Dhaka, Sunday, September 23, 2018 04:56 AM
Efficiency & Conservation
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OTHER TOP STORIES
Shamsur Rahman made BPC Chairman
Hasina, Modi inaugurate construction of 130km cross-border oil pipeline
Dhaka, Moscow sign protocol amending Rooppur nuclear power deal
Partial production at Barapukuria power plant resumes
Chattogram starts getting 300mmcfd LNG
All Other Top Stories
‘Nearly 20,000 people to be employed at Rooppur nuclear power plant’
Job & Advertisement
BREB chief declares zero tolerance against bribe
The Bangladesh Rural Electrification Board (BREB) chairman has issued a strict order to the engineers, officers and staff of the board to stop corruption and irregularities at the field-level. Zero tolerance will be showed against bribe, corruption and irregularities in delivering services to the BREB subscribers, warned Major General (Retired) Moin Uddin. He was speaking as the chief guest at a conference, organised by the board for its deputy general managers (DGMs) at the BREB head office in the capital on Saturday. More than 300 DGMs along with BREB’s field-level superintendent and executive engineers under the 80 Rural Power Cooperatives (Palli Bidyut Samity) across the country took part in the conference. Addressing the programme, Moin Uddin gave a strict order to them to adhere to the zero tolerance policy and ensure subscriber-friendly services at the field level. “Action will be taken against those who will be found involved in any sort of corruption, bribery and irregularities in delivering services to the clients,” the BREB chairman said. BREB members Joynal Abedin and Md Mostafa Kamal were present, among others.
Drawback in power sector during BNP regime ‘unprecedented’: PM
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AIIB helps Bangladesh reach energy targets with up to $274 in Investments
‘Nasrul visits Dighipara coal mine site to observe feasibility study program’
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Friday visited Dighipara Coal Mine site in Dinajpur to observe the feasibility study program going on there. Engr. Habib Uddin Ahmed, Managing Director of the Barapukria Coal Mining Company Ltd informed energynewsbd.com about the visit of the State Minister in Dighipara. Habib Uddin said Barapukria Coal Mining Company has been implementing the project ‘Feasibility Study for Development of Dighipara Coal Field’ with its own funding. Upon the implementation of the project, a total of three million ton coal will be extracted annually from there. The Managing Director said that Nasrul was informed about the ongoing activities under the project during his visit. He expressed satisfaction about the progress made there. The survey for the feasibility study of a potential mine in six square kilometer area of Dighipara is going on. If this mine is established here, it will be possible to extract about three million ton of coal annually from there which will account for producing 1250 MW of electricity. The State Minister was also informed about the condition of rail transport from Dighipara coal mine upto Jamuna River. Expressing satisfaction about the overall works going on there, Nasrul said, only survey is going on in the project site. Basing on the survey result, the direction of the Prime Minister Sheikh Hasina who is also in charge of energy ministry and the opinion and demand of the local people, decision for developing a mine here will be taken. During Nasrul’s visit, local lawmaker Md Shibli Sadique, Power Development Board Chairman Khaled Mahmud, Barapukria Coal Mining Company Managing Director Habib Uddin Ahmed, Company Secretary Md Abul Kasem Pradhania and Project Director Khan Md Zafor Sadiq were present. In May 30 this year, Barapurkria Coal Mining Company signed a contract with a joint consortium of German based MIBRAG Consulting International GmbH, FUGRO Consult GmbH and Australia based Runge Pincook Minaroo Limited for conducting a feasibility study there. As per the contract, survey for the feasibility study will be conducted there for a period of 27 month.
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Nuclear plant being implemented with full security measures: PM
Prime Minister Sheikh Hasina on Saturday said the Rooppur Nuclear Power Plant is being constructed with taking full security measures, adding the design of the plant has been developed in such a way that it will not succumb to any accident–natural or man-made. Highest measures are being undertaken to avoid any sort of risk for the people, she said, adding that Russian Federation will take back spent nuclear fuel of the plant and a deal has been signed in this regard. The prime minister said this while addressing a gathering on the occasion of the First Concrete Pouring Ceremony of the Second Unit of Rooppur Nuclear Power Plant here. Prime Minister Sheikh Hasina hoped that the Rooppur Nuclear Power Plant would play an important role in the journey to turn Bangladesh into a middle income country. She said electricity is a key element for socio-economic development and adequate and reliable supply of electricity is an important prerequisite for attracting both domestic and foreign investment. The government has taken steps to reach electricity to all citizens and various productive sectors as electricity is in the priority list of the demand of the people. Deputy Prime Minister of Russian Federation Yury Ivanovich Borisov attended the function as the special guest with Minister for Science and Technology Yafes Osman in the chair. First Director General of Rosatam Laxin Alexander, Director of International Atomic Energy Agency Dohee Hohn spoke, among others, on the occasion while Secretary of Ministry of Science and Technology Md. Anwar Hossain gave welcome address with an overview of the power plant. Cabinet members, PM’s advisors, officials of Bangladesh Atomic Energy Commission and Bangladesh Atomic Energy Regulatory Authority, senior atomic energy officials of India, Chiefs of three services and senior civil and military officials were present. Sheikh Hasina conveyed her gratitude to the Russian government and its people for extending their support to the project. With the first concrete pouring of the second unit, Sheikh Hasina hoped that construction of the Rooppur Nuclear Power Plant will be completed within the stipulated time and Bangladesh would become 33rd country of atomic energy club. First Concrete of the First Unit of Rooppur Nuclear Power Plant was poured on November 30, 2017 and in last seven months, the work of the first unit made a good progress. Sheikh Hasina said in order to have a sustainable power supply, her government, in the energy policy, has laid importance on alternative sources of energy like solar power, nuclear power, wind energy, etc. alongside fossil fuels. As part of a master plan of the electricity producing, the government hastaken decision for commissioning the Rooppur Nuclear Power plant with total capacity of producing 2,400 megawatts of electricity by 2023-2024. Terming the construction of Rooppur Nuclear Power Plant a long-cherished dream of the nation, the prime minister said, the seed of the dream was sowed in 1961 when some physical works, including land acquisition, were completed. But the Pakistan government abruptly stopped the work and shifted the plant to West Pakistan showing step-motherly attitude to the East, she said. The premier said the Rooppur Nuclear Power Plant was a dream project of Bangabandhu. After independence, he took an initiative to construct nuclear plant and started work. But the entire project was abandoned after his brutal assassination in 1975. Sheikh Hasina said no government for long 21 years had taken any initiative for the project. The Awami League government, after coming to power in 1996, worked out a time-bound plan with International Atomic Energy Commission-IAEA. But before completion of the entire process, the tenure of that government was expired. After coming to power in 2001, the BNP-Jamaat government stopped implementation of many people-oriented programs, including the Rooppur power plant project, she said. Sheikh Hasina said after assuming office in 2009, her government had revived the project and came to an agreement with Russian Federation for implementation of the project. “As a trusted friend, Russia not only extended material and moral support to our liberation war in 1971, but also took part in rebuilding war-ravaged Bangladesh after its independence,” the prime minister recalled. Now country’s total capacity of electricity production rose to 18,353 MW and 90 percent people is under electricity coverage. Over 4.5 million solar home systems have been set up in the areas where transmission line is difficult to be reached, she said. About the concern of a section of the people over safety of the nuclear power plant, the prime minister said safety of nuclear power plant is indeed crucial and we are very much aware of it. “We are strictly following the IAEA safety standards and other relevant guidelines as well as international good practices in building the Rooppur power plant,” she said, adding that the Rooppur plant is being constructed with G3+ Russian reactor which contains the latest technologies for safety measures and radiation control system. Sheikh Hasina said the government has enacted the Bangladesh Atomic Energy Regulatory Act- 2012 to strengthen national nuclear regulatory infrastructure to ensure safe and secure applications of nuclear techniques. An independent nuclear regulatory authority – Bangladesh Atomic Energy Regulatory Authority (BAERA) has been formed and bilateral relationship with nuclear regulatory bodies of the Russian Federation and India as well as IAEA has been established for the capacity building of the regulatory authority. The President of Russian Federation has assured me of the safety issue. The construction firm Atomstroyexport has been constructing the plant maintaining international standards and ensuring all safety issues, she said. The prime minister said the government has taken initiative for creating necessary manpower for safe operation of the Rooppur Nuclear Power Plant. Recruitment of personnel and staff and their training in India and the Russian Federation have already been started, she said. “Not only for Rooppur Power Plant, we are also preparing skilled manpower for maintenance of our Satellite Bangabandhu-1, “Sheikh Hasina said. “We have no dearth of talented youths. If proper training is given, our youths would be able to operate these high-tech machineries,” the premier added.
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Rosatom starts training for Rooppur NPP staff in Russia
Installation of the ‘corecatcher’ begins at Rooppur Nuclear Power Plant
Petronet submits proposal to set up $1 billion LNG terminal in Bangladesh
Petronet LNG Ltd, India’s biggest liquefied natural gas importer, has submitted a firm proposal to set up an LNG import facility in Bangladesh at an investment of about USD 1 billion, its Managing Director and CEO Prabhat Singh said. Petronet had last year signed a MoU with Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG on Kutubdia Island in Cox`s Bazar and lay a 26-km pipeline to connect it to the consumption markets. The firm has now made a formal proposal with techno-economic details including the cost to the Bangladesh government for approval, Singh said. "We have told them that we can build the land-based LNG receipt facility in 42 months from the date of receiving all approvals," he said. The project envisions future expansion and can be used for supplying LNG through small barges and LNG trucks to users which are not connected by the gas grid. Once Bangladesh government accepts the proposal, a formal pact will be signed between Petronet and Petrobangla, he said. Kutubdia islands has a natural harbor with a good draft and a natural breakwater, ideal for setting up LNG terminal. The proposed terminal is beside the one Bangladesh is looking to set up at Matarbari in Moheshkhali Island of Cox`s Bazar district or Anwara, Chittagong. The terminal, to be set up on the build-own-operate basis, will supply gas to power plants. Bangladesh has a lot of unmet demand. Gas demand is projected to more than double to 45 million tonnes from the current 20 million tonnes in next 20 years. Excelerate Energy is looking at setting up a floating terminal at Moheshkhali. Originally, Petronet was one of the five global energy firms shortlisted for setting up the LNG import terminal. The others shortlisted included Anglo-Dutch super-major Shell, China`s Huanqiu Contracting and Engineering, Tractebel Engineering of Belgium and Japan`s Mitsui. Only Petronet now remains in fray for the project. Bangladesh is looking at importing gas to ease its energy crisis in southeastern Chittagong region, which was once almost self-reliant in natural gas but started facing a supply crisis in 2006 as output diminished from the Sangu gas field. The country`s sole offshore gas well, Sangu-11, was permanently closed in October 2013. As a result, some plants are running below the capacity and a few have been shut due to non-availability of gas. The LNG terminal will supply gas to a proposed 1,000 MW combined cycle power plant as well as the existing power plants in Raozan and Sikalbaha through a planned pipeline. Bangladesh is also looking at setting up a floating LNG import facility in the Bay of Bengal. The Floating Storage and Re-gasification Unit (FSRU) of 500 million cubic feet a day capacity can, however, meet only a part of the growing demand for gas in power, fertiliser, factory, and industry.
Chattogram starts getting 300mmcfd LNG
Chevron largest natural gas producer in Bangladesh
National grid gets additional 16mmcfd of gas from Habiganj field
Bangladesh urges French help for energy sector
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has sought French cooperation in enhancing the capacity of the energy sector officials, especially in the operation of state-owned refinery being set up in Chattogram. He made the call when French Ambassador in Bangladesh Marie Annick Bourdin met him at his Energy Ministry office on April 8, said a press release. Currently, Techinp, a French company, remained engaged in setting up the second unit of state-owned Eastern Refinery in Chattogram. Besides, French firm Lafarge and other companies have investment in different sectors, including cement and clean energy. Welcoming the French ambassador, Nasrul Hamid said France has been one of the leading development partners of Bangladesh. He said both the nations will be benefited if they work together for different development projects. Both the state minister and the ambassador discussed various issues, including progress on different other projects involving bilateral interests of the two countries. The state minister said both Bangladesh and France have to continue efforts to further strengthen cooperation between the two countries.
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‘LPG users being brought under insurance’
The government has taken a plan to bring users of liquefied petroleum gas (LPG) under insurance facilities so that they can get financial compensation for any accident. The initiative was taken following an accident risk of distribution irregularities as the use of the gas has increased manifold on local market. To this effect, a guideline will be formulated soon, said an official of Energy and Mineral Resources Division. Recently, a meeting has been held at Energy Division to elaborately discuss the use and risk of LPG. State Minister for Power, Energy and Mineral Resources Nasrul Hamid was present at the meeting. At the meeting, the authorities concerned recommended bringing LPG users under insurance facilities. The official also said LPG use has been increased 5-6 folds in the last few years. In the future, LPG will be used as fuel in household sector about cent percent. So, it is urgent to bring the consumers of the sector under insurance facilities. The official further said the ministry concerned will hold separate meetings with LPG distributors in this regard. The companies will have take responsibility for the security of their consumers, he added. Every company can make a database through registering their consumers. Later, it can bring its registered consumers under insurance facilities so that they can get financial compensation in case of accident, says a statement presented by Energy and Mineral Resources Division Deputy Secretary (Operation-2) Akramuzzaman at the meeting. Besides, LPG users should be aware of any accident. Security measures should be taken to avoid any accident. Recommendation was also made to test LPG cylinders after a specific date. A modern safety regulator should be used to fend off any accident. Speaking on the occasion, Energy Junior Minister Nasrul Hamid said people now use a huge quantity of LP gas for cooking. But they are not following safety measures. The government is taking measures to ensure safe and long-lasting use of LPG.
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13,000 ‘char’ villagers come under solar power network
Solar power has brought a social change in many hard-to-reach villages under Char Ashariadaha union council under Godagari upazila of the district. Although having the problems of food and healthcare services the villages have become enlightened with uninterrupted electricity generated from solar panel. The power also brings many positive changes to living and livelihood condition of the villagers in many ways. Talking to the news agency, solar power user Rahmat Ali of Char Bhubanpara said he could not even think about electricity an era ago though it has become a reality as the villagers there can avail of this facility. Union council Chairman Md Sanaullah said around 30,000 people live in the villages and 13,000 of them in six villages got the power supply connections. The beneficiary villages are: Ashariadaha, Panipar, Bhubanpara, Kanpara, Hanumantanagar and Nawshera. He said the char villagers and owners of the solar power units neither suffer from low-voltage nor load shedding and some of them are crushing paddy at nights using electricity from solar plants. "The char people are watching television programmes to become aware of drugs, child marriage, malnutrition and dowry and using fans, bulbs and refrigerators, charging mobile phone sets, operating computers and doing other daily jobs," Sanaullah added. Housewives Monwara Begum of village Char Nawshera and Anjuara Khaatun of Char Hanumantanagar said they are getting uninterrupted supply of power using solar technology. AVA Mini Grid Project commissioned 594 pieces of solar panels with financial initiative of Infrastructure Development Company Limited (IDCOL) providing power supply to six villages, scattered from the main land by the Padma River. "We have started the solar panel and supply line installation works with an estimated cost of around Tk 100 million on November 6, 2015," said Engineer Millat Hossain, plant manager of the project. At present, the panels are generating 148.5 kilowatts electricity and the villages are getting power through the distribution line. Engineer Hossain said the villagers are enjoying the power supply facilities through prepaid card system and they are happy. Union council chairman Sanaullah said IDCOL has brought solar home systems to his villagers. The small solar panels provide enough electricity to charge a phone, run a fan, turn on a light or a TV for the evening hours. Often, in fact, these solar panels perform better than the country`s electric grid, despite their shortcomings. He added that the ability of households to earn an income from their solar systems through the nanogrid opens up innovative business possibilities. For instance, households could reinvest their profits from solar energy trading to upgrade their solar technology to generate even more electricity and thus, profit. Overnight, simple solar users are turned into smart entrepreneurs earning money real-time once their solar systems start producing a surplus of solar electricity.
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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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Adani builds coal-fired power plant in India to send energy to Bangladesh
Godda, in the Indian state of Jharkhand, is surrounded by the country’s most productive coalmines. It will soon also be home to the Adani group’s latest coal-fired power station, a plant built for the sole purpose of sending energy across the border to Bangladesh. Adani has framed its planned 1,600-megawatt Godda power plant as a humanitarian venture. In a statement to Guardian Australia, the company said it had acted “in the large interests of our neighbours, the people of Bangladesh” by inking the deal. But market analysts say the supply agreement is anything but benevolent. The tariffs quoted by the Bangladesh Power Development Board are about double the current cost of solar and wind power in India. Tim Buckley, a former head of equity research at Citigroup and now an analyst with the pro-renewable energy group the Institute for Energy Economics and Financial Analysis (IEEFA), says there is a more obvious reason for Adani to build Godda: to prop up the prospects of the proposed Carmichael megamine in Queensland. Two deadlines for Adani to finance Carmichael have come and gone. Buckley said potential investors had balked, partly because there were no “bankable” off-take agreements in place. Effectively, Adani has nothing concrete to demonstrate that it can sell, and profit from, the high-ash coal it plans to extract from the Galilee basin. Adani did not respond directly to a series of questions asking the company to outline specific plans and agreements for Carmichael coal. It said in a statement that “as a significant coal trader in the region, Adani is well-placed to secure customers for Carmichael coal both from within the Adani group of companies and outside the group”. “India remains a key market for Carmichael coal,” the statement said. “We are also targeting growth in demand for seaborne thermal coal from Asia. The seaborne thermal coal market has recorded average per annum growth of 4.9% over the last decade and continued growth is forecast, this will create opportunities for the Australian coal industry.” Initially, Adani had planned to run its own vertically integrated “pit-to-plug” operation, taking coal from the Galilee basin, transporting it to Adani-owned power stations in India, and increasing profits by cutting out middlemen. Up to 16m tonnes a year from the proposed Queensland mine was earmarked for the Mundra power plant in Gujarat. But Mundra has since fallen into serious financial difficulty, making the “pit-to-plug” vision largely untenable. Adani’s subsidiary Adani Power has a net debt of about US$7bn. Last year it offered to sell majority control in the Mundra power station to a government entity for one rupee. Mundra and other privately run coastal power stations have to import coal because of Indian rules that give state-owned entities control over the domestic resource. As world coal prices have spiked, those same power stations have struggled to turn a profit. The Indian association of power producers has claimed that coal is unviable in India at prices above US$70 a tonne. The current price is about US$95 a tonne. Despite Godda’s proximity to India’s coal heartland, Adani would have to import coal to the new plant. The company’s Australian arm has already begun to hint that this will come from Carmichael. At an event in Brisbane last month the chief executive of Adani Australia, Jeyakumar Janakaraj, was reported by News Corp as saying Galilee coal had been “booked”. Buckley estimates the 700km – and 8km/h – train journey to Godda from the coast would add US$16 a tonne to the cost of coal to fuel the new plant, relative to a coastal power plant. He says the deal is clearly not in the interests of Bangladesh, which would bear the costs of imported coal and unnecessary transport. Buckley said the country could import power more cheaply by seeking fuel-agnostic competitive tenders from the Indian market. “The logistics of the proposal can only work because the power purchase agreement allows Adani Power to pass the full cost of importing the coal on to Bangladesh.” “Godda would lock Bangladesh into expensive electricity with high emissions at a time when cleaner, cheaper alternative sources of energy are rapidly being deployed across India,” Buckley said. The deal with Adani has prompted protests in Dhaka on environmental grounds that have had to be broken up by police. Prof Ijaz Hossain, an analyst in Bangladesh, says the country “is in a precarious situation”. “The main reason is we used to depend on natural gas, but it’s running out,” Hossain says. He says even under the best options, the cost of electricity is going to rise fivefold in the country in coming years and the Adani deal would provide electricity in greater quantities than Indian public-sector companies could provide. “The reality in terms of getting electricity in Bangladesh is: expensive electricity or no electricity. So any electricity coming from any source that is cheaper than the options we have is a good deal. “We need thousands of megawatts. If the [Indian public sector] could give us 5,000MW I would say, take it. But where will they get it from? “So if sourcing the coal is done by the Adani group, it’s very favourable for Bangladesh. This is a good project for Bangladesh if it takes off.” Reports this month suggested the governments of India and Bangladesh were discussing a low-cost 2000MW solar power supply arrangement to Bangladesh. Adani said in a statement that “the electricity supply agreement and proposed power project have been envisaged after due diligence and prudent planning in the large interest of our neighbours – the people of Bangladesh”. “The [IEEFA] report is based on certain assumptions and inferences, which are inconsistent with the factual aspects of this initiative between the two nations. Its authors/activists have not consulted us to check the facts”.
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OPEC meets to extend oil cuts for up to one year
OPEC and non-member oil producers are gearing up to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices. The Organization of the Petroleum Exporting Countries is to discuss in Vienna whether to prolong an accord reached in December in which it and 11 non-members agreed to cut oil output by about 1.8 million barrels per day in the first half of 2017. Most OPEC ministers, delegates and the market see a nine-month extension - instead of the initially suggested six months - as the base-case scenario but some countries including Russia have suggested an unusually long duration of 12 months. "I think nine months is most likely," one OPEC delegate said. Four other delegates agreed it was the most probable outcome. OPEC`s de facto leader, Saudi Arabia, and top non-OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel. OPEC sources have said the Thursday meeting will also highlight the need for long-term cooperation with non-OPEC producers. The group could also send a message to the market that it will seek to curtail its oil exports, which have not declined as steeply as its production. However, a decision on deeper output cuts is unlikely on Thursday, sources have said. By 0725 GMT, Brent crude was trading up almost 1 percent, above $54.40 a barrel. OPEC`s cuts have helped push oil back above $50 a barrel this year, giving a fiscal boost to producers, many of which rely heavily on energy revenues and have had to burn through foreign-currency reserves to plug holes in their budgets. Oil`s earlier price decline, which started in 2014, forced Russia and Saudi Arabia to tighten their belts and led to unrest in some producing countries including Venezuela and Nigeria. "Russia has an upcoming election and Saudis have the Aramco share listing next year so they will indeed do whatever it takes to support oil prices," said Gary Ross, head of global oil at PIRA Energy, a unit of S&P Global Platts. The price rise this year has spurred growth in the U.S. shale industry, which is not participating in the output deal, thus slowing the market`s rebalancing with global stocks still near record highs. OPEC has a self-imposed goal of bringing stocks down from a record high of 3 billion barrels to their five-year average of 2.7 billion. Algerian Energy Minister Noureddine Boutarfa told Reuters on Wednesday he believed that inventories should normalise by the end of 2017.
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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
Bangladesh needs $82 billion investment in power to be developed country
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said massive initiatives are underway to build a developed Bangladesh by 2041. The power sector needs US$82.5 billion in this regard while US$ 22 million has already been invested in the sector, he said while addressing at a session on “Power for Human Development” at the ‘Rising Bangladesh’ conference at Loeb House of Harvard University in Boston, the United State on May 12, 2018. Bangladesh has been working to increase power generation as it needs 60,000 megawatt (MW) of electricity to be a developed country by 2041, he also said. International Sustainable Development Institute (ISDI) of Florida and Centre for International Development of Harvard Kennedy School and Lakshmi Mittal South Asia Institute of Harvard University jointly organised the conference, said a press release. “Currently the power generation capacity of the country has reached to 16,046 MW while the government is working relentlessly to reach the general capacity 24,000 MW by 2021 to be a middle income country,” he said. Hamid said the government fixed 35 per cent natural gas, 35 per cent coal, import of renewable energy 10 per cent and nuclear and other sources 20 per cent as fuel mix for power generation in the Power System Master Plan-2018. Besides, the government is making optimum utilisation of modern technologies to develop power distribution and transmission system and the automation work is going on, he said. “We have undertaken to introduce enterprise resource planning (ERP) applications and supervisory control and data acquisition (SCADA) systems,” the state minister said. “The government encouraged private investment in the power and energy sector and meanwhile 50 percent electricity is generating from private sector,” he said, adding, “Initiative has been taken to handover a proportion of distribution and transmission line of power under private sector.” Nasrul said installment of smart grid and introduction of cashless payment technology in the power sector is a demand of time and then the power would transform into merit goods from public goods. He, however, said the power management would be people oriented with more investment, use of modern technology, taking appropriate plan and enhancement of capability of employees. Prime Minister’s Economic Affairs Advisor Dr Mashiur Rahman, Principal Coordinator (SDG Affairs) to the Prime Minister’s Office Abul Kalam Azad, Executive Chairman of Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam and General Secretary of Bangladesh Economic Association (BEA) Dr Jamaluddin Ahmed spoke on the occasion.
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Neil Menzies appointed president of Chevron Bangladesh
Neil Menzies has been appointed president of Chevron Bangladesh, effective June 3, 2018. Prior to this assignment, Menzies was deputy managing director of Chevron’s Eurasia Business Unit. In his new role, Neil will lead Chevron’s partnership with the Government of Bangladesh to continue providing reliable and affordable energy to the people of Bangladesh, said a press release. Chevron is one of Bangladesh’s largest investors, supplying over 50 percent of the country’s natural gas production and making a significant contribution to healthcare, education and economic development of communities. Neil succeeds Kevin Lyon, who has been president of Chevron Bangladesh since January 1, 2015. Lyon has been appointed special advisor Chevron IndoAsia Business Unit, based in Jakarta, Indonesia, effective June 1. Neil holds a master’s degree in petroleum engineering and joined Chevron as a petroleum engineer in 1998. During his Chevron career Neil has held numerous technical and management positions of increasing responsibility across Chevron’s global operations including the United States, Kazakhstan, Thailand and the United Kingdom. Commenting on his appointment, Neil said: “I have come on board at an exciting time for Bangladesh and its energy sector, with our strong business driven by our talented Bangladeshi workforce, and their commitment to world-class performance.” “I look forward to building on Kevin’s strong and collaborative relationship with Petrobangla, the Government of Bangladesh and business stakeholders, so we can continue to work together to power Bangladesh’s growth for years to come.” Chevron operates and holds a 100 percent interest in Block 12 (Bibiyana Field) and Blocks 13 and 14 (Jalalabad and Moulavi Bazar fields). Net oil-equivalent production in 2017 averaged 111,000 barrels per day, composed of 642 million cubic feet of natural gas and 4,000 barrels of condensate. Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif.
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