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New gas reserve found in Bhola
State-owned Bangladesh Petroleum Exploration Company (Bapex) has discovered a new reserve of a significant amount of natural gas in Bhola, a district of the country`s southern region. The new gas reserve, which is found in Bheduria union of Bhola district, is estimated to have 600 billion cubic feet (bcf) natural gas. "With this reservoir, the total gas reserve in Bhola now stands at 1.5 trillion cubic feet (tcf)", Cabinet Secretary Shafiul Alam told a press briefing following the weekly meeting of the cabinet held at Prime Minister`s Office (PMO) with Prime Minister Sheikh Hasina in the chair on Monday. The Cabinet Secretary said Bapex hoped getting more gas in the district, with carrying out more exploration work there. According to Petrobangla, the country has 26 gas fields with remaining reserve of 13.60 tcf as of January 2016. The new gas field in Bhola will be the country`s 27th gas reserve.
Summit Power International awards 15-year contract to PSA Marine for an LNG Terminal
January 5, 2018 Friday 6:40 PM By News Desk, energynewsbd.com
Summit Power International Pte. Ltd, Singapore, on Friday announced that its subsidiary, Summit LNG Terminal Co. (Pvt) Limited has awarded a 15-year contract to PSA Marine Bangladesh Pte. Ltd, a subsidiary of PSA Marine (Pte) Ltd. Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel, said a press release. The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI. Together with Summit LNG, PSA Marine Bangladesh targets to commence operations in early 2019. Peter Chew, Managing Director of PSA Marine said, “We have an excellent track record of providing towage services to LNG terminals, be it at the Singapore LNG terminal in Jurong Island or the Oman LNG terminal at Sur. We are honored to work alongside Summit Power International and this win is a vote of confidence for our standing and capability as the preferred marine services partner for LNG terminals.” Muhammed Aziz Khan, Chairman of SPI said, “Summit is the largest physical infrastructure company in Bangladesh generating 1,500 MW of electricity, 1,000 MW under construction and 2,400 MW under development. Bangladesh requires 15 million tons of LNG and Summit will provide infrastructure for that. For our first project of LNG, we are pleased to bring on board PSA Marine, a pre-eminent marine services provider, to support our venture to develop region’s fast growing LNG market. Summit Power has an excellent track record in working with world leading corporations to deliver the high standard projects and PSA Marine’s best-in-class services are a natural fit with our operational philosophy.” In 2017, Summit LNG has received a concession from Petrobangla, Bangladesh’s state-owned company, to develop a floating LNG terminal facility comprising of a storage and regasification unit connected to shore by a six-kilometre subsea pipeline, on a build, own, operate, transfer basis in Moheskhali, Cox’s Bazar to supply approximately 500 million cubic feet per day of natural gas to the national grid. This project is part of SPI’s US$ 1 billion investment programme to deliver 1,000 MW of power and gas in Bangladesh.
Category: Gas
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
Inauguration of IDCOL technical monitoring facility
December 31, 2017 Sunday 11:52 AM By News Desk, energynewsbd.com
A technical monitoring facility located at Monipuri Para in Dhaka has been established by Infrastructure Development Company Limited (IDCOL) to further strengthen the quality assurance process of its different renewable energy initiatives. The facility is equipped to conduct essential performance tests of wide range of products which are used in different renewable energy initiatives such as solar panel, battery, loads, bio-gas and improved cook stoves, among others, in both field and laboratory set-ups, said a press release. The facility was inaugurated on December 28, 2017 where Chairman of IDCOL and Secretary of Economic Relations Division Kazi Shofiqul Azam was present as the chief guest. In addition to CEO of IDCOL Mahmood Malik and Department of EEE of United International University (UIU) M. Rezwan Khan Professor and other IDCOL officials, representatives from several government organizations including UGC, BEPRC, Bangladesh Atomic Energy Commission, BUET and International development organizations like KFW, GIZ and renowned renewable energy experts of the country were present in the event.    
Category: Efficiency & Conservation
Move underway to create 9,000 MW power generation hub at Payra
December 25, 2017 Monday 1:49 PM By UNB
A move is underway to create a 9,000 MW power generation hub at Payra area of Patuakhali in the southwestern region of Bangladesh. Disclosing the plan, State Minister for Power and Energy Nasrul Hamid said Payra will be another power hub like the two others being created in Maheshkhali and Matarbari in Chittagong in the eastern region of Bangladesh. “We’ve drawn up the plan for Payra power hub considering the uplifting of the country’s southern region, which remained under-developed compared to other regions of the country,” he told reporters while visiting the construction site of a 1320 MW power plant, now being installed in the area. The state-owned North-West Power Generation Company Ltd (NWPGCL) is installing the 1320 MW coal-based power plant in joint venture with Chinese state owned company CMC (China National Machinery Import and Export Corporation). First unit of the plant, having two units of each 660 MW, is expected to come into commercial operation in April 2019 and second unit in October of the same year, said A M Khurshedul Alam, managing director of the NWPGCL. The state minister visited the plant site on Friday along with a group of journalists from Dhaka. NWPGCL and Forum for Energy Reporters Bangladesh (FERB) jointly organised the tour. NWPGCL officials informed that the construction works is now going on in full swing keeping in mind the timely completion of the project. Nasrul Hamid said about $160 billion is being spent for the project of which 80 percent is debt and 20 percent is equity investment by the Bangladesh side and Chinese side where each has 50% share. He said the proposed 9000 MW power hub will require about $12 billion investment where NWPGCL will implement some projects having total 6000 MW capacity. The remaining 3000 MW will come from investment by some other state-owned companies like RPCL and APSCL. The State Minister said the plant will use coal coming from Indonesia and Australia and the coal will be utilised in a process so that it would not create any pollution in the area. “This will be an absolutely cleanest power plant as coal will be stored in a covered area,” he said. The coal will be unloaded in the power plant’s own jetty and directly come to the plant through conveyer belt.  He also informed that the Payra will have not only coal-fired plants. Rather, it will have solar power and LNG-based power generation projects as well. Officials said NWPGCL will implement a 100 MW solar and 50 MW wind power project projects. The NWPGCL and CMC have formed a joint venture company— Bangladesh-China Power Company (Pvt) Limited (BCPCL) to implement the 1320 MW plant. It has already appointed a China-based consortium of NEPC and CECC as engineering, procurement and construction (EPC) contractor to install the project. An official of the Chinese consortium Zhu Yue Yong noted that about 6000 workers now remained engaged to set up the projects where 1500 are Chinese and 4500 are local Bangladeshis and so far 37 percent of the construction works were completed. He informed that they have completed the pilling works and now the boiler house is being built. Afterwards, the turbine and generator will be installed phase by phase.     
Category: Power
IDCOL will arrange $135 million for three power plants having combined capacity of 280MW
December 5, 2017 Tuesday 8:17 AM By News Desk, energynewsbd.com
Infrastructure Development Company Limited (IDCOL), a government-owned development financial institution involved in private sector energy and infrastructure financing in Bangladesh, has recently signed a term sheet with Confidence Group to raise US$135 million term loan facility for establishment of three HFO fired IPP power plants in Bogra, Rangpur, and Chittagong having combined capacity of 280 MW. Confidence Power Bogra Limited, Confidence Power Rangpur Limited, and Zodiac Power Chittagong Limited will establish the said power plants at an estimated cost of US$ 200 million with brand new European engines from MAN and Rolls-Royce. All power projects are expected to go into commercial operation by 2019, said a press release. The program was graced by Mahmood Malik, Executive Director and CEO of IDCOL and Rezaul Karim, Chairman of Confidence Group, Imran Karim, Group Managing Director of Confidence Group, Salman Karim, Group CEO of Confidence Group, Nazmul Haque, Director (Investment and Advisory), and Khalid Islam, Managing Director of all the three companies were also present at the program along with relevant team members. IDCOL, the largest energy and infrastructure financier of the country, has already financed power projects supplying more than 1,500 MW to the national grid. IDCOL looks forward to investing additional US$ 1 billion by 2021 for development of priority infrastructure projects in Bangladesh.
Category: Business
Local school children celebrate Rooppur nuclear power plant’s ‘First Concrete’ with Flash Mob
November 28, 2017 Tuesday 9:52 PM By News Desk, energynewsbd.com
As the ceremony of first concrete pouring into the reactor building foundation of Rooppur Nuclear Power Plant in going to take place on November, 30, children from Rooppur High School organised a Flash Mob “I LOVE ROOPPUR” to raise awareness among the local people about the project, said a press release. More than 300 children wearing T-shirts and caps of Bangladesh’s flag color - green and red formed a live figure ‘I LOVE ROOPPUR’. The first concrete ceremony will mark the beginning of construction of Bangladesh’s first nuclear power plant at Rooppur and will witness the participation of the Prime Minister Sheikh Hasina and the Director General of Russia’s Rosatom State Atomic Energy Corporation Alexey Likhachev among others. The construction of the Rooppur Nuclear Power Plant (RNPP) is implemented under an intergovernmental agreement signed between Russia and Bangladesh in November, 2011. In December, 2015, ASE Group of Companies, an engineering division of ROSATOM State Atomic Energy Corporation, signed a contract to construct Rooppur NPP consisting of two VVER-1200 units with a capacity of 1200 MW each. VVER-1200 is a flagship nuclear reactor and a core product of Russia’s ROSATOM State Atomic Energy Corporation. The construction site is located 160 km from Dhaka on the east bank of the Padma river. The units-1 and 2 are expected to go into operation in 2023 and 2024 respectively.    
Category: Nuclear
Beximco purchases first LPG carrier in Bangladesh
November 26, 2017 Sunday 11:14 AM By News Desk, energynewsbd.com
Beximco Petroleum Limited, a concern of Beximco Group, has announced the purchase of the first LPG (Liquefied Petroleum Gas) carrying vessel in Bangladesh to travel on international waters with the National flag, the company said in a press release. The vessel, named BEXPETRO 1, with an LPG carrying capacity of 2700 MT will be the first Bangladeshi ship to directly procure LPG at source. This marks a major milestone not only for LPG operators in Bangladesh but also for the nation at large as this paves the way for a more cost-effective and efficient LPG supply chain. Led by Captain Alexander Fajardo, BEXPETRO 1 is expected to arrive in Bangladesh with its first shipment of LPG by the first week of December 2017.  With two more vessels of similar capacity already in the pipeline, this is a stepping stone for Beximco Petroleum’s strategic vision of becoming the premiere LPG operator in the country. Beximco Petroleum, in collaboration with Index Power and Energy (A Beximco company), has already set up a state-of-the-art ISO 9001 certified LPG plant in Mongla with a capacity of 3000 MT. Expansion work is underway for an additional capacity of 3000 MT at Mongla; another LPG terminal of 5000 MT capacity is being set up at Narayanganj. With a robust sales and distribution network, Beximco Petroleum is ready to cater to the rapidly growing LPG demand in the country.
Category: LPG
Summit signs $100m deal with consortium for LNG terminal
November 26, 2017 Sunday 10:59 AM By News Desk, energynewsbd.com
Summit LNG Terminal Ltd, a subsidiary of Summit Power International, signed a $100 million turnkey contract with a marine work contractor consortium recently. Under the contract signed, the consortium comprising of Geocean SAS and MacGregor will undertake a project for laying design, engineering, procurement, fabrication, installation and testing of the Fixed Infrastructure (FI) for its proposed Floating LNG Storage and Regasification Terminal (FSRT) at Moheskhali, Cox`s Bazar, said a press release. The project is to be completed in 16th month from day of signing the contract, according to a statement of the company issued on Tuesday. However, the statement did not say where and when the contract was signed. The FI will consist, among others, of Disconnectable Turret Mooring (DTM) plug for FSRU (floating storage and regasification unit) vessel system with anchors (suction piles), flexible riser with floatation and tether system, control and hydraulic umbilical, PLEM, Stern Mooring System (SMS) of FSRU vessel offshore pipelines and landfall works. In August 2017, Summit had signed Time Charter Party (TCP) agreement with Excelerate Energy for securing FSRU vessel. Summit Power International is a Singapore incorporated leading infrastructure developer and operator in South Asia. It comprises a group of businesses which develop, own and operate power generating assets and FSRU. Geocean, subsidiary of Entrepose Group, performs turnkey offshore projects under EPCI-type contracts in the oil and gas, mining, chemical industries as well as on the public works market. It builds coastal structural works for power stations, desalination plants, water treatment plants and offshore fields. MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands.
Category: Power
Deals signed to import 1600 MW power from Indian Adani Group
November 20, 2017 Monday 12:41 PM By News Desk, energynewsbd.com
The government recently signed two deals -- power purchase agreement (PPA) and Implementing Agreement (IA) -- with Indian giant power conglomerate Adani Power Ltd for importing 1600MW of electricity. Power Division Joint Secretary Faizul Amin, Bangladesh Power Development Board (BPDB) Secretary Mina Masud Uzzaman and Adani’s Business Development President Kandarp Patel signed the agreements at Bidyut Bhaban in Dhaka. The group’s wholly-owned subsidiary company Adani Power (Jharkhand) has signed a long-term power purchase agreement (PPA) for the net capacity of 1496 MW with Bangladesh Power Development board for 25 years, according to a company document submitted to Bombay Stock Exchange. The power supply under the PPA will be made from a new 1600 MW ultra-supercritical coal-based power plant to be set up by Adani Power (Jharkhand) at Godda, Jharkhand. Bangladesh will import the electricity from the Adani Power Limited-sponsored 1600MW plant at Jharkhand paying 8.612 US cents (Tk 6.890) per unit for a 25-year period, officials confirmed. Bangladesh is now importing 640MW of electricity from India at Tk 4.92 per unit on average. The government signed a Memorandum of Understanding (MoU) on August 11, 2015 with the Indian firm to import electricity.  The Indian company said it would invest $2.12 billion to set up the proposed power plant in Jharkhand with a view to exporting 1600MW of electricity to Bangladesh. The company is hopeful of installing the first unit of the plant within 44 months and the second unit within 50 months after signing a contract.
Category: Power
Joint venture to produce 600MW of power in Matarbari
November 12, 2017 Sunday 12:41 PM By News Desk, energynewsbd.com
A joint venture between Japan`s Mitsui and Co and a state-run Bangladeshi company is going to set up a liquefied natural gas-based power plant at Matarbari in Maheshkhali upazila to produce 500-600 megawatt of power. Coal Power Generation Company Bangladesh Ltd signed a memorandum of understating with Mitsui and Co to this effect in Dhaka on November 8, 2017 according to a press release of the power, energy and mineral resources ministry. The companies will have 50-50 ownership in the joint venture that will complete the project by 2021. The government has taken initiatives to import a huge amount of LNG from next year. Both land-based and floating LNG terminals will be set up. The government has approved two floating LNG terminals, each of which will supply 500 million cubic feet of gas per day. In July, state-run Petrobangla and US-based Excelerate Energy signed the final deals to set up Bangladesh`s first LNG terminal in Maheshkhali, which will supply gas to the national grid from early 2018.
Category: Power
LAUGFS Gas celebrates two years in Bangladesh
October 30, 2017 Monday 12:51 PM By News Desk, energynewsbd.com
LAUGFS Gas Bangladesh Limited, one of the largest LPG distributors in the country, has celebrated its 2nd anniversary with a pledge of making significant investment in Bangladesh in next three years. To mark its step into the third year operation in Bangladesh, the Sri Lankan company organised a celebration programme with its key stakeholders at a city hotel in Dhaka recently, said a press release. Kazi M Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA), attended the programme as the chief guest. LAUGFS Holdings Chairman WKH Wegapitiya,  Director and Chief Executive Officer Mohammed Saidul Islam, Chief Operating Officer Ranjith Jayawardena, General Manager (Finance) Sujeewa Vidanapathirana, General Manager (Sales and Marketing) Nazeer Latiff, General Manager (Operations) Dr. Mayura Neththikumarage was also present at the event. The LNG distributor company is planning capacity enhancement, increasing of storage volume, establishment of a cylinder manufacturing plant along with expansion of the distribution system, they said. Currently, the company operates LPG import, bottling and distribution facility in Mongla Port, according to a media statement. The company imports and distributes over 50,000 MT of LPG every year and operates an expansive and fast growing distribution network across the country. LAUGFS entered Bangladesh in 2015 with the acquisition of PetredecElpiji Limited, and is one of the largest LPG downstream players in the country. 
Category: LPG
BIFFL signed a letter of collaboration with Future Carbon Energy Services
October 30, 2017 Monday 12:16 PM By News Desk, energynewsbd.com
Bangladesh Infrastructure Finance Fund Limited (BIFFL) has recently signed a letter of collaboration (LoC) with Future Carbon Energy Services (FCES) for inclusion of BIFFL financed green brick projects with Clean Development Mechanism (CDM) under the United Nations Framework Convention on Climate Change’s (UNFCCC). The Project has already been registered with CDM in the name of National Programme for Energy Efficiency Improvement in the Brick Manufacturing Sector in Bangladesh (UNFCCC PoA Ref: 10355), said a press release from BIFFL. S M Formanul Islam, CEO of BIFFL and Raden Siddiqui, Managing Partner of FCES signed the letter of cooperation on behalf of their respective organisations. CDM encourages the developing countries to promote the projects that reduce greenhouse Gas emissions, and offers them to gain the benefits through creation of green jobs and entering new markets as well as strengthening ties between developed and developing countries. Recognizing the environmental hazards of conventional chimney based brick kilns, as well as the environment friendliness of tunnel kiln, BIFFL is promoting green technologies in the brick sector. Revenues earned from CDM will encourage the brick manufacturers to invest in green technologies.
Category: Business
‘Nasrul visits Dighipara coal mine site to observe feasibility study program’
October 27, 2017 Friday 8:12 PM By News Desk, energynewsbd.com
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.   
Category: Coal
BPDB signs 200 MW solar power purchase agreement with Beximco
October 26, 2017 Thursday 10:19 PM By Staff Correspondent, energynewsbd.com
Teesta Solar Limited, a joint venture of Beximco Power Company Ltd, Bangladesh and TBEA Xinjiang Sunoasis Co Ltd, China, on Thursday signed a power purchase agreement (PPA) with Bangladesh Power Development Board (BPDB) to develop a 200 MW (AC) Solar PV Power Plant in Sundarganj, Gaibandha. BPDB secretary Mina Masud Uzzaman and Managing Director of Teesta Solar Limited M Rafiqul Islam signed the Power Purchase Agreement, while Sheikh Faezul Amin, joint secretary of power division and M Ashraf Hossain, company secretary of Power Grid Company of Bangladesh (PGCB) signed the Implementation Agreement on behalf of their respective sides at the Bidyut Bhaban in Dhaka. State Minister for Power, Energy and Mineral Resources Nasrul Hamid witnessed the contract signing ceremony as the chief guest and said that the government with a view to fulfilling its target of raising the ratio of renewable energy to 10 percent of the total power generation by 2021 has already undertaken various initiatives. Nasrul, however, expressed his frustration that although many companies signed deals to set up solar power plants, their plants did not come into operation. According to the agreement, Teesta Solar Limited would construct a 200-MW Sundarganj Solar Power Plant at Latshal, Sundorgonj in Gaibandha within 18 months. BPDB will buy electricity from the plant at a tariff rate of US 15 cents for 20 years on `no electricity no payment method.` The function was also addressed by Power Division Secretary Dr Ahmed Kaikaus, BPDB Chairman Khaled mahmood, Beximco Group Chairman Sohel F Rahman while its Vice-chairman Salman F Rahman was present.
Category: Renewable
1 MW waste-to-energy power plant in 30 months
October 15, 2017 Sunday 7:38 AM By News Desk, energynewsbd.com
State Minister for Power and Energy Nasrul Hamid has said a 1 MW capacity waste-to-energy power project will be implemented in Keraniganj upazila within the next 30 months to generate electricity from garbage. He mentioned that if Keraniganj waste-to-energy project becomes successful, more projects will be undertaken to generate electricity from garbage in different upazilas across the country. He made the announcement while inaugurating a 33/11 kV substation and multi-storied office building of Dhaka Palli Bidyut Samity-4 at Jheelmil-1 Housing Project in Keraniganj on October 13. Rural Electrification Board (REB) has installed the substation through its Dhaka Palli Bidyut Samity-4. The State Minister also laid the foundation of different substations with similar capacity at Jheelmil-2 project, Konakhola, Chargalgalia and Washpur. Being an MP from Keraniganj, Nasrul Hamid noted that a master plan is being adopted to develop the suburb as a modern locality.        He said it will reduce population pressure on Dhaka city if all modern amenities are ensured for people of the Keraniganj upazila. With senior general manager of Palli Bidyut Samity-4 Rabiul Islam in the chair, the function was also addressed by REB Chairman Major General Moin Uddin and Keraniganj upazila chairman Shahin Ahmed.
Category: Renewable
BPDB seeks 14.74% hike; regulator’s technical body recommends 11.78%
September 25, 2017 Monday 11:13 PM By Staff Correspondent, energynewsbd.com
The technical evaluation committee of the Bangladesh Energy Regulatory Commission (BERC) has recommended hiking of the bulk electricity price by Tk 0.54 (11.78 per cent) per unit instead of Tk 0.87 (14.78 per cent) proposed by the state-run Bangladesh Power Development Board (PDB). The committee made the recommendation after holding a discussion and hearing on the PDB proposal at BERC office in Dhaka on Monday. BPDB submitted the price hike proposal to BERC earlier on February 20. On the other hand, Consumer rights groups, business bodies and left leaning political parties strongly opposed the government entity’s power tariff hike proposal at the public hearing that began at the TCB Auditorium.  The technical evaluation committee of the regulator, which thoroughly examined the BPDB proposal, found gross inconsistency in the BPDB’s accounting statements and recommended a rise by only 11.78 percent to Tk 5.41per unit. However, the BERC, headed by its chairman, will take the final decision on the tariff hike proposal on conclusion of the current series of hearings. BERC chairman Monwar Islam presided over the public hearing session while other members of the regulatory body -- Rahman Murshed, Abdul Aziz Khan, Mizanur Rahman, and Masudul Haque Bhuiyan -- were present on the occasion. The BPDB urged the regulator to raise the power tariff both at the bulk and retail levels while the distribution companies called for enhancing tariff at the retail level only.  Opposing the BPDB’s proposal, CAB adviser Prof Shamsul Alam raised a volley of questions about the justification of the proposal saying it is mysterious that why BPDB does not supply gas to generate power at low cost. But that gas is diverted to private power plants and BPDB is forced to buy power at much higher rates. He said liquid fuel is supplied to BPDB at much higher rates which the private plants are getting at much lower rates. Shamsul Alam said if such discriminations, distortions and irregularities are removed, the BPDB will not need to raise power tariff at the bulk level. “If the bulk level price is up, the retail level will go up.” The BERC will hold a public hearing on retail tariff proposal of BPDB on Tuesday.
Category: Power
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