Big hike in gas prices for Bangladesh’s power plants, industry
The development is set to fuel a fresh round of inflation, which declined for the fourth straight month in December last year.
The development is set to fuel a fresh round of inflation, which declined for the fourth straight month in December last year.
Korea's technological experience led to the success of the Barakah nuclear power plant emphasising that the two countries should work together, a senior official said.
Global economic recovery and the Russia-Ukraine war resulted in strong demands for the key commodities, bringing the country trade surplus and strong economic growth throughout…
The Ministry of Industry and Trade also called for the fuel price cycle to be shortened from 10 days to 7 days, for domestic prices to stay more in tune with international prices.
When running low on fuel, small nations cannot easily secure alternative import sources, unlike larger countries.
The Bangladesh Energy Regulatory Commission had recently recommended raising retail electricity prices by 15 per cent.
The two nations are also expected to discuss concerns about the growing shortage of natural gas in the wake of Russia’s invasion of Ukraine.
In effect, unless an affordable substitute is found, replacing coal can ignite political debate about our deep-seated understanding of resource sovereignty.
Indian private companies' interest in exporting renewable energy to Bangladesh was also discussed at the meeting of the two nations.
India's Minister of Petroleum and Natural Gas said, "If Bangladesh wants to open the energy market, India will extend necessary cooperation".