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Bangladesh paying oil-fired power plants for purchase defaults

The state-owned Bangladesh Power Development Board is racking up large losses by paying penalties for not purchasing electricity from some oil-fired power plants under an existing agreement, a top BPDB official told Platts Monday. Bangladesh has kept many of its oil-fired power plants shut under a cost-cutting measure since early March as the BPDB stopped […]

Summit signs deals with GEC, CNEEC Thursday‘Three power plants to generate electricity by June 2013

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Shamim Jahangir   Local power giant Summit Group is going to make separate deals with US-based General Electric Company (GEC) and a Chinese CNEEC and NEPC Consortium on next Thursday to install three mega power plants with generation capacity of 1017 megawatts (MW) of electricity by June next year. Power Division officials, however, are skeptical […]

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Dhaka, Jun 10 (bdnews24.com) –Saudi multi-billionaire Prince Al-Waleed Bin Talal has shown interest to invest in Bangladesh’s power and tourism. In his brief visit to Bangladesh lasting five hours on Sunday, Prince Al-Waleed had a meeting with Prime Minister Sheikh Hasina on possibilities of investment and was given a rare state honour. The founder and […]

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