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ADB approves $ 500 for BD power plant

By bdreports24
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Jun 27, 2018
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Dev Partners, Energy

The Asian Development Bank's (ADB) Board of Directors has approved a $500 million loan to develop a state-of-the-art 800 megawatt (MW) power plant in Khulna, Bangladesh, along with associated connections to natural gas and power transmission facilities. "In the face of rising demand for energy in a growing economy, the Rupsha power plant will be the first of its kind in Bangladesh, vastly increasing the availability of efficient and cleaner

energy," ADB Energy Specialist Aziz Yusupov was quoted as saying in a statement received on...

BD, Trafigura abandon LNG supply deal

By bdreports24
|
May 21, 2018
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Energy, Industry

Bangladesh and Swiss trader Trafigura have abandoned the preliminary deal for the supply of 200,000 Mcf/day of regasified LNG following delays in agreeing the terms of the SPA, including the LNG specification and the location for any potential dispute settlement, a senior Bangladesh official said late last week. Bangladesh was seeking to settle any potential dispute at the Bangladesh International

Arbitration Center but Trafigura preferred Singapore, state-owned Rupantarita Prakrtitik Gas Company Ltd.'s Managing Director Mohammed Q...

Pathao to launch mobile wallet next year

By bdreports24
|
Apr 30, 2018
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Asia, Industry, Market

Pathao, a ride-hailing app in Bangladesh, plans to launch its own mobile wallet next year to reduce consumer reliance on cash payments. “Payments is a big challenge. Bangladesh is a cash-based economy and most of the transactions

happen over cash,” Pathao’s CEO and co-founder, Hussain Elius, told CNBC’s “Street Signs” last week. “However, we are very excited to move into the e-transaction space and just next year, we are launching our own wallet,” he said, adding that switching to e-payments would take time as people are “s...

Azim Group Global Steel launched

By bdreports24
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Apr 16, 2018
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Economy, Industry

Azim Group, a multi-national garments holding company based in Bangladesh, recently has launched an enterprise- ‘Global Steel and Engineering Limited’ at Shailabil, Paruhala, Dhamrai, Dhaka. With the launch of the enterprise, Azim group sets its footprint into the steel industry. Azim Group is one of the pioneers in garments industry of Bangladesh. It has been exporting readymade garments to various markets of the world including USA, Europe, South America, Russia, Japan, China and Australia.

To step into anothe...

AGM of Dulamia Cotton Spinning Mills

By bdreports24
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Dec 05, 2017
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Economy, Events, Financial Market, Industry, Market, Meeting, Regulators, Stock

The 30th Annual General Meeting (AGM) of Dulamia Cotton Spinning Mills Ltd will be held 21st December 2017 at Hotel Sundarbans in the city. An advertisement in this regard was published in different media outlets. Gere are the advertisement;

Finnish Wärtsilä wins contract of 300MW power plant

By bdreports24
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Aug 21, 2017
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Energy, Industry

Finnish technology company Wärtsilä has won a contract to supply equipment for a 300MW fuel oil power plant in Bangladesh from Summit Group. The contract has been given by Bangladesh-based energy company for which Wärtsilä will supply eighteen of its Wärtsilä 46 line of engines running on heavy fuel oil.

Under the scope of the contract, Wärtsilä will supply the engine sets and auxiliaries for the power plant to be built in Gazipur. The new power plant will...