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Industry

Huawei platform ecosystem for finance industry

Huawei recently announced that it will partner with eleven of the world’s leading banking IT solution providers to establish an open platform ecosystem for the finance industry at Huawei’s Global Financial Services Industry (FSI) Summit 2015 in Beijing, China. [caption id="attachment_18464" align="alignright" width="534"]Huawei Establishes an open ecosystem 1 The kick-off ceremony for the open platform ecosystem for the finance industry.[/caption] Among the partners are Accenture (China) Co. Ltd, Bei...

Aggreko to miss market expectations on Bangladesh

Aggreko PLC Friday said that trading terms for gas contract extensions in Bangladesh are likely to be less favourable than its earlier expectations. The company said it now expects its 2015 interim and full year results to fall short of current market expectations, citing a further slowdown in its North American oil and gas related business and “ongoing security challenges” in Yemen. [caption id="attachment_18398" align="alignright" width="620"]David Cameron, the UK Prime Minister speaks to workers during his visit to an Aggreko factory, Dumbarton recently. David ...

Huge growth prospects of rental power in Bangladesh

The Indian subcontinent power rental market was valued at over $100 million in 2014 according to a research report by Verify Markets. The market in India was the largest within the Indian Subcontinent by far followed by Pakistan and then Bangladesh. Bangladesh also contributes towards the temporary power or rental power plants in the region. However, those plants have an uncertain future. Once the country commissions its permanent power plants, most of those plants will likely shut down by 2020. quick rentalMany of these permanent power plants...

PNOC EC oil exports to Bangladesh up

PNOC Exploration Corp. (PNOC EC) aims to maintain oil exports to Bangladesh and Indonesia, which rose slightly in 2014 compared to 2013 shipments. Oil deliveries to Bangladesh via state-owned Bangladesh Petroleum Corp. (BPC) reached 382,759 metric tons (MT) for 2014 worth about $342.3 million, company president and CEO Pedro A. Aquino Jr. told the Inquirer. The initial estimate for 2014 was 382,751 MT. bpc-oilThe total volume consisted of gas oil, motor gasoline or mogas and high speed fuel oil or HSFO. In 2013, PNOC EC sold 382,751.93MT to Banglades...

Country powers ahead on off-grid solar

More than the technology it is the advocacy that allowed the Bright Green Energy Foundation (BGEF) to install more than 145,000 solar home systems (SHS) that benefit eight million rural people in Bangladesh. SHS units including solar panels, battery and regulator are not displayed in showrooms. Instead BGEF has been directly promoting the benefits of its environment-friendly technology in the field since 2010, when it was registered. solar BanglaDipal Chandra Barua, the founder of BGEF, puts his faith in rural-based Green Technology Centres...

Govt plans to build 2 additional land-based LNG terminals

The Bangladesh Government is planning to develop two additional land-based liquefied natural gas (LNG) terminals at Moheshkhali in Cox’s Bazar and Paira Seaport area. Bangladesh Energy and Mineral Resources Division (EMRD) expects the project to be implemented by the state-owned oil company Petrobangla, reported an English Daily. Govt-logo-bangladeshPetrobangla is believed to have been directed by the government to select a consultant and to float an expression of interest to develop the LNG projects, which would address pot...