit through the transportation of surplus gas from Bhola gas…
Desco Reports Significant Losses Due to Surge in Bulk Electricity Prices
Dhaka Electric Supply Company Limited (DESCO)Â has reported substantial losses due to a staggering surge in bulk electricity prices. In the…