he Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today expressed their upbeat about the current power and energy situation in the country's RMG sector as the ongoing crisis in this regard is being resolved. "The power crisis in the RMG sector has gone away while the energy crisis in this sector
Tag: power crisis
PM urges all to be economical in electricity use
Prime Minister Sheikh Hasina Wednesday said the countrymen will get electricity as her government would continue the power supply despite being compelled to show austerity in energy sector due to the global crisis for Russia-Ukraine war and Covid-19 pandemic. "We have to be economical due to the war, sanctions and Coronavirus
No immediate solution to current load shedding: Tawfiq Elahi
Prime Minister's Energy Advisor Dr Tawfiq-e-Elahi Chowdhury has said there is no immediate solution to the existing load shedding as the government has reduced import of primary fuel to conserve foreign currency reserve. "We have to cut fuel import considering the future situation as part of the plan to conserve foreign
Bangladeshi industries explore renewables as power crisis looms
An ongoing power crisis in Bangladesh – prompted by a gas shortage – is encouraging Bangladeshi industries to slowly transition to renewable energy sources such as solar power. Although Bangladesh marked 100% access to electricity for all people in March 2022, more than 50% of electricity is generated using natural gas.
BB orders to halt evening banking
Bangladesh Bank has instructed to close evening banking activities to save electricity.The Banking Regulations and Policy Department of the central bank issued a notification in this regard and sent it to top executives of banks for immediate effect Tuesday. According to the notification, evening banking activities will be closed until further
Bangladesh economy hit by external factors: FT
Bangladesh is being affected by ‘economic conditions elsewhere in the world’ as the country is now facing soaring prices of energy and food following the Covid-19 pandemic and Russia-Ukraine war. These have led to energy shortages and rising import bills that are, in some cases, straining the ability of the country
Power supply situation better than last month: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has claimed that the power supply situation has been better in the current month than that in the previous month. "The power supply situation will further improve in the next month....the situation in energy supply will also improve", he told a
Lack of move to explore gas blamed for energy crisis
Speakers at a seminar, organised by FBCCI, the country's apex chamber body, blamed the lack of initiative in local gas exploration for the current energy crisis. "Despite huge potentials, why have we failed to explore our local gas? We have to find out the answer", said Dr. Badrul Imam, eminent energy
UN Chief urges governments to tax ‘Immoral & Excessive’ oil and gas profits
Quader bills BNP’s demo over power crisis as joke of the year
Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader Wednesday said the BNP's demonstration over electricity crisis is the greatest joke of the year. He made the remarks while addressing a press briefing at his secretariat office in the morning. Quader said BNP leaders are not looking at the