Dhaka, Wednesday, July 17, 2019 04:41 PM
Efficiency & Conservation
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Gas price raised by 32.8 pc on average
Dhaka lines up deal to get Aramco investment
Bangladesh receives interest from 12 firms to build LNG terminal
Higher Asian prices, European gas stocks trigger LNG flow reshuffle
Power sector needs 1,000 engineers in next 5yrs: Nasrul
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Uninterrupted, reasonable electricity a challenge for future
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Efforts continue to ensure uninterrupted power supply: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Sunday said the government under the leadership of Prime Minister Sheikh Hasina is working restlessly to ensure smooth supply of electricity in affordable price for all the people of the country. “There is nothing to worry about it, we are working on it. It will take time for supplying uninterrupted power to all. Countries like Korea had taken 30 years for ensuring uninterrupted supply to its countrymen,” he said while addressing a dialogue as the chief guest at a city hotel. Centre for Policy Dialogue (CPD) organised the dialogue titled ‘Power and Energy Sector: Immediate Issues and Challenges’, with its Chairman Professor Rehman Sobhan in the chair. The dialogue was also addressed, among others, Dr M Tamim, Pro-Vice Chancellor of BRAC University; Professor Badrul Imam, Professor of Department of Geology, Dhaka University; and Professor Dr M Shamsul Alam, Dean of Faculty of Engineering, Daffodil International University spoke as panelists at the event. The experts, at the discussion, put their recommendations for the development of the power and energy sectors in the days to come. The state minister said price of electricity in Bangladesh is the lowest level among developing countries, adding, “It is very difficult to work in particular sector such as power, as many people give different advices which sometimes create confusion.” He said the information provided by the CDP at today’s event should be updated as they gave old information. Regarding corruption in the sector, he said corruption is reducing and the system loss has brought down to a single digit, which was 44 percent during the BNP-Jamaat alliance. “System loss in Chattagram and DESCO is now at seven percent, which is visible in developed countries,” the state minister said. Research Director of CPD Khandker Golam Moazzem presented the keynote paper at the event. He said one of the main achievements of the present government is power and energy sector as it has been able to meet the shortfall in power by generating sufficient electricity.
First-ever prepaid metre-manufacturing plant goes into production next month
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ECNEC approves 2 power distribution projects
Coal extraction resumed after three months in Barapukria
After about three months of closure, coal extraction work has been resumed in Barapukria coal mine of Parbatipur in Dinajpur. The coal extraction on experimental basis is stared from the 1314 no phase of the coal mine on Friday night, informed an official with the Barapukria Coal Mining Company Limited. He said, at present it will be possible to extract 1000-1500 tonnes of coal on a daily basis. But it will increase gradually. The official said within the next 10 days, the commercial extraction work will start. The extraction work of the mine had stopped after the coal at 1210 no phase ran out in June 16. As the coal ran out, the electricity production at 525 MW coal power plant in Barapukria went out of production from July 22. The official informed that authorities concerned have been doing everything to resume operation in the three units of coal powered plant which went out of operation because of coal shortage. Complaints of surreptitiously selling coal was raised even though the coal reserve was on the wane. Later Anti Corruption Commission investigated the matter.
Plans for introducing departments and courses on coal studies in five universities
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Dhaka, Moscow sign protocol amending Rooppur nuclear power deal
Dhaka and Moscow have signed a protocol to bring amendments to an agreement signed by both sides on development of Rooppur nuclear power plant. On sideline of the 62nd General Conference of International Atomic Energy Agency (IAEA) being held in Vienna Bangladesh and Russia signed the protocol on September 17. In a statement on Tuesday, Russian state atomic energy agency Rosatom said the protocol was signed to bring in some amendments in the intergovernmental agreement signed on November 2, 2010 on partnership in construction of a nuclear power plant in Bangladesh. It also said Bangladesh can now involve Russia in developing physical protection systems for Rooppur Nuclear Power Plant. Architect Yeafesh Osman, Minister for Science and Technology, Government of Bangladesh and Alexey Likhachev, Director General of Rosatom signed the Protocol on behalf of their respective governments. The protocol provides for the possibility of involving a specialized Russian company in designing and installation of physical protection system for the main and auxiliary facilities of the Rooppur Nuclear Power Plant. The Protocol also includes the clause saying that all the safety and security measures to ensure physical protection of the nuclear power plant to be taken in accordance with the requirements and guidelines of IAEA. Rooppur NPP with two VVER-1200 reactors, each of 1,200 MW capacity is being constructed by Atomstroyexport (ASE), Engineering Division of Rosatom under strict monitoring by International Atomic Energy Agency (IAEA) and Bangladesh Atomic Energy Regulatory Authority (BAERA). Rooppur Nuclear Power Project (RNPP) with two VVER-1200 reactors, each of 1,200 MW capacity is being constructed according to Russian design, at Ishwardi of Pabna district, 160 km from Dhaka. In accordance with the General Contract signed on December 25, 2015 Atomstroyexport (Engineering Division of Rosatom) is implementing the project as the General Contractor. The Russian VVER-1200 reactors that is selected for the first NPP in Bangladesh, was successfully set up at Unit No 1 of Novovoronezh NPP-2, said the statement.
Installation of core catcher at unit 2 of Rooppur NPP begins
Bangladesh-Russia JCC reviews progress of Rooppur Nuclear Power plant construction
Deal signed to import uranium for nuke plant
Petrobangla signs MoU with Dhaka University’s Geology department
A memorandum of understanding (MoU) between department of Geology, University of Dhaka and Petrobangla and its subsidiary companies for institutional collaboration in the field of academic, training and research was signed on 13 March, 2019 at Petrobangla`s Board Room at Kawranbazar in the city. Chairman of Petrobangla Md Ruhul Amin presided over the ceremony while Secretary of Energy and Mineral Resources Division Abu Hena Md Rahmatul Muneem was present as chief guest, said a press release. It was attended by Chairman of department of Geology, University of Dhaka professor Dr Kazi Matin Uddin Ahmed, supernumerary professor Dr Badrul Imam, professor Dr Anwar Hossain Bhuiyan, high officials of Energy and Mineral Resources Division and directors along with high officials of Petrobangla were also present at the ceremony. Secretary of Petrobangla Syed Ashfaquzzaman and Chairman of department of Geology, University of Dhaka professor Dr Kazi Matin Uddin Ahmed signed the MoU on behalf of their respective organizations.
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Hasina, Modi inaugurate construction of 130km cross-border oil pipeline
Prime Minister Sheikh Hasina and Indian Prime Minister Narendra Modi were jointly inaugurating the construction of 130-km Bangladesh-India Friendship Pipeline between Siliguri in West Bengal and Parbatipur in Dinajpur on Tuesday. They opened the work on the oil pipeline through videoconferencing. Sheikh Hasina attended the videoconference from her official residence Ganobhaban while Narendra Modi from his office in New Delhi, according to a report of UNB. About the pipeline, the Prime Minister said the 130-km India-Bangladesh Friendship Pipeline from Shiliguri to Parbatipur in Bangladesh is a new milestone in the history of cooperation between the two countries. “This will be the first such pipeline through which refined diesel will be supplied to Parbatipur depot from Numaligarh of Assam in India,” she said. The Prime Minister mentioned that Bangladesh will initially receive 2.5 lakh tonnes of diesel per annum and it will gradually be increased to 4 lakh tonnes. She also said the first consignment of diesel from India reached Bangladesh in March 2016 through rail wagons. Hasina expressed her gratitude to her Indian counterpart for his active role in implementing these projects. Referring to her inauguration together with Modi of the supply of 500MW electricity and two railway projects on September 10 and today’s joint projects, the Prime Minister said, “This intermittent contact between us, I believe, will further cement the ties of cooperation between Bangladesh and India.” Indian Prime Minister Narendra Modi said the two countries implemented a number of projects within a short time which are the symbols of good relations between the two countries. Modi said these projects have initiated a new chapter in the bilateral relations between Bangladesh and India. “It’ll play a significant role in Bangladesh`s development as fuel oil could be supplied to the northern region at a low cost,” he said. Currently, imported oil is stored in Chattogram depot after unloading it from the ship at Chattogram Port. Later, the oil is brought to Khulna Doulatpur depot through coastal tanks and carried to Parbatipur again through rail wagons. This requires additional time and money as well as transport. The pipeline will solve these problems. Through the cross-border pipeline, India will supply fuel oil from its Numaligarh Refinery Ltd (NRL), located at Golaghat in the northeastern state of Assam, while Bangladesh will receive the oil at Parbatipur depot of Bangladesh Petroleum Corporation (BPC) in Dinajpur. India will supply 2.5 lakh tonnes of diesel in the first three years. The import of fuel through the pipeline will be raised further as per the requirements of Bangladesh. The NRL will distribute diesel for 15 years through the pipeline and the time could be expanded following the consent of both sides. Bangladesh’s Foreign Minister AH Mahmood Ali, Indian External Affairs Minister Sushama Swaraj and Indian Petroleum and Natural Gas Minister Dharmendra Prodhan also spoke on the occasion.
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BPC seeks 1000 acres land in Cox’s Bazar for refinery, LPG plants
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Bangladesh, ENOC agree to feasibility study for LPG terminal
Bangladesh and Dubai-based Emirates National Oil Company (ENOC) agreed on Thursday to conduct a feasibility study on setting up a liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said. “Today we held talks with the ENOC delegation and decided to conduct a feasibility study for a joint venture project to build an LPG terminal,” said Sayed Mohammad Mozammel Haque, a director of state-owned Bangladesh Petroleum Corporation. “This is a positive step. After the study, we will finalise the capacity for the terminal and other related things,” he told Reuters after the meeting in Dhaka. Bangladesh currently imports LPG mostly from Oman and Qatar, Haque said. Transport costs for LPG are now about $100 per tonne but once the terminal is built that cost could fall to $30 as it will allow big ships to anchor, which would translate into a 10 percent lower price for end-users, he said. The LPG terminal could be built at Matarbari on Moheshkhali Island in the Bay of Bengal, where the country’s first deep-sea port will be built, the official said. A shortfall in supplies of natural gas has prompted the government to encourage the use of LPG for households. LPG, a mixture of propane and butane, can be used for cooking and transport, as well as in the petrochemical industry. Bangladesh’s demand for LPG now stands at 1 million tonnes against a supply of 600,000 tonnes, the official said, adding the demand could go up to 2 million tonnes by 2022 as it will be a key source for cooking gas in Bangladeshi households. The south Asian country has also turned to liquefied natural gas to offset falling domestic gas output to feed industrial demand and electricity generation in the nation of 160 million people.
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Rooftop solar power sales growing fast in city
The sale of unconsumed rooftop solar electricity to government power distribution entities is rising fast in the capital city. According to the latest statistics placed in a review meeting at Power Division, the number of such consumers who are selling their unconsumed solar power to the government distribution companies stood at 50 as of January 27, which was just three in December last year. The rise is more significant in terms of volume, said a top official at Dhaka Power Distribution Company (DPDC) adding that all the purchases are being made under the Net Metering System introduced by the government recently. He mentioned the volume of purchase was 13.3 Kilowatt peak (KWp) until December last which increased to 450 KWp in January this year. “We’re really getting enormous response from consumers. We’re frequently getting new offers from our consumers to buy their unconsumed rooftop solar power,” Ramiz Uddin, executive director of DPDC, told UNB. The DPDC is responsible for power distribution in the Dhaka city`s central, southwest and eastern parts, and in Narayanganj city. The government has introduced the NMS as part of its strategy to encourage the use of green energy across the country. As part of the policy, the Power Division on July 28 last unveiled the "Net Metering Guideline 2018" to buy rooftop solar power from consumers. Officials said the Power Division had issued an official order in August last to all the six power distribution entities of the country asking them to purchase rooftop solar power from at least 20 consumers within the next three months under the Net Metering System. Initially, the big consumers, especially the commercial and industrial, were targeted for such business which rooftop power remains unconsumed during their holidays and weekends. Following the instructions, all the power distribution entities, including Desco, DPDC, REB, Nesco, WZPDC and PDB moved to buy unconsumed solar power from their respective consumers. Within a few months, the national gird received over 3.0 MW of electricity from the consumers. Under the system, any consumer can set up rooftop solar system covering up to 70 per cent capacity of the sanctioned load and sell the additional or unconsumed solar power after meeting his/her demand through a special metre under an exchange arrangement. Consumers will use their own solar power alongside the grid. But on holidays when solar power is not used, they can sell power to the national grid. Even, on the working days, they can preserve their solar power to the grid and sell it to his power supplying company or take it back for its own consumption. At the end of the month, bills will be adjusted on the basis of consumption and sales of solar power to the utilities and the consumer will get payment from the distribution company at a bulk rate if his sale overruns the consumption. Power Cell officials believe the government will be able to buy about 10-12 MW power from rooftop consumers as many large clients like industries, apartment complex, shopping malls and hotels have already set up rooftop solar power plants for their own consumption as part of the government policy. Even, individual consumers, who installed rooftop solar power system, can sell additional electricity to the government under the Net Metering System. Officials said the government has initiated the move to introduce the system aiming to promote rooftop solar energy across the country as part of its plan to generate 10 per cent of electricity from renewable sources by 2020. There is a target to generate 3,168 MW of electricity from renewable energy sources by 2021 in compliance with the Sustainable Development Goals (SDGs) as well, said an official at the Sustainable and Renewable Energy Development Authority (Sreda).
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EFFICIENCY & CONSERVATION
CEO roundtable to promote energy efficient technology in textile and RMG sector
Infrastructure Development Company Limited (IDCOL) has organised a CEO roundtable to promote energy efficient technologies in the textile and RMG sectors across Bangladesh. The CEO roundtable, has organised by IDCOL at its Head Office on March, 18 showcased the technology interventions related to energy efficiency measures in the RMG and textile sector of Bangladesh, said a press release. Top executives of the major textile and RMG companies were present in the roundtable. The roundtable has provided the participants with greater insights on emerging energy efficient measures implemented in Bangladesh as well as those considered as global best practices. The participants of the roundtable has opined that the growth of Bangladesh’s economy relies heavily on the RMG and textile industry, which employs around four million people. To compete successfully, firms must control their costs – while meeting ever stricter requirements for working conditions and environment friendly practices defined by international buyers. With rising cost of energy and depleting natural resources, the growth trajectory of Bangladesh textile and RMG industry can only be sustained by investing in smart energy efficient technologies. Adopting energy efficient technologies will also create quality jobs, attract important new investments, create new business opportunities and improve the quality of life. IDCOL, a development finance institution, is promoting energy efficiency initiatives in Bangladesh by offering low-cost long-term financing to eligible entrepreneurs up to 100% of the equipment value.
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HELE coal technology key to growth in South East Asia
High-efficiency, low-emission (HELE) coal-fired electricity generation technology will play a critical role in South-East Asia’s future economic prosperity and climate policies, according to a new report from ASEAN Centre for Energy and the World Coal Association (WCA). The new report confirms that HELE coal technology will provide affordable and reliable electricity to more than 600 million people in the region while dramatically reducing emissions. The report conducts a comprehensive cost-benefit analysis of climate, energy and sustainable development policies in ASEAN nations, which are set to increase their electricity demand significantly in coming years. It finds that if ASEAN shifts its coal-fired power generation capacity to a modern, low emissions fleet by 2035, the region would reduce its cumulative emissions by 1.3 billion tonnes, equivalent to the annual emissions of the US, China and the European Union combined. The new report is consistent with other projections by leading energy analysts. A recent report from the Oxford Institute for Energy Studies concluded that based on current national power plans, South East Asia’s coal capacity will reach 148 GW by 2025, a 139% increase on 2015. Coal will pass gas as South East Asia’s number one energy source before 2025, the OIES report concluded. ASEAN is one of the fastest growing regions in the world with economic growth forecast to increase by over 6% per year. Growth has already lifted millions from poverty and seen the number of people in the region without access to electricity halved over the past 20 years. The International Energy Agency predicts ASEAN’s energy demand will increase by 80 per cent over the period to 2040. To meet this demand, secure reliable electricity is required and the report confirms that low emission coal will be the generation of choice. With the IEA forecasting coal to provide 50% of electricity generation by 2040, ASEAN nations are looking to utilise low-emission coal technology to deliver growth while also reducing emissions. The report confirms that all forms of coal generation will be the lowest cost option for ASEAN nations in 2020 and 2035. The levelised cost of electricity (LCOE) figures show that even ultra-supercritical coal generation will cost less than all renewable options and gas-fired power generation options. The report notes that “HELE reconciles international commitments to reduce carbon with the economic priorities of generating affordable and reliable electricity.”
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India targets 40 GW from rooftop solar system
India has a target of 100 gigawatt (GW) installed capacity of solar energy by 2022, of which 40 GW is projected to come from rooftop solar systems, an energy expert said on Thursday. Former Senior Scientific Advisor in the Ministry of New and Renewable Energy Dr Bivek Bandyopadhyay said the World Bank and Global Environment Fund (GEF) had launched a large financing program in 2016 to support clean energy. “Rooftop Solar photovoltaic technology is rapidly emerging as a solution for de-centralized renewable energy generation globally due to the plummeting cost of the technology,” he said while addressing a seminar. He said the rooftop generates electricity from solar power beyond the limit of land availability, enabling higher penetration of renewable energy in the power system, leading to more reduction in Green House Gas (GHG) emissions and climatic change mitigation. He further said that along with hydroelectric projects in the state, the Rooftop Solar PV will enable to create ‘Green Nagaland’. While introducing Sustainable Partnership for Rooftop Solar Acceleration in Bharat (SUPRABHA), the team leader, Yuvaraj Dinesh Babu Nithyanandam said to help each state, the northeastern region has been given to the World Bank to look after the capacity building. He said that the target given to Nagaland is about 50MW for RTS. SUPRABHA’s proposed engagements with Nagaland are development of an exclusive solar rooftop policy, capacity building, training of utility engineers, entrepreneurs, bankers, unified web portal for online subsidy and interconnection modules. Advisor to Nagaland Chief Minister Neiphiu Rio, Mmhonlumo Kikon voiced confidence that the engineers of the state will find the best solution in implementing the solar rooftop plan. Kikon said the Nagaland government has proposed smaller size solar parks with a capacity 23 MW but faces funding problems in infrastructure development. “Northeastern region requires a different approach. So, the funding pattern needs to be looked at seriously by an independent body,” he said.
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Asian LNG prices ease as supply levels remain healthy
Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going into the northern hemisphere’s autumn season countered upward pressure from a bullish oil market. Spot prices for November delivery LNG-AS dipped by 10 cents to $11 per million British thermal units (mmBtu), industry sources said. That slip came despite an extremely bullish crude oil market which has seen benchmark Brent futures surge by 20 percent since mid-August ahead of U.S. sanctions against Iran’s petroleum sector that kick in from November 4. While a major oil exporter, Iran sells no LNG, and traders said Asian gas markets were well supplied. “Oil markets may be volatile and bullish at the moment. In LNG, things are a bit more quiet at this stage,” said a Singapore-based trader. “Sure, demand is strong ahead of the winter heating season across North Asia, but supply is also pretty decent,” he said, declining to be identified as he was not authorised to speak with media. The well-supplied market is reflected in the price curve, in which Brent-indexed LNG prices show a slight rise over the coming peak winter months, but with the curve easing after that into the second-half of 2019. Japan’s Inpex said this week it shipped its first condensate export cargo from the Ichthys LNG project in Australia. Inpex said in August that it expected the $40 billion Ichthys project to start shipping condensate, LNG and liquefied petroleum gas (LPG) in that order from around end-September to end-December. LNG demand tends to rise in the second-half of a year as utilities in the demand centres of Japan, China and South Korea prepare for the peak winter consumption season. The weather outlook for North Asia is for average conditions in the next 45 days, with Tokyo expecting slightly above average temperatures and Seoul expecting slightly cooler conditions, according to data in Refinitiv Eikon. Beijing is expected to experience temperatures around the seasonal norm, the data showed. Strong overall demand has returned the gas industry to good health after years of spending cuts and project cancellations between 2014 and 2017. Royal Dutch Shell, which has the world’s biggest LNG portfolio, this week announced it would go ahead with the 14 million tonnes per annum LNG Canada project, at a cost estimate of $31 billion. The project is expected to deliver its first LNG cargo in 2025.
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Plans for coal-fired power plants drop by almost half in 2016
Twenty-sixteen saw a "dramatic" decline in the number of coal-fired power stations in pre-construction globally. The authors of a new study say there was a 48% fall in planned coal units, with a 62% drop in construction starts. The report, from several green campaign groups, claims changing policies and economic conditions in China and India were behind the decline. However, the coal industry argues the fuel will remain essential to economic growth in Asia for decades to come. Rapid swing Between 2006 and 2016, India and China together accounted for 85% of the coal plants built around the world. But according to the Boom and Bust 2017 report, put together by Greenpeace, the Sierra Club and CoalSwarm, there has been a huge swing away from coal in these two countries in just 12 months. The main causes of the decline are the imposition of restrictive measures by China`s central government - with the equivalent of 600 coal-fired units being put on hold until at least 2020. The Indian go-slow was prompted, according to the authors, by the reluctance of banks to provide funds. Work at 13 locations is currently not going ahead. However, there have also been significant retirements of coal plants in Europe and the US over the past two years, with roughly 120 large units being taken out of commission. "This has been a messy year, and an unusual one," said Ted Nace, director of CoalSwarm. "It`s not normal to see construction frozen at scores of locations, but central authorities in China and bankers in India have come to recognize overbuilding of coal plants as a major waste of resources. "However abrupt, the shift from fossil fuels to clean sources in the power sector is a positive one for health, climate security, and jobs. And by all indications, the shift is unstoppable." The study comes as other groups analyse the potential for investments in coal to become stranded assets if governments continue to restrict CO2 emissions. The International Energy Agency (IEA) says that hundreds of billions of dollars could be at risk. "The decline in new coal plants in Asian countries is truly dramatic, and shows how a perfect storm of factors is simply making coal a bad investment," said Paul Massara, now of North Star Solar but a former CEO of RWE npower. "Growing awareness of the air pollution problems coal causes, the impact of policies to tackle climate change, and the rapid growth and cost-competitiveness of renewable sources of energy, along with emerging battery technologies, are making new coal plants redundant before they are even built," he said. However, the World Coal Association vehemently disagrees. It says the complexity of large infrastructure projects means that until they break ground, it`s no surprise if they don`t go ahead. "Yes, China, is reducing the number of coal-stations but not because it`s transitioning away from coal. Instead, the new dynamics is a signal of a more developed economy," said Benjamin Sporton. "Contrary to the picture being portrayed by certain quarters, China`s climate pledge suggests that coal will continue to be central to its energy solutions, albeit through efficiencies including the use of new coal technologies. "In India`s case, it`s simply not true that renewables are displacing coal. The International Energy Agency has said that India`s coal demand will see the biggest growth over next five years with an annual average growth rate of 5% by 2021. "For these countries, excluding coal from the energy mix is not an option; it is essential for economic growth and critical in securing energy access." According to the authors of the study, the slowdown brings the possibility of keeping global warming under 2 degrees C since pre-industrial times "within feasible reach." However, the study says that much more progress needs to be made to reduce the number of coal-fired plants under development in Vietnam, Indonesia, Turkey, Japan and elsewhere.
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BERC Feed inTariff Draft.pdf
IFC invests $20m in Omera Petroleum to enhance LPG access
International Finance Corporation (IFC), a member of the World Bank Group, has invested $20 million as a long-term loan in Omera Petroleum, a subsidiary of MJL Bangladesh Limited, to help the company double its capacity and increase the availability of liquefied petroleum gas (LPG), especially in rural areas. Omera, whose parent MJL is majority owned by the Bangladeshi conglomerate, East Coast Group, is the second-largest player in Bangladesh’s LPG market by volume, said the IFC in a statement on Thursday. The IFC loan is part of its project to double its capacity and make LPG available in nearly all sub-districts of the country. This will expand access of LPG to 350,000 additional households (around 12 percent of the total market potential) over the life of the loan. It will also help reduce greenhouse gas emissions by substituting kerosene, wood, and other hazardous cooking fuels, and allow the limited reserves of natural gas to be diverted to power generation and industries. Declining natural gas supplies have prompted the Government of Bangladesh to promote LPG as a major source of primary energy. The government aims to supply LPG as cooking fuel for 70 percent of households within the next three years. It has also been promoting LPG usage in vehicles as an alternative to compressed natural gas CNG) and bulk LPG for industrial purposes. “IFC is committed to delivering clean energy to all people in Bangladesh,” said Wendy Werner, IFC Country Manager for Bangladesh, Bhutan and Nepal. “Omera’s expansion will enable businesses and families across the country to switch from biomass energy to clean LPG fuel for cooking and commercial activities. LPG makes positive development impact in Bangladesh’s energy mix. We laud the Government’s stance to promote privatization of LPG sector to create a resilient energy sector.” Bangladesh is a low-income International Development Association (IDA) country. IFC`s country strategy for 2017-21 – while addressing other key development gaps – focuses on increasing access to electricity, and diversifying energy sources. This project will enable the end users to switch to a much cleaner and efficient fuel. “Omera has made great socio-economic contribution across Bangladesh by delivering the largest volume of LPG using our state-of-the art infrastructure across urban & remote areas”, said Tanzeem Chowdhury, Head of Corporate Planning and Business Development. He said this is the beginning of a long term partnership between IFC and East Coast Group to finance and build larger projects that will help achieve our Group objective to provide easy access of green fuels and clean energy to every district of Bangladesh. Access to energy and diversification of fuel are two critical bottlenecks in the growth trajectory of Bangladesh. In the last five years, IFC has invested about $800 million to remove these obstacles. This is IFC’s first investment to promote LPG in Bangladesh, said the statement.
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BIFFL helping push forward energy sector, PPP initiatives
Finance Minister Abul Maal Abdul Muhit on Thursday said Bangladesh Infrastructure Finance Fund Limited is playing an important role in taking the energy sector and Public Private Partnership forward. The minister was inaugurating the three-day Green PPP Convention and Expo-2018 as the chief guest at the Bangabandhu International Conference Center in Dhaka from October 4 to 6 and in Chattogram from October 5 to 7 organised by BIFFL. BIFFL, a leading financier of infrastructure projects in the country, is organising the event as part of its nationwide awareness campaign for sustainable Infrastructure development in Bangladesh. The event includes three national seminars followed by plenary discussions to be participated by the experts, development partners, bankers and regulators. Considering the global context, the Finance Minister said infrastructure deficit is very important because this may hold up the growth process in the Asian region. He noted that deficit in infrastructure is a matter of concern for the whole world. Besides, the Finance Minister said the impact of climate change is a matter of serious concern for the whole world and unfortunately for Bangladesh, it’s much more of a concern, because Bangladesh is not one of those who are generating difficulties for the climate change. “But, we are a big sufferer of climate change and are being affected by other nations. So, we have to care for green development in a very special manner…I think in green development, we are the leader in the world as we began attending to this problem well before the new fund or new sort of institutions that came into existence,” he said. Muhith, however, said only good performance in this sector is not sufficient “because, we also need the cooperation of the global activists in the green sector.” In order to save lives on earth, he said, one needs to be extremely conscious of green development. In terms of operationalizing the Public Private Partnership (PPP) initiatives, he said, Bangladesh can be proud of the record in the PPP sector, as the emphasis that the government has put on this particular sector has been quite fruitful. Turning again to the issue of infrastructure, the Finance Minister said except the power sector, infrastructure is still an area of deficit in the country and much more work is needed in order to materialize the objectives of being a prosperous, peaceful and developed country by 2041 as envisioned by Prime Minister Sheikh Hasina. He also that the country’s power generation capacity would reach 30,000 MW by the year 2024 and this would have a positive impact on the economy. “Now the power generation capacity is substantially more than the demand of the country… we should have a power generation capacity of 30,000 MW by 2024 and I do not think that the energy requirement of the country would be anywhere near 30,000 MW by that time. So, it’s a matter of great satisfaction for us and also for the economy,” he said. The exposition, third of its kind, is aimed at promoting green and energy efficient technology and Public Private Partnership (PPP) for sustainable infrastructure development in the country. Secretary in Charge of the Finance Division Abdur Rouf Talukder, BIFFL executive director and CEO SM Formanul Islam, Finance Division additional secretary Md Ekhlasur Rahman, Power Division additional secretary Rahamat Ullah Mohd. Dastagir, Chief Representative of JICA Bangladesh Hitoshi Hirata, Senior Financial Sector Specialist AKM Abdullah among others, were present at the inaugural session of the convention. SM Farmanul Islam handed over Tk 64 crore as last year`s profit in the hand of Finance Minister Muhit during the inaugural ceremony. This year around 100 organisations from Germany, Japan, China and host Bangladesh will display technologies and products including green brick, energy efficiency, renewable energy, green building or industry materials, waste treatment technology. The expo will be open for trade and public visitors from 10 am to 6 pm.
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Govt to conduct survey to supply LNG in Payra
Dhaka lines up deal to get Aramco investment
Bangladesh receives interest from 12 firms to build LNG terminal
Higher Asian prices, European gas stocks trigger LNG flow reshuffle
Power sector needs 1,000 engineers in next 5yrs: Nasrul
A new era of mini grid solar power plant
Beximco to distribute Norwegian composite LPG cylinders in Bangladesh
Unitex Group plans to establish LPG terminal plant
Planning Commission okays 100MW solar plant in Feni
Nazimuddin Chowdhury new energy secretary
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