Dhaka, Friday, December 13, 2019 10:54 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
All Other Top Stories
Mongla, Inani to get wind power plants; one bidder responds
Khulna`s Mongla and Cox`s Bazar`s Inani beach are going to have wind power plants each having 50 MW capacity, as a Chinese company was technically responsive as lone bidder in the tender floated by Bangladesh Power Development Board (BPDB). “We’ve been informed by BPDB that one single bidder has become technically responsive by complying with necessary requirements,” Mohammad Alauddin, additional secretary of the Power Division said. Lone Chinese bidder, Envision Energy, is technically qualified for the two sites -- Mongla and Inani -- while Kachua upazila in Chandpur district received no bid for the project. Additional secretary Mohammad Alauddin, responsible to deal with renewable energy-related issues, said state-owned BPDB sought the permission for opening the financial offer of the bidder. If the company is found to be financially responsive, BPDB officials hope, the government may award the contract to develop the project on build-own-operate basis under which the company will generate power and the government will purchase electricity from them for a term of 20 years at a certain tariff. According to them, some bidders initially had showed interest to participate in the tender process but they finally received only one bid from a single company for the two projects.    Power Division sources said the government invited tenders from private sponsors to set up the wind power plants on build-own-operate basis in the next two to three years. They said the government had earlier moved to implement a 100-MW wind power project in the offshore areas about eight years ago, but it has not yet been implemented due to the bidder`s failure. Later, the government awarded a contract to an Indian consortium to set up a 30-MW wind power plant in Sonagazi, Feni. The BPDB officials said wind power generation is one of the untapped sectors in Bangladesh. The government`s move is part of its strategy adopted in its Power System Master Plan to produce 10 percent of the total power from renewable sources, they added. Producing wind power requires no fuel, and hence, no harmful gas is produced. Wind turns the turbines, which, in turn, drives the generator, said the officials. However, this green energy also has criticism as it creates a loud noise. Another disadvantage is that its power generation depends on the strength of wind. Therefore, no wind means, no electricity, they said. BPDB officials said the sites for the three projects were selected after a wind mapping exercise, with financial support from the US National Renewable Energy Laboratory. "Nine sites were explored and three of them were finally selected, as wind speed, and velocity appeared very supportive for power generation," said Mohammad Alauddin. Officials said a wind power plant needs stable wind with minimum speed of 5 metres per second. Wind speed at the three locations was found to exceed that. They said a number of wind towers with turbines will be installed at each of the plants. The power generation capacity of each the turbines will be between 5 MW and 7 MW. As per the study, the tariff of each kilowatt hour of electricity might be Tk 8-9, the officials added.
Core Catcher installed at unit 3 of Kudankulam NPP of India
December 9, 2019 Monday 9:35 AM By News Desk, energynewsbd.com
The case of the core melt localization device, or the so called “Molten Core Catcher” has been installed under the reactor pit of Unit 3 of the Kudankulam Nuclear Power Plant in Tamil Nadu of India. The case of the device weighs 147.5 tons, said a press release. Core melt localization device is a unique development of Russian nuclear experts and one of the most important element of NPP’s passive safety system. The core catcher was first installed at China’s Tianwan Nuclear Power Plant of Russian design. Core catcher for Kudankulam NPP has been adapted for the site conditions and safety requirements. It has improved seismic resistance, hydro-dynamic and shock strength, as well as equipped with flood protection features. A core melt localization device (CMLD), or a “Core Catcher,” is installed at the bottom of the station’s protective shell. It is designed to localize and cool the molten core material in case of a severe hypothetical accident that could lead to damage to the core. It excludes radioactive emission in the environment. Rosatom state atomic energy corporation of Russia is the technical consultant and main equipment supplier for the Kudankulam Nuclear Power Plant.
Category: Regional
Natural gas drives record CO2 emissions in 2019
December 7, 2019 Saturday 10:46 AM By AFP
Global carbon emissions boosted by soaring natural gas use are set to hit record levels in 2019 despite a decline in coal consumption and a string of countries declaring a climate emergency, researchers said Wednesday. In its annual analysis of fossil fuel trends, the Global Carbon Project said CO2 emissions were on course to rise 0.6 percent this year -- slower than previous years but still a world away from what is needed to keep global warming in check. In three peer-reviewed studies, authors attributed the rise to “robust growth” in natural gas and oil, which offset significant falls in coal use in the United States and Europe. Atmospheric CO2 levels, which have been climbing exponentially in recent decades, are expected to hit an average of 410 parts per million this year, Le Quere said. That’s the highest level in at least 800,000 years. The report will make for further uncomfortable reading for delegates gathered at UN climate talks in Madrid, with the warnings from the world’s top climate scientists still ringing in their ears.
Category: Environment
PDB proposes 23% hike in bulk power prices
November 30, 2019 Saturday 5:03 PM By News Desk, energynewsbd.com
The Bangladesh Power Development Board or BPDB has proposed to the energy regulator to increase bulk electricity tariff by 23.27 percent per unit to trim its losses. The state-owned agency made the proposal at the public hearing on bulk power tariff and transmission cost, held by the Bangladesh Energy Regulatory Commission or BERC on Thursday. However, after reviewing the proposal, the BERC said the price can be increased by 19.5 percent per unit to adjust transmission costs. At the hearing, BPDB General Manager (commercial operation) Md Kausar Ameer Ali said that the bulk electricity transmission cost was Tk 5.83 in fiscal 2018-19 and now electricity bulk tariff rate is Tk 4.77. “As a result, the BPDB faced a loss of over Tk 68.62 billion in the last fiscal year.” The BPDB estimated a loss of about Tk 86 billion next year taking the rising transmission cost into account. The other reasons for the electricity tariff hike include the depreciation of taka against foreign currency, rising gas price, 5 percent VAT imposition on coal, power generation cost increase and the non-payment of electricity bills by some distribution agencies, according to the BPDB official. The power distribution companies started submitting the price hike proposals to the BERC in the middle of October.
Category: Power
Greenhouse gas concentrations break records
November 26, 2019 Tuesday 4:47 PM By BBC
Atmospheric concentrations of carbon dioxide and other greenhouse gases once again reached new highs in 2018. The  World Meteorological Organization (WMO) says the increase in CO2 was just above the average rise recorded over the last decade. Levels of other warming gases, such as methane and nitrous oxide, have also surged by above average amounts. Since 1990 there`s been an increase of 43% in the warming effect on the climate of long lived greenhouse gases. The WMO report looks at concentrations of warming gases in the atmosphere rather than just emissions. The difference between the two is that emissions refer to the amount of gases that go up into the atmosphere from the use of fossil fuels, such as burning coal for electricity and from deforestation. Concentrations are what`s left in the air after a complex series of interactions between the atmosphere, the oceans, the forests and the land. About a quarter of all carbon emissions are absorbed by the seas, and a similar amount by land and trees. Using data from monitoring stations in the Arctic and all over the world, researchers say that in 2018 concentrations of CO2 reached 407.8 parts per million (ppm), up from 405.5ppm a year previously. This increase was above the average for the last 10 years and is 147% of the "pre-industrial" level in 1750. The WMO also records concentrations of other warming gases, including methane and nitrous oxide. About 40% of the methane emitted into the air comes from natural sources, such as wetlands, with 60% from human activities, including cattle farming, rice cultivation and landfill dumps. Methane is now at 259% of the pre-industrial level and the increase seen over the past year was higher than both the previous annual rate and the average over the past 10 years. Nitrous oxide is emitted from natural and human sources, including from the oceans and from fertiliser-use in farming. According to the WMO, it is now at 123% of the levels that existed in 1750. Last year`s increase in concentrations of the gas, which can also harm the ozone layer, was bigger than the previous 12 months and higher than the average of the past decade. What concerns scientists is the overall warming impact of all these increasing concentrations. Known as total radiative forcing, this effect has increased by 43% since 1990, and is not showing any indication of stopping. "There is no sign of a slowdown, let alone a decline, in greenhouse gases concentration in the atmosphere despite all the commitments under the Paris agreement on climate change," said WMO Secretary-General Petteri Taalas. "We need to translate the commitments into action and increase the level of ambition for the sake of the future welfare of mankind," he added. "It is worth recalling that the last time the Earth experienced a comparable concentration of CO2 was three to five million years ago. Back then, the temperature was 2-3C warmer, sea level was 10-20m higher than now," said Mr Taalas. The UN Environment Programme will report shortly on the gap between what actions countries are taking to cut carbon and what needs to be done to keep under the temperature targets agreed in the Paris climate pact. Preliminary findings from this study, published during the UN Secretary General`s special climate summit last September, indicated that emissions continued to rise during 2018. Both reports will help inform delegates from almost 200 countries who will meet in Madrid next week for COP25, the annual round of international climate talks.
Category: Others
Summit Power approves 35% cash dividend
November 26, 2019 Tuesday 4:43 PM By News Desk, energynewsbd.com
Upon approval in presence of the shareholders at the 22nd Annual General Meeting of Summit Power Limited, the Chairman Muhammed Aziz Khan said, “After two consecutive years of offering 30% dividend, we are happy to announce 35% dividend this year.” He also added, “This year to ensure best maintenance of the power plants, Summit awarded Wärtsilä, the Finnish technology group biggest ever signed service deal, in terms of MW generation, in the Bangladesh’s power and energy sector. For project financing of Ace Alliance Power Limited (AAPL), we raised capital through issuance of Preference Shares worth BDT 805 Million and USD 68.60 Million long term loan from IDCOL, ICD and OFID. Also for securing the Company from exposure in London Inter-bank Offered Rate (LIBOR) against Company’s foreign currency borrowing, we entered into Interest Rate Swap (IRS) deals. We have also implemented Enterprise Resource Planning (ERP) suite for better accountability and transparency.” Presided over by Chairman of Summit Power Limited Muhammed Aziz Khan, the meeting was attended by Vice Chairman Md Latif Khan, Director Anjuman Aziz Khan, Director Jafer Ummeed Khan, Director Faisal Karim Khan, Director Azeeza Aziz Khan, Director Syed Fazlul Haque FCA, Managing Director Lt Gen (Retd) Engr. Abdul Wadud, Independent Director Faruq Ahmed Siddiqi, Director Helal Uddin Ahmed, Director Arif Al Islam and Financial Controller and Company Secretary Swapon Kumar Pal FCA along with other senior officials.
Category: Others
IDCOL wins the financial innovation award 2019
November 26, 2019 Tuesday 4:42 PM By News Desk, energynewsbd.com
Infrastructure Development Company Limited (IDCOL), a Government of Bangladesh owned Non-Banking Financial Institution won the Financial Innovation Award (FIA) 2019 under the category of Best Sustainable Finance Initiative for implementing the Solar Irrigation Pump Projects. The award was given to IDCOL based on the successful introduction of green finance initiative to smallholder collectives and farmers through an innovative business model, said press release. IDCOL is the first organization from Bangladesh that received this prestigious award. S.M. Monirul Islam, Deputy CEO and CFO of IDCOL received the award on behalf of IDCOL at an award ceremony held at a hotel in the United Kingdom on 21 November 2019.
Category: Others
RNPP significant progress in equipment manufacture and shipment
November 24, 2019 Sunday 10:25 AM By News Desk, energynewsbd.com
While Bangladesh is expecting its first megawatts of nuclear energy in the coming years, manufacture of various machineries and equipment is running in full swing in Russia. Some of them have already reached Bangladesh, some have been shipped and others are still in manufacturing process, said a press relase. Lower semi-vessel of the Reactor Pressure Vessel (RPV) of Unit 1 has been assembled at the Volgodonsk Branch of AEM-technology under Atommash. The company is a part of Engineering Division of Rosatom – Atomenergomash. Head and shells of the reactor core were assembled for subsequent welding of joints and heat treatment of joint welds. Following completion of the process the lower semi-vessel will undergo different inspection operations. Then it will be jointed to the already manufactured upper semi-vessel. The Reactor represents a vertical cylindrical body with elliptic bottom with the Core and other equipment inside it. In the upper part of the vessel there are nozzles for coolant supply and removal, and also nozzles for emergency coolant supply in case of circuit depressurization. On the other hand, ZiO-Podolsk, another division of Atomenergomash has manufactured and shipped from Russia the first lot of the turbine hall equipment – Moisture Separator-Reheaters for the Rooppur project. Total weight of the shipped products is 211 tons. The equipment service life is 50 years. The company last month shipped the Bubbler Tank, part of the reactor plant pressurizer system, which is expected to reach the project site shortly.             The Moisture Separator-Reheaters (MSR) are designed to dry and reheat the moist steam downstream the turbine high pressure cylinder. MSR is a vertical equipment consisting of three parts in one body. It is a part of the turbine plant steam regeneration system. Atomenergomash is the sole supplier of the entire equipment for Rooppur NPP Reactor Hall and a big part of the turbine hall equipment. Rooppur NPP is designed and being constructed according to Russian design. The Plant will have two power units, each of 1200 MW capacity, with latest generation 3+ VVER 1200 reactor.
Category: Nuclear
Oil slips further below $59 on weaker economic outlook
October 17, 2019 Thursday 7:01 PM By Reuters
Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in US crude inventories. Signs from the Organization of the Petroleum Exporting Countries that further curbs to oil supply could come in December lent support, as did wider market optimism about a potential Brexit deal. Brent crude LCOc1, the global benchmark, slipped 16 cents to $58.58 a barrel by 0850 GMT. US crude CLc1 gained 2 cents to $52.83. “Prices are under pressure from increasing pessimism about the global economy and subsequent demand-side concerns,” Stephen Brennock of oil broker PVM said. In a bearish signal for demand, the International Monetary Fund said on Tuesday the US-China trade war would cut 2019 global growth to its slowest since the 2008-2009 financial crisis. “Prices remain under pressure,” said Craig Erlam, analyst at OANDA. “Oil inventory today from API may be notable albeit unlikely to have any major impact on the broader trend.” The American Petroleum Institute (API) reports its weekly US inventory numbers at 2030 GMT, ahead of Wednesday’s government stocks data. Analysts estimate US crude inventories rose by around 2.8 million barrels last week. British and European Union officials resumed talks to clinch a Brexit deal on Wednesday just a few hours after late-night negotiations wound up, but it was far from clear they would reach an agreement before a leaders’ summit on Thursday. Analysts have said any agreement that avoids a no-deal Brexit should boost economic growth and, in turn, oil demand. Providing more price support, OPEC Secretary-General Mohammad Barkindo has said an option for OPEC and its allies is to implement deeper cuts in oil production. OPEC, Russia and other producers have a deal to cut oil output by 1.2 million barrels per day until March 2020. They meet on Dec. 5-6 in Vienna to review the decision. On Tuesday, Barkindo said OPEC would do what it could with allied producers to sustain oil market stability beyond 2020, in a signal the producers would continue to cooperate.
Category: Other Countries
Japanese co buys 22pc stake of Summit Power
October 10, 2019 Thursday 12:38 PM By Reuters
Japan`s JERA Co has acquired a 22 per cent stake in Summit Power International for $330 million, the companies said on Monday, to enable the establishment of major energy infrastructure projects in Bangladesh. That means Summit Power International`s total equity value is $1.5 billion. The new investment was made in accordance with the memorandum of understanding on the development of energy infrastructure projects in Bangladesh that was concluded between JERA and Summit Power in May in Tokyo, JERA said in a statement on Monday. Singapore-based Summit Power International is the holding company for all power assets of Bangladesh`s Summit Group, while JERA is a joint venture between Tokyo Electric Power and Chubu Electric Power Co. International Finance Corp (IFC), IFC Emerging Asia Fund, and United Arab Emirates-based EMA Power Investment, which were shareholders of Summit since 2016, will exit through this transaction, according to the statement. However, IFC will continue to be a large lender to Summit, it added. The partnership will support Summit Group`s investment plan of $3.0 billion by 2022 in Bangladesh, Muhammed Aziz Khan, Summit Group`s chairman said in the statement. Summit Power, the largest independent power producer in the country, owns and operates power generation facilities that produce approximately about 12 per cent of the country`s capacity. The company is currently constructing power generation facilities with a capacity of approximately 590 megawatts and, with several new projects also being planned, significant growth is expected in the future. Bangladesh currently has a capacity to produce 18,000 megawatts of electricity per day, said Nasrul Hamid, the country`s junior minister of power, energy and mineral resources, adding that it aims to increase it to 24,000 megawatts per day by 2021. "Foreign investment is required to achieve this goal." JERA said in a separate statement that it has positioned Bangladesh as a priority country for investment due to an expected rapid rise in electricity demand along with steady economic growth in the South Asian country.
Category: Power
Payra Power Plant set to go into production from Dec
October 10, 2019 Thursday 12:37 PM By News Desk, energynewsbd.com
A 1,320-megawatt (MW) coal-based Payra Thermal Power Plant set up on 12 acres of land in Kalapara upazila in Patua-khali  is likely to start production from next December. If everything goes according to the plan, 660 MW of electricity from the power plant will be added to the national grid from December this year. Chinese and Bangladeshi workers are working round the clock to make the power plant fully operational by June 2020. Sources said that the thermal power plant is a joint venture of the North-West Power Generation Company Bangladesh Limited (NWPGCL) and China National Machinery Import and Export Corporation (CMC). Although the project was expected to be completed within 2019, the work got delayed due to various unforeseen events, including workers` dissatisfaction. About 2,600 Chinese and 5,500 Bangali workers are currently working in this power plant. Indonesia`s MV Jingheiton, a coal-laden vessel, has unloaded coal at the Payra thermal power station’s jetty as the first step to produce electricity. Power Grid Company of Bangladesh (PGCB) sources said that the construction of a 400 KV line through a Korean company and a 230 KV line through a Chinese company to bring power from the coal-based Paira power plant is progressing at a rapid pace. The electricity generated from this plant will be added to the substation of Gopalganj. From there, it will be supplied to the national grid. Shah Moni Zico, assistant manager of the project, said the work on this project is moving fast. The power plant will play a major role in meeting future electricity needs, he added. Shah Md Golam Mawla, project director of the 1,320-MW power plant, said that the first unit will go on to produce 660MW of electricity on December 25. The remaining 660MW will be fully integrated into the national grid by June next year. Another 1,320-MW power plant will be built in the vicinity of this plant by 2022, he added. On 19 March 2015, a deal was signed between NWPGCL and the CMC to set up the Payra Power Plant. The joint venture was named Bangladesh-China Power Company Limited (BCPCL).  On 29 March 2016, BCPCL signed an engineering, procurement and construction (EPC) contract with consortium of NEPC and CECC for the installation of the power plant. The utility electricity sector in Bangladesh has one national grid with an installed capacity of 21,419 MW as of September 2019. The total installed capacity is 20,000 MW (combining solar power). In June, a Chinese electrician was killed and seven other employees of 1320 MW Payra Power Plant were injured in a clash between Bangladeshi and Chinese employees amid rumours that a Bangladeshi worker was killed by Chinese employees.
Category: Power
Rosatom Chief stresses on maximizing use of nuclear technology
October 10, 2019 Thursday 12:34 PM By News Desk, energynewsbd.com
Alexey Likhachev, Director General of Russia’s state nuclear energy corporation- ROSATOM emphasized on maximum harnessing the potential of nuclear technologies in order to implement the decisions of the Paris Agreement on Climate Change and achieve sustainable development goals. He was addressing the plenary session of the 63rd Annual General Conference of the International Atomic Energy Agency (IAEA) concluded in Vienna recently, said a press release. The IAEA Conference brought together high-level delegates from more than 170 member states to discuss the most relevant issues and set priorities for developing cooperation in the global nuclear industry. Highlighting the importance of applying diversified nuclear energy solutions he said, “Another promising area is the introduction of small and medium capacity reactors. This opens up new opportunities to develop hard-to-reach regions where safe and affordable energy is needed”.  Alexander Merten, President of Rusatom International Network (a company of Rosatom) underscored the significance of increasing public acceptance at each stage of the national nuclear program. He was speaking at a session on the large-capacity NPP project in Uzbekistan. ROSATOM Corporate Academy organized the session “Professional communities and cooperation development” to discuss personnel development strategies for the energy sector. On sideline of the conference Russia signed a number of documents of strategic importance; an intergovernmental agreement with Uganda on cooperation in the peaceful use of nuclear energy and another similar agreement with Dominican Republic. Besides, ROSATOM and IAEA signed agreements to foster cooperation in the economic evaluation methodology in the nuclear power industry. At this year’s General Conference, ROSATOM demonstrated cutting-edge Russian nuclear technologies, as well as their role in achieving UN Sustainable Development Goals.
Category: Other Countries
50MW Kaptai Lake Solar Power Plant: Feasibility study report by Oct likely
September 26, 2019 Thursday 11:55 AM By UNB
The government is expecting to receive in October next the report of a feasibility study on the proposed 50MW Floating Solar Power Plant Project in the Kaptai Lake. Sustainable and Renewable Energy Development Authority (Sreda) appointed a consultant a few months ago to conduct the feasibility study on implementation of the project with the financial support from the Asia Development Bank (ADB). According to official sources, the consulting firm is now conducting the study to find the viability of the floating solar power plant project on the lake which will be the first of its kind while rooftop solar project is conventionally implemented here. Official sources said the government received a positive note from the ADB early this year about financing the project and soon appointed the consulting firm for the feasibility study. As per the initial plan, official sources said, a 50MW floating solar power plant project will be implemented on a pilot basis in the lake in Chattogram Hill Tracts spending Tk 400-500 crore. They said if the Kaptai Lake project is proved to be a successful one, more similar projects will be implemented both in public and private sectors. The government is considering implementing another 30MW floating solar power plant project in the canal of the Teesta Water Barrage area, they mentioned. Official sources said the Power Division formed a high-powered inter-ministerial committee to discuss some technical issues of the Kaptai Lake project as the lake is under Water Resources Ministry while the opinions of the Fisheries and Environment ministries will also be required over the issue. According to the official sources, the recent success of Japan, China, India, Germany, France, China and other countries in floating solar power plant projects prompted the Power Division under the Power, Energy and Mineral Resources Ministry to move for such a green project. Japan was the first country to install a floating solar power plant in 2006 in Chiba by a French firm while China is now the leader in setting up the largest floating solar power plant of 40MW capacity in Huainan city of its Anhui province. Solar projects require huge land and Bangladesh’s main barrier to setting up solar projects is the land scarcity. Power Division joint secretary Mohammad Alauddin informed that installing floating solar power plant projects might be a very suitable concept for Bangladesh as it faces land scarcity problem for implementing solar schemes.  He said the irrigation canal of the Teesta Barrage might be another perfect place for floating solar power plant as a 30MW plant could be installed there. The Teesta Barrage is located on the Teesta River at Duani in Hatibandha upazila of Lalmonirhat district the discharge capacity of which is 12,750 cusec of water. Power Division officials said the move for allowing IPP solar plants is part of the government`s plan to generate 24,000MW of electricity by 2021, the sources added. A special emphasis has been given on power production from non-conventional sources. It aims to increase the total solar power production by 10 percent by 2020 (meaning 2,000MW). The total solar power production in Bangladesh has not crossed 250 MW yet.
Category: Renewable
Promoting new innovations in power and energy sector
September 26, 2019 Thursday 11:38 AM By News Desk, energynewsbd.com
Centre for Research and Information (CRI), in collaboration with government and private sector, will launch an extensive open competition next month among university students across the country with an aim to scout out, develop and scale up new innovations on renewable energy. CRI has signed a memorandum of understanding (MoU) in this regard with Power Cell, Power Division, Ministry of Power, Energy and Mineral Resources (MPEMR) and Green Delta Insurance Company Limited at a ceremony at its office in the city. State Minister for Power, Energy and Mineral Resources Nasrul Hamid, who is also a trustee of CRI, Mohammad Hossain, Director General, Power Cell, Power Division, MPEMR, Farzanah Chowdhury, Managing Director and CEO, Green Delta Insurance Company Limited and Sabbir Bin Shams, Executive Director, Centre for Research and Information (CRI) were present at the signing ceremony. The MoU signing comes in the backdrop of promoting innovation in sustainable and renewable energy which may solve power & energy challenges of the marginal group of the country. As part of the MoU, hundred local entrepreneurs, in addition to the idea hunt competition, will be selected from different parts of the country, who will be provided with technical, strategic and logistics support to roll out an easily scalable and implementable energy production solution (with no geographic dependency). In October, the event is set to commence with an announcement that would see young innovators submit their proposals online and a month long activation events will be held on as many as 15 campuses to attract the students. The proposal should include innovative ideas supported by the basic scientific principles covering design, operation and utility aspects of the product in the renewable sector like solar, wind and biogas based energy solutions, according to a press release. Following a rigorous screening process upon month long submission, as many as five to ten propositions are likely to be selected finally by an expert committee for consideration for financial support and execution at the community level. Selected projects will be funded for commercial operation and scale-up for sustainable business model.
Category: Others
DPDC appoints consultant for power project
September 26, 2019 Thursday 11:35 AM By News Desk, energynewsbd.com
Dhaka Electricity Distribution Company (DPDC) has recently signed an agreement with a consultant firm for a project for supplying uninterrupted electricity in the Dhaka city. The DPDC signed the deal with a consultant firm – Hifab Oy of Finland and Bangladesh Engineers and Consultants Bangladesh Limited (ECBL) Joint Venture Company at Bidyut Bhaban. Witnessing the signing ceremony as the chief guest, State Minister for Power Energy and Mineral Resources Nasrul Hamid directed officials concerned to complete the Expansion and Strengthening of Power System Network project in time. “The project will help will to ensure uninterrupted electricity city supply in the capital city. Once the project is implemented then scenario of Dhaka city will be changed,” he said. Nasrul said the project finance by Chinese government will be implemented under Government to Government method considering very important project. He also directed two managing directors of power distribution companies in Dhaka city for holding talks with authorities concerned of internet and dish line within next month. “As soon as possible all hanging cables attached with power lines will be removed,” the state minister said adding that substations will be erected to make it secured alongside to give the look neat and clean. Managing Director of DPDC Engineer Bikash Dewan said the initiative was taken to strengthen Dhaka’s power distribution system with the help of China. The appointment of consultant was very important for implementation of the project-Expansion and Strengthening of Power System Network under DPDC area,” he said. According to the project details, Chinese contactor- Tebian Electric Apparatus-will implement the project at a cost of Taka 20,468 crore, of which Bangladesh government will give Taka 7,441 crore, DPDC will give Taka 1,249 crore, while China will provide Taka 11,777 crore. DPDC secretary Asaduzzaman and regional director of Hifab Nathalie Tranfeld signed the contract on behalf of their respective sides. Board chairman of DPDC Mohammad Shafiqullah, ECBL’s Managing Director Kazi Kamal Uddin Akram and Regional Director of Hifab Nathalie Tranfeld also spoke on the occasion.
Category: Power
REB to set up 7.5 lakh more prepaid meters by December
September 26, 2019 Thursday 11:33 AM By BSS
As part of the government plan to replace 2.0 crore traditional meters by prepaid ones within 2025, Bangladesh Rural Electrification Board (BREB) will set up 7.50 lakh more meters within December 2019. “We have installed 4 lakh prepaid meters up to June 2019 under BREB areas of Dhaka Division and another 7.50 lakh meters will be installed within December 2019,” Project Director of Prepayment Meter Project in BREB Md Rafiqul Islam told the news agency. He said as a part of the government vision-2021, a plan has been taken to install 31 lakh more smart prepayment meters within 2021, adding, “Currently the government is providing 01 per cent rebate on electricity recharge amount. As the prepayment meter bills on actual uses, so there is no chance of ghost billing, consumers’ sufferings and other anomalies in the power sector”. In addition, prepayment meters protect the appliances (Light, Fan, Refrigerator etc) from voltage fluctuation, the project director said. “To utilize electricity properly, reduce the misuse of electricity and to facilitate the automatic billing system, the government has introduced the prepayment meters in BREB,” he said. Talking to BSS State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the government has taken initiatives to replace 2.0 crore traditional meters by prepaid meters within 2025 for ensuring transparency in electricity billing system. “The government under the honest and sincere leadership of Prime Minister Sheikh Hasina is committed to provide electricity for all within -2021 as per the slogan of the government-Sheikh Hasina’s initiative for reaching electricity in every house,” he added.
Category: Power
Oil dips after three days of gains
August 30, 2019 Friday 5:45 PM By Reuters
Oil prices eased on Friday after three days of gains, with concerns about the state of the global economy amid the US-China trade war keeping prices in check. US oil fell 6 cents, or 0.1 per cent, to $56.65 a barrel by 0050 GMT. The contract is heading for a gain of more than 4 per cent this week, boosted by a decline in U.S inventories and the approach of a hurricane towards Florida. Brent crude was down 10 cents, or 0.2 per cent, at $60.98, after adding 1 per cent on Thursday. Worries about a slowdown in economic growth due to the US-China trade war and the flow-on to oil demand have kept a lid on price gains, even as falling inventories indicate a balancing market. China`s commerce ministry said on Thursday the world`s two biggest economies were discussing the next round of face-to-face trade talks scheduled for September, but hopes for progress hinged on whether Washington could create favourable conditions. The approach of Hurricane Dorian toward Florida raised fears that offshore US crude producers may slow output if the storm passes into the Gulf of Mexico over the weekend. Dorian is heading toward landfall on the Atlantic coast of Florida over the weekend and may enter into the eastern Gulf of Mexico next week. It is is forecast to strengthen and become a highly dangerous Category 4 hurricane on Sunday, the National Hurricane Center said. Chevron Corp`s 356,440 barrel-per-day Pascagoula, Mississippi, refinery is closely monitoring the progress of Hurricane Dorian, a company spokesman said on Thursday. Last month, Hurricane Barry prompted offshore oil companies to shut as much as 74 per cent of production, lifting US crude prices, before it weakened to a tropical storm. Government data on Wednesday showed US crude stocks dropped last week by 10 million barrels to their lowest since October as imports slowed, while gasoline and distillate stocks each fell by over 2 million barrels. Inventories at the nation`s main delivery hub in Cushing, Oklahoma, where WTI futures are priced, slumped last week by nearly 2 million barrels to their lowest since December, the data showed. Cushing stocks have dropped by over 300,000 barrels since the government report, traders said, citing market intelligence firm Genscape`s midweek report.
Category: Other Countries
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy