Rampal plant’s Unit-1 starts power production

Mitsubishi Power, a Mitsubishi Heavy Industries, Ltd (MHI) power solution brand, has earned a seven-year full-turnkey Long Term Service Agreement (LTSA) contract for the Bibiyana-III Combined Cycle Power Station. Mitsubishi Power, which supplied the M701F gas turbine for the power plant, has established a collaboration with the Bangladesh Power Development Board (BPDB) to offer maintenance and inspection services for the project's gas turbine and related power production equipment.

Power Development Board is concerned about the dollar crisis, as it is disrupting electricity production and creating complications in the import of electricity from India. It is estimated that the electricity sector will need 6 billion dollars in 15 months, with the remaining time of the current financial year and the possible demand for dollars in the next financial year.

The cost of power generation has been growing rapidly, but the cost of energy has climbed faster than the price increase, resulting to large losses for the Power Development Board (PDB). The loss for the current fiscal year is anticipated to be 44,950 crore 10 lakh taka, while the loss for the following fiscal year will be 42,885 crore 60 lakh taka.

In addition to the two LNG terminals that are presently being used to regasify imported gas, state-owned Petrobangla has moved to build three new LNG terminals. The three new LNG terminals that are being discussed will be built in the cities of Payra, Moheshkhali, and Matarbari, with a combined regasification capacity of 2000–3000 MMcf/d. Since 2018, there have been two floating storage and regasification units in operation

To resolve the dispute over the US$210 million loan repayment for the Rooppur Nuclear Power Plant (RNPP) project, Bangladesh and Russia will hold a "in person" meeting. Three installments of the $500 million borrowed from the Russian Federation by the Bangladeshi government for a feasibility and infrastructure development study of RNPP were not repaid.

The Cabinet Committee on Government Purchase (CCGP) has given the go-ahead for two proposals to acquire 70,000 metric tonnes of fertilizers and 33.60 lakh MMBtu of LNG to address the rising demand. Led by Finance Minister AHM Mustafa Kamal, the committee convened virtually for its 11th meeting this year, where a total of seven proposals were approved. The Bangladesh Agricultural Development Corporation (BADC) will purchase 40,000 metric tonnes of DAP fertilizer from OCP, SA, Morocco, amounting to about Tk 262.13 crore, as per the Ministry of Agriculture's proposal.