IPPs call for uniform import duty on primary fuels

Removal of discrepancies in the import duties imposed on primary fuels, which are used as inputs in power generation, can reduce the government's subsidies in the power and energy sector. The notion is being put forward by the private power producers of the country, also known as IPPs (independent power producers). They

BPDB providing Tk 6000cr to private power producers

State-owned Bangladesh Power Development Board (BPDB) is paying about Tk 6000 crore as "extra payment" to the HFO-based independent power producers (IPPs) because of "excessive delay" in their due payments. According to official sources, the payments are being made at the request of the Bangladesh Independent Power Producers Association (BIPPA), an

Petrobangla for ending foreign monopoly in pre-paid gas metering

 Petrobangla has initiated a move to bring an end to the existing monopoly of a particular foreign company in its pre-paid gas metering system. "We've already received the government's policy approval to allow battery-run pre-paid gas meter," Petrobangla Chairman Zanendra Nath Sarker told UNB recently. According to official sources, a Japanese company

Govt planning to invite int’l bidding for offshore blocks with more attractive PSC

The government is preparing to invite international bidding for the country's offshore gas blocks by making the model production sharing contract (Model PSC) more attractive for international oil companies (IOCs) to invest in hydrocarbon exploration in the Bay. "We're going to offer the price of gas at 10 percent of Brent

Separate entity needed to deal with coal issues

It has become essential to form a separate entity to deal with matters related to importing coal for both public and private power plants. Some recent scams in coal price fixing made it even more necessary in order to protect the interests of the state, as there are various allegations against