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‘Speedy energy supply act may get 3-yr extension’
The government is likely to extend the Speedy Supply of Power and Energy (Special Provision) Act 2010 to implement development plans quickly in the power and energy sector. The special law, which will expire in October 2018, may be extended by three more years. Earlier, it got extension two times. The extension of the law will be made to rapidly implement development plans undertaken till 2021. A long time is needed to implement projects in the traditional tender procedure. So, the speedy act was formulated in 2010 to speedily implement the projects. Meanwhile, opinions about further extension of the law have been taken from the ministries of finance, commerce, public administration and foreign affairs. After taking an opinion from the Law Ministry, a proposal will be placed before a cabinet meeting. After an approval from the cabinet, it will be sent to parliament for its passage. Mohammad Hossain, Director General of the Power Cell, said the time limit of the law will expire next October. A proposal has made for a three-year extension of the law till October, 2021. He also said it has been possible to speed up development activities in power sector for the establishment of quick rental power plants under the law. The law provides “Notwithstanding anything contained in the Public Procurement Act, 2006 or any other law for the time being in force, the provisions of this Act shall prevail. No question regarding the validity of any act done or purported to be done, any action taken or any order issued or direction given under this Act shall be raised in any court.”
Efforts on to ensure smooth power supply at affordable price: Nasrul
May 6, 2018 Sunday 10:49 PM By BSS
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Sunday said the government is working to supply electricity smoothly and speedily at affordable prices along with ensuring clean energy. “Bangladesh is progressing fast and to maintain this trend, we need uninterrupted power supply in the country,” he said, speaking as the chief guest at a workshop at a local hotel in Dhaka. Power, Energy and Mineral Resources Ministry, Monash University and RMIT University jointly organized the two-day workshop on ‘Power and Energy Sector Infrastructure Development and Management’ in association with Department of Foreign Trade Affairs of Australia. Chaired by Professor of Monash University Quamrul Alam, the workshop was moderated by Power Cell Director General Engineer Mohammad Hossain. Australian High Commissioner to Bangladesh Julia Niblett spoke at the programme as the special guest while Power Division Secretary Dr Ahmed Kaikaus delivered the welcome speech. Energy expert Engr Saleque Sufi and high officials were present at the workshop. Chancellor of Central Queensland University John Abbott spoke on coal-fired power plants and the future global scenario while Vice-Chancellor of Central Queensland University Professor Scott Bowman and Monash University Professor Julie Wolfram Cox delivered their speeches on the subject. The state minister said the country needs skilled and efficient manpower to build the next developed Bangladesh. “This manpower could be built through improved training programmes,” he said, adding 90 officials of power and energy sector received training funded by Australia. He said the country is marching forward with a vision of development under Prime Minister Sheikh Hasina, as the people will enjoy the facilities of a developed Bangladesh facility by 2041.
Category: Others
Bangladesh Power Management Institute’s training starts
May 6, 2018 Sunday 6:49 AM By Staff Correspondent, energynewsbd.com
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Saturday underscored the need for better use of technology to provide quick service. “It’s time to research on artificial intelligence and use it how to get more electricity along with the energy sector,” he said this, while inaugurating a training programme as the chief guest at Biduyt Bhaban in Dhaka. Bangladesh Power Management Institute organised the first training programme on Project Formulation, Implementation, Monitoring and Evaluation. The state minister said, “No organization can improve without skilled and dedicated staffs. There is no alternative to training for increasing efficiency.” He said Bangladesh Power Management Institute (BPMI) has been formed to establish international standard training institutes like IIT, AIT or MIT, adding, “A complete residential (BPMI) would be established on 25 acres of land at Keraniganj near the capital city.” Chaired by Power Division Secretary Dr Ahmad Kaikaus, the programme was also addressed, among others, by Rector (Additional Secretary) of BPMI M Mahbub-Ul-Alam , Chairman of Bangladesh Power Development Board Engineer Khaled Mahmood and Power Cell Director General Engineer Mohammad Hossain.
Category: Others
Rahmatul Muneem made Energy and Mineral Resources Division secretary
April 11, 2018 Wednesday 11:51 PM By Staff Correspondent, energynewsbd.com
The government has appointed Abu Hena Md Rahmatul Muneem, Chairman of Bangladesh Petroleum Corporation (BPC), as the Secretary of Energy and Mineral Resources Division. The appointment was made on Wednesday, said a Public Administration Ministry notification. Presently, Nazimuddin Chowdhury is doing the job of Secretary of Energy and Mineral Resources Division. His contract will expire on May 9 this year. So, new secretary Rahmatul Muneem is expected to join on May 10. Muneem, a BCS officer (administration) of 84 batch, did many remarkable works after joining BPC. The works include regular campaign to stop stealing fuel oil, modernization of filling station policy of fuel oil, removing complexity of condensate supply and its use, formulation of draft of lube oil policy, pipeline construction project for fuel oil transport under the supervision of the Bangladesh Army and the Navy. He completed his honors in 1981 and masters in 1982 from the Geology Department of Dhaka University. On January 21, 1986, he joined the Establishment Ministry as assistant secretary. He was born in Sirajganj on January 6, 1961.
Category: Others
Akram-Al-Hossain next BPC chairman
April 11, 2018 Wednesday 9:08 PM By Staff Correspondent, energynewsbd.com
The government has appointed a new chairman for state owned Bangladesh Petroleum Corporation (BPC). Public Administration Ministry has issued a circular in this regard on Wednesday. Md. Akram-Al-Hossain, additional secretary has been made the new chairman of BPC with the status of an acting secretary. The post of BPC chairman was vacant after the previous chairman Abu Hena Md Rahmatul Muneem was appointed as the Secretary of Energy and Mineral Resources Division.
Category: Others
165 students to run internship this year at Power Division: Nasrul Hamid
April 10, 2018 Tuesday 7:51 PM By Staff Correspondent, energynewsbd.com
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said Power Division has given the opportunity to 165 young students for the second time to run internship at different offices in the current year. He made the disclosure while addressing certificate giving ceremony among 100 students of the first internship project held last year and orientation programme for the new 165 students in the capital`s Biduyt Bhaban on Monday. The internship programme is being jointly implemented by the Ministry of Power, Energy and Mineral Resources and the private research organisation Centre for Research and Information (CRI). At the function, the State Minister said that internship system is available in the developed world to build up skilled manpower. In Bangladesh, Power Division is the first to introduce this training. Hamid said internship will play a great role to cope up with the future workplaces as job training or internship creates skilled manpower. The ministry will increase the number of internship for students to 500 soon, he said. So far, the CRI has given the opportunity to work for 26,500 students as jobs, training and voluntary work in various ministries, Nasrul informed the audience. Power Cell Director General Mohammad Hossain said our moral responsibility is to make today`s youths fit and skilled to get the benefits of demographic dividend fast.  “If you take ideas from work environment beforehand, you can work smoothly in the offices with more confidence. As a result, it is possible to speed up the development of individuals and organisations,” Hossain opined. Power Division Secretary Ahmad Kaikaus and BPDB Chairman Khaled Mahmood also spoke, among others.
Category: Others
BIFFL observed its 7th AGM
March 29, 2018 Thursday 6:22 PM By News Desk, energynewsbd.com
Bangladesh Infrastructure Finance Fund Limited (BIFFL) has observed its 7th annual general meeting (AGM) on 27 March 2018. In the meeting, the shareholders approved the audited financial statements for the FY-2017 and declared the stock dividend of Tk 49 crore in the form of bonus shares leading the company’s paid up capital to Tk 2,108 crore and cash dividend of Tk 15 crore in favor of the government of Bangladesh against its shareholding, represented by the Finance Division of Ministry of Finance, said a press release. Established in 2011, BIFFL finances PPP projects, other infrastructures as well as environment friendly and energy efficient projects for sustainable infrastructure development of the country. It has already financed Tk 1716.27 crore in Power, Economic Zones, Tourism and Hospitality Management, Health and Environment friendly projects, and another Tk 1500 is waiting to be disbursed. Finance division acting secretary and chairman of BIFFL Mohammad Muslim Chowdhury presiding over the 7th AGM of BIFFL. Other directors and shareholders bridges division senior secretary Khandker Anwarul Islam, energy and mineral resource division secretary Nazimuddin Chowdhury, power division secretary Dr. Ahmad Kaikaus road transport and highways division secretary Md. Nazrul Islam, economic relations division secretary Kazi Shofiqul Azam, acting secretary of Prime Ministers Office Sajjadul Hassan, executive director and CEO of BIFFL S M Formanul Islam, company secretary Mohammad Khan and other officials along with the external auditors of the company were present in the meeting.
Category: Others
Wärtsilä celebrates 20 years of shaping the power sector in Bangladesh
March 15, 2018 Thursday 6:48 AM By News Desk, energynewsbd.com
The technology group Wärtsilä celebrated 20 illustrious years of close partnership and development of the energy scene in Bangladesh. Wärtsilä, a global leader in smart technologies and complete lifecycle solutions for the energy and marine markets, has played an essential part in the country’s journey towards getting everyone under the national grid. This grand celebration was graced by JaakkoEskola, President and CEO of Wärtsilä Corporation, Javier Cavada Camino, President of Energy Solutions at Wärtsilä Corporation and many other distinguished guestsat a gala dinner held at a city hotel on March 13. Eskolathanked business partners and all stakeholders, reiterating the company’s commitment to Bangladesh. “We recently launched our company purpose – enabling sustainable societies with smart technology. Central to the purpose is our commitment to promoting a low emissions economy, and providing intelligent ways of producing and using energy.” said JaakkoEskola, President and CEO, Wärtsilä Corporation. “Uninterrupted power supply in Bangladesh is integral to the growth of the country and we are committed to further invest here to ensure a steady power supply. Through our work, we have proudly served in developing local human resources that has helped to invigorate the growth of the power industry.” said Jillur Rahim, Managing Director, Wärtsilä Bangladesh. Over the last 20 years, two workshops and a spare parts warehouse facility has been setup to provide enhanced support to the power plants customers here.
Category: Others
‘Bangladesh Energy Regulatory Commission will be a world class institution by 2030’
March 11, 2018 Sunday 10:26 PM By Staff Correspondent, energynewsbd.com
Bangladesh Energy Regulatory Commission (BERC) Chairman Monowar Islam said the Commission is working hard to make it a world class organisation by 2030. This regulator of energy and power sector is going to celebrate its 16th anniversary for the first time on March 13. On this occasion, Monowar talked with energynewsbd.com about its mission, vision, current activities and future plan. The BERC Chairman said, since its inception, the Commission has achieved a lot of success. For an organisation as large as it is, 16 years is not quite a big period of time. He added, Bangladesh will become a middle-income country by 2021 and a developed country by 2041. The Commission has this target in mind and is working accordingly to establish itself as a world standard body. He said that to ensure accountability and transparency, BERC is restructuring its whole operational procedures. Previously, it used to have one commission meeting in a month, now the meeting is conducted on a weekly basis. The coordination meeting is also conducted every month regularly. Monowar said one of the chief responsibilities of the commission is to dispute resolution between consumer or investor with the licensees (of any agency or company in the energy and power sector). “There were a number of pending cases between these mentioned parties. The cases were being dragged along for a long time. The number of cases that was disposed in last one year is way more than the number of cases being disposed since BERC’s formation,” said the Chairman. He said that now a thorough supervision is done on the number of cases filed, disposed and pending by the commission. Then the cases are assigned to BERC officials on an impartial basis for their resolution. “This is how we are working relentlessly to ensure good governance and transparency in the energy and power sector.” In the same manner, said Monowar, the Commission is issuing license to the applicants of energy, power and petroleum sector on a periodic basis after assessing their applications. Citing example, he referred to what an investor said recently—that on earlier occasions, it would have needed even two to three years for a license but now the same is being done within a span of five to six days. “It is made possible as now the officers and staffs feel they have certain responsibilities to accomplish on time,” he said. The BERC Chairman said one of the important tasks of the Commission is to motivate private entrepreneurs for investment in the sector, providing services and assistances to consumers as well as agencies and companies of the energy and power sectors. “We are also working for efficient usage of energy. We plan to introduce energy auditing. This is one of biggest challenge in front of us,” he said. He said recently, the commission needed to re-fix the prices of gas and electricity. Those were done following a certain procedure. The commission hears voices from all stakeholders including the consumers. “The decisions were made after the hearings. Many might feel discontent about the decisions. Even the agencies and the companies sometime feel that the price increase is not done up to their satisfaction as they are not going to get the tariff which they would have liked. Meanwhile, it is common for a consumer to be unsatisfied with a price increase but a true consumer also at the same time wants quality service. They want a continuous supply of electricity.” Monowar said, some positive changes have taken place in the commission. A large number of complaints of consumers were pending, those have now been resolved. There were differences among demand charges made by the electricity supplying agencies and companies. Some use to demand Tk 500, some Tk 300 and some even Tk 5000. Consumers used to question these differences. “Now we have tried to bring uniformity in demand charges. Also billing for the relatively poor is made a bit lenient. Previously, they were charged a fixed charge of Tk 100 even if the bill was Tk 45. Now it is changed, If the bill if Tk 45, only that amount is charged. More than 30 lakh consumers get benefitted because of this. Also the prices of electricity have not been increased for another 70 lakh consumers. That’s a matter of relief for the commission,” he said. Monowar believes re-fixing of prices has worked as catalysts in ensuring energy security. “Bangladesh is a developing country. If the companies or the agencies do not get the new tariff, then those will be financially weakened. People would not have gotten the electricity.” The chairman said people have to keep the cost of energy and cost of no energy in mind. The commission has a great role to play in it. “The rate in which we are giving electricity is way more competitive now if we compare it with the rates prevailing in other countries. Even we are way ahead here among our neighboring countries.”  He said in power sector, there were 40 percent system loss but now it has been reduced down to 10 percent. “We are in good position in terms of mitigating system loss if we compare it other countries. But we should not be content about it, we need to do better.” Monowar said, we have fixed a work plan about our future program. We plan to open unified account system, fix delegation of power among the officers and staff, annual performance agreement and annual training plan. At the same time, we are trying to create national integrity approach and anti-corruption mentality among them. We are giving them training on a continuous basis. The BERC Chairman said they are working on to establish a permanent office. “There is also a plan in progress to double the manpower that we have now.”            
Category: Others
BBS Cables Ltd holds its 6th dealers` conference
March 3, 2018 Saturday 5:42 PM By News Desk, energynewsbd.com
Leading cables manufacturing company of the country BBS Cables Limited holds its 6th ‘Dealer Conference 2018’ at the Naboratri Hall of International Convention City Bashundhara (ICCB) in Dhaka on March 01. Chairman Engr Md Badrul Hassan, Managing Director Engr Abu Noman Howlader, Director Engr Md Hasan Morshed Chowdhury, Director Engr Ruhul Majid, Director Ashraf Ali Khan and Senior General Manager (Sales and Marketing) Omar Faruk along with high officials and staffs of BBS Cables Ltd were present at the program, said a press release.   The senior officials of various banks and financial organisations of Bangladesh also took part in the ceremony.  More than thousand of dealers of BBS Cables from different parts of the country participated in the conference. The dealers who met their yearly sales target were awarded zone wise with different gifts including foreign tour packages.
Category: Others
Nasrul Hamid receives Spain`s highest civil honour
February 19, 2018 Monday 4:04 PM By BSS
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has received the ‘Commitment to the Number of the Civil Merit Order’ the highest civil honor of Spain. Spanish Ambassador to Bangladesh Alvaro de Salas handed over the award to Nasrul here on February 17, said a press release from Ministry of Power, Energy and Mineral Resources. Spanish Monarch Felipe VI gave the award to Nasrul for his excellent contribution in developing the bilateral relations between Bangladesh and Spain. "Through this, the relations between the two countries will become stronger in the future and Spain feels proud to adorn the state minister with the honour," the Spanish ambassador said. Nasrul Hamid, on the occasion, thanked Spain for its continuous support to Bangladesh in the UN on different issues. "Bangladesh and Spain hold the same views on global warming, migration, refugee crises, militancy and world peace," he said, thanking the Spanish King for his kind gesture. The state minister said the public and private companies of Spain have much scope of working in the power and energy sector of Bangladesh.
Category: Others
BERC to celebrate 16th founding anniversary
February 18, 2018 Sunday 8:16 AM By News Desk, energynewsbd.com
Bangladesh Energy Regulatory Commission (BERC) will celebrate its 16th founding anniversary with a two-day programme beginning March 12. On this occasion, BERC will organise a seminar on Emerging Role of BERC in 2021 and 2041 on March 13 at Pan Pacific Sonargaon Hotel in Dhaka, Said BERC Chairman Monowar Islam. Finance Minister Abul Maal Abdul Muhith has kindly consented to grace the occasion as chief guest.  Adviser to the Prime Minister for Power and Energy Dr. Tawfiq-e-Elahi Chowdhury, State Minister for Power, Energy and Mineral Resources Nasrul Hamid, Principal Coordinator for SDGs Affairs at Prime Minister`s Office Md Abul Kalam Azad, Energy and Mineral Resources Division Secretary Nazimuddin Chowdhury, Power Division Secretary Dr. Ahmad Kaikaus, Consumers Association of Bangladesh President Ghulam Rahman and FBCCI President Md Shafiul Islam (Mohiuddin) will attend the seminar as special guests. BERC member (Power) Md Mizanur Rahman will present the keynote paper while BERC Chairman Monowar Islam will deliver welcome speech at the seminar. BERC was established on March 13, 2003 through a legislative act of the government of Bangladesh. The commission has the mandate to regulate electricity, gas and petroleum products for the whole of Bangladesh.
Category: Others
BIID expo and dialogue begins on March 1
January 28, 2018 Sunday 10:01 PM By News Desk, energynewsbd.com
ExpoNet Exhibition and in collaboration SREDA with Power Cell will jointly organise a four day-long international Bangladesh infrastructure innovation and development (BIID ) expo and dialogue attracting development of green industries and raise awareness on issues of environment protection, technology and innovation stakeholders. “We organise networking exhibition and trade dialogue to uphold cross border new business horizon,” said Md Helal Uddin, Additional Secretary and Chairman of SREDA to the media at a press conference at Gomoti Hall of SREDA in Dhaka regarding this much awaited annual event on Sunday. Sustainable and Renewable Energy Development Authority (SREDA) announced consecutive innovation and development dialogue of sustainable business practices in Dhaka to promote energy efficiency and conservation at industrial, residential and household level leading to a strong economic infrastructure. The 9th Edition of BIID expo and dialogue-2018 is going to be held at Bangabandhu International Conference Center (BICC) between March 1-4 bridging relationship between the government to government, government to commercial and commercial to commercial in order to find out what`s new and what is working. BIID expo and dialouge - the only international technology exhibition, knowledge sharing and networking conference inspiring sustainability, empowering ecological industrialization and intelligent businesses features to attract a wide spectrum of power and energy, infrastructure and green building, knitting, garments and textile, pharmaceuticals and healthcare and leather and PVC industry stakeholders from country and abroad. During  four-day of the event a big number of international experts, government high officials, local businessmen and specialists including 60 highly reputed speakers will be exchanging knowledge on eco-industry in six different sessions like innovation and development of  pharmaceuticals and healthcare industry, knitting, garments and textile industry, construction infrastructure industry, leather and PVC industry, power and energy infrastructure industry and sustainable investment and CSR benefits or burden. Siddique Zobair, Additional Secretary and Member of SREDA, S M Formanul Islam, Executive Director and CEO of BIFFL, Rashedul Haque, Managing Director of ExpoNet Exhibition, Sk Munir Ahmed, Director of Power Cell, Dilder Ahmed Taufiq, Principle Advisor and Brand Ambassador of BIID-2018, Sumaya Rashid, Country Director of SR Asia Bangladesh, Sanjeevani Vyas, Chapter Coordinator of Fire and Security Association of India,  Khairul Kabir Rumi, Executive Vice President of ExpoNet Exhibition (Pvt) Ltd were also present at the press conference. 
Category: Others
Moin Uddin re-appointed BREB chairman
January 13, 2018 Saturday 11:40 AM By News Desk, energynewsbd.com
Major General (retired) Moin Uddin has been re-appointed chairman of Bangladesh Rural Electrification Board (BREB) for the next three years on a contractual basis days after his retirement. The Public Administration Ministry has issued a circular in this regard on January 10, 2018. Moin, who went on retirement on December 31, 2017, after nearly seven years of his job as the chairman of the electrification board and played a dynamic and effective role in extending the board`s client base to over 21 million from 7.4 million. At the same time, under his tenure BREB managed to cut down system loss to 09.59 per cent from 16.64 per cent, while the number of power beneficiaries rose to 77 per cent from 36 per cent. Moin was born in 1961 in Feni district. After completion of BSc engineering degree (Electrical and Electronic Engineering) from BUET, he joined the Corps of Electrical and Mechanical Engineers (EME), Bangladesh Army and got commission as Lieutenant on February 09, 1983. He also did his MSc engineering degree (Electrical and Electronics - Power) from BUET. Major General Moin Uddin has joined Bangladesh Rural Electrification Board as chairman on 24 October 2011.
Category: Others
Chinese power giant NEPC set up office in Dhaka
January 2, 2018 Tuesday 12:58 PM By BSS
NEPC, one of the Chinese giant power engineering companies, has set up its office here with a long term plan to penetrate Bangladesh market through setting up more power stations as well as importing power generation machineries and equipment. NEPC (China Energy Engineering Group Northeast No 1 Electric Power Construction Co Ltd) is the first ever any Chinese power plant construction company that set up its own full-phased office in Dhaka. "We are giving most priority to the Bangladesh projects as NEPC plants will be responsible for generating around one fourth of the total power generation of this country soon" The Executive Managing Director of Bangladesh Branch Company of NEPC Roy Luo Changqing said while inaugurating the new office at Glass House in Gulshan on December 30, 2017. Currently, NEPC is constructing the 1320 MW coal-fired thermal power plant with eco-friendly clean coal technology, first time in Bangladesh, near Payra port in Patuakhali, one of the landmark power generation projects of the present government. Luo said NEPC took a plan to expand its operation in Bangladesh for mitigating huge demand of power here with the spirit of long lasted friendly ties between Dhaka and Beijing. "We will continue our effort to bring Chinese top power generation technology and top equipment to benefit Bangladesh people and its economy," he said and adding that more Chinese companies are showing interest in operating here as a result of the Bangladesh government`s positive policy on FDI (Foreign Direct Investment) here. Besides the Payra mega project, NEPC is also constructing four more power plants - two in Sirajganj, Unit 2 (225 MW) and Unit 3 (225 MW) and two in Ghorasal Unit 7 (300/450 MW) and Unit 3 (416 MW). NEPC has already set up three power plants in Bibiyana II (345 MW), Meghnaghat (337 MW) and Sirajganj unit 1 (225 MW). Apart from Bangladesh, NEPC, founded in 1951, is working in different countries including Pakistan, Mongolia Indonesia, Vietnam, Laos, Philippines, Iraq, Turkey and some African nations as well.
Category: Others
Engineer Khaled Mahmood appointed as BPDB chairman for 2 years contract
December 31, 2017 Sunday 12:25 PM By News Desk, energynewsbd.com
Engineer Khaled Mahmood has been appointed as Bangladesh Power Development Board (BPDB) chairman for 2 years contract after completion of his regular service as chairman on 22 December. Public Administration Ministry has issued a circular in this regard on December 26, 2017. Khaled Mahmood was born in Mymensingh on December 23, 1958. He obtained BSc Engineering Degree from Bangladesh University of Engineering and Technology (BUET) in Electrical Engineering in 1981. He joined the Directorate of Programme of Bangladesh Power Development Board as an assistant engineer in 1981. In his long career, Khaled discharged his duties in various positions in BPDB. He worked as Sub-Divisional Engineer in Design and Inspection Directorate, Deputy Director (XEN) Programme, Design and Inspection-1, assistant chief engineer in office of the Chief Engineer Generation, Director of Design and Inspection-1, Chief Engineer Generation and Member (Generation). In his Illustrious career, Khaled discharged his duties as an expert especially in international bid document preparation, design and drawing preparation and approval, international negotiation of various power sector activities. Khaled are proud parents of a son and a daughter.
Category: Others
Continuation of subsidy for poor people on energy price suggested
August 19, 2017 Saturday 11:36 PM By BSS
Speakers at a seminar on Saturday said the government must continue subsidy for the poor people even after fixing the energy price on the basis of the market value. They said the energy price might raise three folds in the next 10 years obviously in a transparent way but it should be contained within the limit of the poor people by increasing efficiency in the energy sector. The seminar on Energy Tariff and National Economy was organised by the Forum for Energy Reporters Bangladesh (FERB) at the Biduyt Bhaban in the city. State Minister for Power, Energy and Mineral Resources Nasrul Hamid addressed the seminar as the chief guest and energy expert Professor Dr M Tamim presented the keynote paper. Nasrul Hamid said the government led by Prime Minister Sheikh Hasina would supply electricity to all citizens (100%) by 2018, adding, “But it will take more time to supply uninterrupted electricity with subsidy to continue to meet the energy demand.” He said the government is importing liquefied natural gas (LNG) with initiatives already taken to rebate VAT and tax on LNG. “We have to bring changes in our plans keeping pace with the global situation as the LNG and oil prices are declining in the world market. As a result, we have to pay attention to that for alternative fuel aimed at ensuring energy security.” “The cost for coal fired power plants will increase due to modern and latest technology and environmental impacts,” the state minister said. The government would fix power tariff through consultation with all concerned, he said adding, the main objective of the government is to ensure energy security and provide electricity to every household on an affordable price. Professor Dr M Tamim said the fuel mix is the principal driving force behind electricity pricing, as energy prices have been lower (sometime much lower) than market prices aided by government subsidy (direct and tacit). “With the economy growing fast and getting bigger, the energy price must reflect market price. Predicting future pricing is challenging because, shifting fuel mix, uncertain demand forecast, changes in international energy price, government subsidy/loan policy, government policy/priority shift in energy decision,” he said. Professor Tamim, also former special assistant to the chief advisor, said while fixing the prices of fuel at the market price, the poor people will have to continue the subsidy, adding, “The price predictability is extremely important for Industries, especially for electricity.” He said the generation cost was Taka 6.27/kWh in 2014-15 whereas the cost went down to Taka 5.55/kWh in 15-16 against an average bulk sale of Taka 4.9 reducing subsidy substantially. Tamim highlighted the chronology of World and Bangladesh gas price like in 1974 gas price was Taka 3.7 at consumer level, while it was only $ 0.46 (mcf) in power sector and the price rose to Taka 73.91 and $ 1.07 in 2007, adding, “Many factors will affect the price of fuel. The price of fuel will be fixed at the market price.” He also suggested in his keynote that the LPG price should be kept in the market with the combination of gas pipeline, adding, “The government should not control the price of fuel in any situation.” Bangladesh Energy Regulatory Commission Member Mizanur Rahman said, “If the price of primary fuel changes, electricity price will also be changed. But the fuel price will always be kept under purchasing capacity of the common people.” Bangladesh Power Development Board Chairman Khaled Mahmud said that efforts have been taken to increase efficiency in power production, adding, “The old power plants are being phased out.” Power Cell Director General Engineer Mohammad Hossain said that the government should have control over the energy sector’s price to ensure energy security for all. Professor Shamsul Alam, advisor to the Consumers Association of Bangladesh said that transparency should be ensured in the energy policy and then all problems will be resolved. Imran Karim, vice-president of the Bangladesh Independent Power Producers Association, a private power producer`s organisation, said that the bill has to be paid without using gas. That`s why the appropriate meters have to be provided in the industry and enhance fuel supply in the sector.
Category: Others
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