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GE selected to develop power plant in BD

GE Power Leadership with Mr. Noor Ali, Chairman, Unique Group
In its continued efforts to provide the most advanced energy solutions to Bangladesh, GE Power (NYSE: GE) today announced that it has been selected by Unique Group, to develop the 600 megawatt (MW) natural gas based combined cycle power plant at Meghnaghat, near Dhaka, Bangladesh. Unique Meghnaghat Power Limited (UMPL) will be executing the project. The power plant will produce power equivalent to the electricity needed to supply about 700,000 homes in the region.

BD, Trafigura abandon LNG supply deal

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

Pathao to launch mobile wallet next year

Bitcoin
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 Bitcoinhappen 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

AMI_6898
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. AMI_6898To step into anothe...

Bhutan to supply hydropower to Bangladesh

Bangladesh-Bhutan
Leaders of India, Bhutan and Bangladesh may soon formally sign and join hands to build a 1,125 MW hydropower project in Bhutan as trilateral memorandum of understanding (MoU) on this has been finalised by the three Asian countries. Bhutan would export the power to Bangladesh produced from this project, via India. Bangladesh plans to invest in the 1,125 megawatt Dorjilung hydropower project in Bhutan’s Lhuentse district. The Government of Bangladesh earlier approved $1 billion for investment in Bhutan’s hydropower. The project could boost Bhutan’s plan to become a hydroelectric power juggernaut and battery

Indonesia offers LNG supply to Bangladesh

LNG
Indonesia has offered to supply liquefied natural gas (LNG) to Bangladesh to meet its (Bangladesh) growing energy demand. The proposal came when Indonesian Ambassador to Bangladesh Iwan Wiranata-atmadja paid a farewell call on Prime Minister Sheikh Hasina at her Jatiya Sangsad office here on Sunday evening. After the meeting, PM's Press Secretary Ihsanul Karim briefed reporters. The Indonesian ambassador highly appreciated visionary and dynamic leadership of Prime LNGMinister Sheikh Hasina and said Bangladesh achieved stunning s...