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Uzbekistan embarks on nuclear power plant construction with Russian design
Central Asian country Uzbekistan formally begins implementation of their first ever nuclear power project. The project envisages the construction of two Generation III+ Russian VVER-1200 power units. The first power unit is scheduled to be commissioned before the end of 2028, said a press release. Deputy Prime Minister of Uzbekistan Alisher Sultanov and Director General of ROSATOM Alexey Likhachev inaugurated the study of one of the potential sites in the country on October 19. President of Uzbekistan Shavkat Mirziyoyev and President of Russia Vladimir Putin, joined the event through a videoconference from the Uzbek capital Tashkent. Leaders of the two countries pressed a symbolic button, launching drilling operations at the construction sites to collect soil samples. Few sites were primarily selected based on the results of seismological, geological, ecological and economic feasibility studies. “The creation and development of the nuclear power sector, initiated by the President Shavkat Mirziyoyev, marks a new era for the country’s energy industry and  which will stimulate stable economic development and  will help increase quality of life  of the people,” noted Alisher Sultanov. Alexey Likhachev said, “History of cooperation between Uzbekistan and Russia in the nuclear field is more than half a century long, and we are proud that Uzbekistan chose Russian technologies for the construction of the first NPP in the country. In Uzbekistan ROSATOM will build the most advanced Generation III+ nuclear power plant with two VVER-1200 power units that meets all international safety requirements.” Moreover, both the countries signed a memorandum of understanding on formation of positive public opinion towards nuclear energy in Uzbekistan. The document lays the foundation for bilateral cooperation to promote nuclear power in Uzbekistan and create awareness about modern nuclear energy technologies, to train national media representatives, organize and hold joint conferences, and implement social and educational projects in Uzbekistan.  
Bangladesh, ENOC agree to feasibility study for LPG terminal
October 19, 2018 Friday 9:52 AM By Reuters
Bangladesh and Dubai-based Emirates National Oil Company (ENOC) agreed on Thursday to conduct a feasibility study on setting up a liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said. “Today we held talks with the ENOC delegation and decided to conduct a feasibility study for a joint venture project to build an LPG terminal,” said Sayed Mohammad Mozammel Haque, a director of state-owned Bangladesh Petroleum Corporation. “This is a positive step. After the study, we will finalise the capacity for the terminal and other related things,” he told Reuters after the meeting in Dhaka. Bangladesh currently imports LPG mostly from Oman and Qatar, Haque said. Transport costs for LPG are now about $100 per tonne but once the terminal is built that cost could fall to $30 as it will allow big ships to anchor, which would translate into a 10 percent lower price for end-users, he said. The LPG terminal could be built at Matarbari on Moheshkhali Island in the Bay of Bengal, where the country’s first deep-sea port will be built, the official said. A shortfall in supplies of natural gas has prompted the government to encourage the use of LPG for households. LPG, a mixture of propane and butane, can be used for cooking and transport, as well as in the petrochemical industry. Bangladesh’s demand for LPG now stands at 1 million tonnes against a supply of 600,000 tonnes, the official said, adding the demand could go up to 2 million tonnes by 2022 as it will be a key source for cooking gas in Bangladeshi households. The south Asian country has also turned to liquefied natural gas to offset falling domestic gas output to feed industrial demand and electricity generation in the nation of 160 million people.
Category: LPG
Bangladesh tenders for 1.425m tonnes of oil products
October 17, 2018 Wednesday 12:16 PM By Reuters
Bangladesh Petroleum Corporation (BPC) issued an international tender on Tuesday to import up to 1.425 million tonnes of refined oil products in the first half of 2019, according to a tender document from the company. The state-owned company is seeking 1.06 million tonnes to 1.18 million tonnes of gasoil with a sulphur content of 500 parts per million, 80,000 to 120,000 tonnes of 180-centistoke high-sulphur fuel oil, 110,000 tonnes of jet fuel and 15,000 tonnes of 95-octane gasoline. The tender closes on October 25 and is valid up to February 25, 2019. Delivery will be carried out in phases over the first half of 2019, a senior BPC official said. Some volumes will also be imported through separate term deals, he told Reuters, without giving details. BPC resumed issuing tenders for long-term contracts in February 2016 after a 15-year hiatus, during which it negotiated directly with suppliers of fuel products. The company wants to move away from direct deals and instead buy at cheaper rates through international tenders. A shortfall in supplies of natural gas has forced the South Asian country to burn oil, a costlier option, to generate electricity. Bangladesh typically imports about 3.2 million tonnes of diesel and 2.5 million tonnes of fuel oil annually, making it one of the top 10 such importers in the region. Currently, BPC has term contracts with eight companies for refined oil product imports. Suppliers for Bangladesh’s middle distillates contracts include Kuwait Petroleum Corp, Malaysia’s Petroliam Nasional Bhd, Emirates National Oil Co, Philippines National Oil Co, Indonesia’s Bumi Siak Pusako and PetroChina. Bangladesh has also signed a 15-year deal with India’s Numaligarh refinery to supply diesel, its first long-term contract with any Indian supplier. BPC also buys 700,000 tonnes of Murban crude from Abu Dhabi National Oil Co annually and another 700,000 tonnes of Arab Light from Saudi Aramco for its only refinery. Bangladesh started operations at the country’s first liquefied natural gas (LNG) terminal in August, to offset falling domestic gas production.
Category: Petroleum
With solar farms and roof panels, Bangladesh inches toward green power goal
October 17, 2018 Wednesday 12:13 PM By Reuters
Bangladesh’s electricity generation from renewable sources has passed the 5 percent mark with the opening of a major new solar plant - boosting hopes the country might meet its goal of getting 10 percent of power from renewables by 2020, experts say. The new 28 megawatt solar power plant in Cox’s Bazar District is the largest yet opened in the country, following the earlier construction of a 3 MW plant. The solar plants come on top of the widespread use of solar home systems in the low-lying country, considered one of those most vulnerable to climate change impacts. Currently about 5.2 million small-scale solar home systems provide electricity to almost 12 percent of Bangladesh’s 160 million people, Dipal C. Barua, president of the Bangladesh Solar and Renewable Energy Association, told the Thomson Reuters Foundation. He called the new plant “good news” for the country, saying the accelerating construction of solar power facilities “will build confidence among future investors”. The new 116-acre solar park will supply enough electricity to meet about 80 percent of power demand in the Teknaf sub-district where it is located, said Mahmudul Hasan, chief financial officer for Joules Power Ltd. That area has about 300,000 power users, though little in the way of industrial or large commercial users, he said. Nuher Latif Khan, managing director of Technaf Solartech Energy Ltd., a subsidiary of Joules Power that owns the plant, said the plant had begun operations ahead of schedule. In Bangladesh, “the future of solar power is very fantastic,” he said, noting that company “definitely” planned to invest more in renewable energy, including potentially wind power. Khan said the solar park can produce up to 28 MW of solar electricity at peak capacity and has contracted to provide 20 MW to the government grid. Barua said several other large solar plants are in the pipeline in Bangladesh, after receiving government approval, with a few at advanced stages of construction. MORE COST - THEN LESS While solar plants need a large amount of initial investment to set up, he said, they have very small operational costs afterward, unlike plants that need ongoing sources of coal or other fossil fuels. The government has supported the construction of rooftop solar plants on factories and other commercial buildings, he said, with some facilities on large plants expected to generate a megawatt or more each. With such solar plants, thousands of factories in Bangladesh should be able to meet their own electricity needs, and contribute surplus power to the national grid. “I think one day we will see every building has a rooftop solar power system,” Barua said. However, finding available land to set up ground-level solar plants is a major challenge in densely populated Bangladesh, he admitted. Sheikh Reaz Ahmed, director of the Sustainable and Renewable Energy Development Authority (SREDA), said the country’s 2008 renewable energy policy calls for generating 10 percent of electricity from renewables by 2020. With the country expected to generate 20,000 MW of electricity in total by the date, renewables would have to reach 2,000 MW to hit that target, he said. So far Bangladesh generates just over 530 MW from renewables, nearly half of that from hydropower plants, he said. But the country is set to put online another 600 MW of renewable power in 2019 alone, he said, with another 1,100 MW rolled out in 2020 and 2021. Altogether, plants now in the pipeline should bring the country’s renewable energy generating capacity to 2,235 MW by 2021, Ahmed said. Not all the construction is progressing smoothly, however, with some plants tied up in problems with land acquisition and other issues, he said. Meanwhile, energy generation from fossil fuels also is rising to meet soaring demand for energy in Bangladesh, he said. Last year, Bangladesh’s cabinet committee on public procurement approved a proposal to construct 10 new oil-fired power plants, capable of generating 1,800 MW of electricity. In January, construction also began on a 1,200 MW coal-fired power plant in Cox’s Bazar, funded by the Japan International Cooperation Agency. That means boosting Bangladesh’s percentage of renewable energy above 10 percent won’t be easy, because “each year total power generation from traditional sources will go up” too, Ahmed noted.  
Category: Renewable
IDCOL extends Tk 694m term loan facility to Sympa Solar Power
October 16, 2018 Tuesday 8:40 PM By News Desk, energynewsbd.com
A term loan facility agreement for Tk 694m was signed between Sympa Solar Power Limited (SSPL) and state-owned financial institution Infrastructure Development Company Limited (IDCOL) on October 15, 2018 at IDCOL head office to set up an 8 MW (AC) utility scale solar power plant at Tetulia in Panchagar. SSPL is a joint venture company between Paragon Group and Symbior Solar Siam Ltd. SSPL has signed a power purchase agreement (PPA) with Bangladesh Power Development Board (BPDB) to sell generated electricity from the project for a term of 20 years to BPDB, said a press release. The tariff of the project will be US$ 0.13 per kWh. IDCOL is providing the required financing as term loan for a term of 15 years at 7 percent interest rate with 2 years of grace period. The Chief Executive Officer of IDCOL, Mahmood Malik and the Managing Director of SSPL, Florian Bennhold signed the term loan facility agreement on behalf of their organizations. Additional Secretary of Power Division, Rahamat Ullah Mohd Dastagir, Joint Secretary of Power Division, Mohammad Alauddin, Managing Director of Paragon Group Moshiur Rahman, Deputy CEO of IDCOL SM Monirul Islam and Head of Renewable Energy of IDCOL Enamul Karim Pavel graced the occasion with their presence.   
Category: Renewable
IFC invests $20m in Omera Petroleum to enhance LPG access
October 13, 2018 Saturday 12:01 PM By UNB
International Finance Corporation (IFC), a member of the World Bank Group, has invested $20 million as a long-term loan in Omera Petroleum, a subsidiary of MJL Bangladesh Limited, to help the company double its capacity and increase the availability of liquefied petroleum gas (LPG), especially in rural areas. Omera, whose parent MJL is majority owned by the Bangladeshi conglomerate, East Coast Group, is the second-largest player in Bangladesh’s LPG market by volume, said the IFC in a statement on Thursday. The IFC loan is part of its project to double its capacity and make LPG available in nearly all sub-districts of the country. This will expand access of LPG to 350,000 additional households (around 12 percent of the total market potential) over the life of the loan. It will also help reduce greenhouse gas emissions by substituting kerosene, wood, and other hazardous cooking fuels, and allow the limited reserves of natural gas to be diverted to power generation and industries. Declining natural gas supplies have prompted the Government of Bangladesh to promote LPG as a major source of primary energy. The government aims to supply LPG as cooking fuel for 70 percent of households within the next three years. It has also been promoting LPG usage in vehicles as an alternative to compressed natural gas CNG) and bulk LPG for industrial purposes. “IFC is committed to delivering clean energy to all people in Bangladesh,” said Wendy Werner, IFC Country Manager for Bangladesh, Bhutan and Nepal. “Omera’s expansion will enable businesses and families across the country to switch from biomass energy to clean LPG fuel for cooking and commercial activities. LPG makes positive development impact in Bangladesh’s energy mix. We laud the Government’s stance to promote privatization of LPG sector to create a resilient energy sector.”  Bangladesh is a low-income International Development Association (IDA) country. IFC`s country strategy for 2017-21 – while addressing other key development gaps – focuses on increasing access to electricity, and diversifying energy sources. This project will enable the end users to switch to a much cleaner and efficient fuel. “Omera has made great socio-economic contribution across Bangladesh by delivering the largest volume of LPG using our state-of-the art infrastructure across urban & remote areas”, said Tanzeem Chowdhury, Head of Corporate Planning and Business Development. He said this is the beginning of a long term partnership between IFC and East Coast Group to finance and build larger projects that will help achieve our Group objective to provide easy access of green fuels and clean energy to every district of Bangladesh. Access to energy and diversification of fuel are two critical bottlenecks in the growth trajectory of Bangladesh. In the last five years, IFC has invested about $800 million to remove these obstacles. This is IFC’s first investment to promote LPG in Bangladesh, said the statement.
Category: Business
PTC sings $1.8 billion power supply deal with Bangladesh
October 12, 2018 Friday 11:31 AM By News Desk, energynewsbd.com
Power trading solution provider PTC India said Wednesday it has signed two new power purchase agreements (PPAs) with Bangladesh Power Development Board (BPDB) for supplying 200 MW power to that country. PTC India is already supplying 290 MW power to Bangladesh and signed Tuesday two new agreements for 200 MW on short and long-term basis for 15 years, a PTC statement said. The short-term power for 200 MW is from power pool of West Bengal State Electricity Distribution Company Ltd (WBSEDCL). The long-term power will be supplied through imported coal project of Meenakshi Energy Ltd, according to a report by The Economic Times. With this new addition in cross-border supply, PTC will add more than 1.5 billion units to its existing portfolio of 7 billion units power supply to neighbouring countries (Bangladesh, Bhutan and Nepal), it added. The transaction is expected to give export earning of US $ 1.8 billion over its contract period. Deepak Amitabh, chairman and managing director, PTC India, said in the statement, “This transaction is another step towards a regional market for power that will aid closer cooperation among our neighbours for energy security.”  
Category: Power
Asian LNG prices ease as supply levels remain healthy
October 10, 2018 Wednesday 8:25 PM By Reuters
Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going into the northern hemisphere’s autumn season countered upward pressure from a bullish oil market. Spot prices for November delivery LNG-AS dipped by 10 cents to $11 per million British thermal units (mmBtu), industry sources said. That slip came despite an extremely bullish crude oil market which has seen benchmark Brent futures surge by 20 percent since mid-August ahead of U.S. sanctions against Iran’s petroleum sector that kick in from November 4. While a major oil exporter, Iran sells no LNG, and traders said Asian gas markets were well supplied. “Oil markets may be volatile and bullish at the moment. In LNG, things are a bit more quiet at this stage,” said a Singapore-based trader. “Sure, demand is strong ahead of the winter heating season across North Asia, but supply is also pretty decent,” he said, declining to be identified as he was not authorised to speak with media. The well-supplied market is reflected in the price curve, in which Brent-indexed LNG prices show a slight rise over the coming peak winter months, but with the curve easing after that into the second-half of 2019. Japan’s Inpex said this week it shipped its first condensate export cargo from the Ichthys LNG project in Australia. Inpex said in August that it expected the $40 billion Ichthys project to start shipping condensate, LNG and liquefied petroleum gas (LPG) in that order from around end-September to end-December. LNG demand tends to rise in the second-half of a year as utilities in the demand centres of Japan, China and South Korea prepare for the peak winter consumption season. The weather outlook for North Asia is for average conditions in the next 45 days, with Tokyo expecting slightly above average temperatures and Seoul expecting slightly cooler conditions, according to data in Refinitiv Eikon. Beijing is expected to experience temperatures around the seasonal norm, the data showed. Strong overall demand has returned the gas industry to good health after years of spending cuts and project cancellations between 2014 and 2017. Royal Dutch Shell, which has the world’s biggest LNG portfolio, this week announced it would go ahead with the 14 million tonnes per annum LNG Canada project, at a cost estimate of $31 billion. The project is expected to deliver its first LNG cargo in 2025.  
Category: Other Countries
India signs agreement for 6 nuclear power units with Russian VVER-1200 reactors
October 6, 2018 Saturday 4:02 PM By News Desk, energynewsbd.com
On sideline of the 19th India-Russia Annual bilateral summit, held in New Delhi, both the countries on Friday have signed a deal for cooperation in implementing of a new nuclear power project in India. The new project will have six power units with latest generation 3+ VVER 1200 reactors, said a press release. The action plan document was signed by India’s department of Atomic Energy Secretary Kamlesh Vyas and Rosatom director general Alexey Likhachev. “We are satisfied with our strategic cooperation with India, where the Russian designed nuclear power units are operating and being constructed at Kudankulam site. We expect to start implementation in the near future serial construction of new units at a second site in India. This will significantly increase level of equipment localization within framework of the “Make in India” policy, as well as optimize timing and cost of the project execution. Moreover, India is our trusted partner, with whom we are already implementing projects in the third countries, and we plan to enhance this cooperation,” said Alexey Likhachev in a statement after signing the agreement. Commenting on the agreement, Jawaharlal Nehru University Emeritus Professor Ramamurti Rajaraman noted that Russia is the only country to have successfully set up nuclear power plants in India, despite the problems posed for foreign suppliers by India’s civil nuclear liability insurance law. Under an agreement signed earlier, Russia has been implementing the nuclear power project with six power units at Kudankulam of Tamil Nadu. Two of those six units are already supplying electricity to Indian national grid. All the units are being constructed based on Russian VVER 1000 reactors while the new project will have units equipped with more advanced VVER 1200 reactors. Production capacity of these type of reactors is 20% higher. It may be mentioned here that Rooppur Nuclear Power Plant in Bangladesh will have two units each with a VVER 1200 reactor. Atomstroyexport (ASE), engineering division of Rosatom, the State Nuclear Corporation of Russia is implementing the project. Under a trilateral agreement, Indian companies can be involved in construction and installation works, the supply of material and equipment of a non-critical category, as well as in the training of personnel.
Category: Regional
‘India-Led Solar Alliance Will Outshine OPEC’
October 5, 2018 Friday 8:10 PM By NDTV/AFP
An India-led coalition to harness solar energy will eventually replace the OPEC oil cartel, Prime Minister Narendra Modi predicted on Tuesday, as he opened the International Solar Alliance or ISA’s first assembly with UN chief Antonio Guterres. “The role of the oil wells today will be that of the Sun’s rays tomorrow,” PM Modi said at the meeting in New Delhi. “In the coming years, when the world discusses initiatives for the welfare of humanity in the 21st century, International Solar Alliance’s name will be at the top. We have prepared everyone to ensure climate justice through this ISA forum,” he said. The Organization of the Petroleum Exporting Countries or OPEC pumps around a third of the world’s oil, and over decades has been able to influence the global energy market by controlling the price of crude. The International Solar Alliance, launched by Prime Minister Modi and then French president Francois Hollande in 2015 and based in India, is an alliance of countries mostly between the Tropics of Cancer and Capricorn that receive plentiful sunshine. It aims to reduce the costs of financing solar power and the required technology, and to mobilise more than a trillion dollars to build solar facilities and infrastructure by 2030. “The International Solar Alliance represents exactly what needs to be done and represents the future,”  Guterres said at the event. “We know what we need to do, and by large, we have the tools to do it. What we still lack, fortunately not here in this room... is the political commitment to make the transformative decisions that will lead us onto a safer path,” he said. With only a single degree Celsius of warming so far, the world has seen a climate-enhanced crescendo of deadly heatwaves, wild fires and floods, along with superstorms swollen by rising seas. India’s population of 1.3 billion is particularly vulnerable to climate change. In August, the worst rains and floods in a century pounded Kerala, displacing 1.3 million people, with climate scientists warning that worse is to come if global warming continues unabated. The International Solar Alliance’s first assembly, involving member countries, banks, development funds, the corporate sector and civil society groups, is due to run until Friday.
Category: Regional
China’s benchmark power coal price stays flat
October 3, 2018 Wednesday 10:32 AM By Xinhua
China’s benchmark power coal price remained unchanged during the past week in part due to increasing coal imports and shrinking consumption in coal-fired power plants. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China’s major ports, stood at 569 yuan (around 82.71 U.S. dollars) per tonne, the same as a week ago, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd. The index was 2.9 percent lower than at the same period in 2017. Power coal prices have largely remained stable with slight fluctuations. Coal imports remain at a high level, up 13.5 percent year-on-year to 28.68 million tonnes in August. As the peak season passed, daily coal consumption averaged 635,000 tonnes in six major coastal power stations, markedly down from 706,000 tonnes a year ago. China is in the middle of capacity cutting in its overloaded coal sectors, with plans to reduce a further 150 million tonnes of capacity this year.
Category: Other Countries
Bangladesh to hold talks with ENOC for LPG terminal
October 3, 2018 Wednesday 10:10 AM By Reuters
Bangladesh will hold talks with Dubai-based Emirates National Oil Company (ENOC) to set up an liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said on Tuesday. “ENOC has sent us a proposal for a joint venture project to build an LPG terminal,” said Sayed Mohammad Mozammel Haque, a director of state-owned Bangladesh Petroleum Corporation. “We have invited them for detailed discussions in our office in Dhaka. They are supposed to come on October 11,” he told Reuters, adding the capacity for the terminal and all other details will be discussed during the meeting. Bangladesh currently imports LPG mostly from Oman and Qatar, Haque said. Transport costs for LPG are now about $100 per tonne but once the terminal is built that cost could fall to $30 as it will allow big ships to anchor, which would translate into a 10 percent lower price for end-users, he said. The LPG terminal could be built at Matarbari on Moheshkhali Island in the Bay of Bengal, where the country’s first deep-sea port will be built here, the official said. The government is encouraging the use of LPG for households to cope with a shortfall in supplies of natural gas. LPG, a mixture of propane and butane, can be used for cooking and transport, as well as in the petrochemical industry. Bangladesh’s demand for LPG now stands at 1 million tonnes against a supply of 600,000 tonnes, the official said, adding the demand could go up to 2 million tonnes by 2022 as it will be a key source for cooking gas in Bangladeshi households. The south Asian country has also turned to liquefied natural gas to offset falling domestic gas output to feed industrial demand and electricity generation in the nation of 160 million people.
Category: LPG
PGCB signs deal to upgrade Aminbazar grid sub-station
October 1, 2018 Monday 11:54 AM By News Desk, energynewsbd.com
The state-owned Power Grid Company of Bangladesh (PGCB) signed a Tk 164 crore deal with a Korean company to upgrade the Aminbazar grid sub-station with a view to improving the power supply situation from Payra of Patuakhali to Aminbazar in Dhaka. PGCB company secretary Md Ashraf Hossain and Hyosung Corporation team manager Eun Sung Lee signed a deal in this regard on behalf of their respective organisations at PGCB office on Sunday. Under the project, the PGCB will convert the Aminbazar 230/132kV grid sub-station into a 400/230 kV one in order to strengthen its capacity. Upgrading of the grid sub-station will help supply of electricity from 1,320MW and 3,000MW Payra power plants and 1,320MW Rampal power plant through Gopalganj. The project will also help improve capacity to supply electricity at 400 kV gridline at Meghnaghat. Under the deal, the Korean firm Hyosung Corporation will complete the project on turn-key basis. The signing programme was attended, among others, by PGCB Executive Director (O&M) Md Emdadul Islam, Chief Engineer (P&D) Pranab Kumar Roy, Chief Engineer (Project Monitoring) Arun Kumar Shah, Superintendent Engineer Abdur Rashid Khan and General Manager Abul Khair.
Category: Power
Plan to extend power transmission lines to 36,870 kms by 2041
September 29, 2018 Saturday 7:04 PM By UNB
The government has planned to extend the power transmission lines to 36,870 kms cross the country by 2041 when the country will produce 60,000 MW of electricity. Of the total grid transmission lines, 16,655 kms will be of 132 kV while 9,717 kms of 230 kV, 1,740 kms of 400 kV and 796 kms of 765 kV, according to officials at the Power Division. According to the Power Cell statistics, the total length of transmission lines at present are 11,123 kms covering all over Bangladesh. Of this, 132 kV transmission lines are 7,082 kms while 230 kV 3,343 kms and 400 kV lines are 698 kms. Until now, there is no 765 kV line anywhere in the country. Power Cell Director General Mohammad Hossain said the government has now been putting additional focus on developing the transmission sector following increase in the power generation. The country’s power generation capacity crossed the landmark of 20,000 MW recently while highest power generation was recorded at 11,623 MW on September 19. But still many areas of the country, especially rural ones, have to face blackout and frequent power disruption because of weakness in transmission and distribution systems. The government’s fund crisis is mainly blamed for the lack of expected advancement of the transmission sector. Admitting the weakness and the cash crunch, State Minister for Power, Energy and Mineral Resources Nasrul Hamid recently urged the private sector investors to invest in the power transmission business. He said the country will require $80 billion for the development of the country’s power sector by 2041 of which a major portion will be required for the transmission sector. “The country has so far received about $14-billion investment in the power sector of which a major part came from local and foreign direct investment (FDI) under private sector power generation policy,” he said, adding that now the government wants the private sector to invest in the transmission sector. Of the total power generation, some 8,845 MW of electricity is developed by public sector while 6,897 MW by the private sector and 1,160 MW of electricity is being imported from India, reveals Power Cell statistics. The remaining 2,800 MW of power is being generated by captive operators in the industrial sector while 250 MW generated from renewable energy. Many experts believe the country will not be able to provide reliable and quality power supply until the transmission system is developed to a certain mark.  
Category: Power
Russian bloggers visit Rooppur nuclear power plant
September 29, 2018 Saturday 5:53 PM By News Desk, energynewsbd.com
Russian bloggers as part of their eight-day tour to Bangladesh visited the under construction Rooppur Nuclear Power Plant at Ishwardi of Pabna on Thursday. To project Bangladesh, its tourism potentials in Russia and to impart a new dimension in bilateral relations their Bloggers’ trip is organised by ASE Group of Companies, an engineering division of Rosatom State Atomic Energy Corporation Rosatom, responsible for the construction of Rooppur Nuclear Power Plant, said a press release. The Bloggers were warmly welcomed by the Russian and Bangladeshi staff working there. They were taken around different facilities of units 1 and 2 of and briefed on future implementation plan of the project. “The visit by the top Russian Bloggers is a testament of our commitment to friendly Bangladesh. We are happy to somehow be a part of country’s rapid socio-economic development,” said Alexander Khazin, Senior Vice President for International Project of ASE Group of Companies. “While Bangladesh aims to become a developed country by 2041, demand for green and clean energy is estimated to rise manifold. I firmly believe that Rooppur Nuclear Power Plant will play a significant role in meeting that demand.” The bloggers group includes Oleg Cricket (Instagram: @olegcricket), Dmitry Lazykin (Instagram: @dimalazykin), Irina Goldman (Instagram: @veryire) and Nikita Teterev (Instagram: @nikita_teterev) together they have more than 16 lakh followers on the Instagram. The bloggers are traveling around various tourist attractions and getting acquainted with the people and their traditional lifestyle, culture and sharing their first-hand experience in their respective blogs.  After visiting the Rooppur project site, Oleg Cricket, one of the most popular Russian Bloggers with nearly one million followers on Instagram said. “Work is booming at the site and the working atmosphere is just fantastic. It is amazing to see how the Russian and Bangladeshi are working hand to hand in constructing the Bangladesh’s first ever Nuclear Power Plant.” “As elsewhere this nuclear power plant will boost local socio-economic development, without harming the wonderful nature of the Pabna district.” “I am thoroughly enjoying my trip to Bangladesh. The country has so many things to offer to Russian tourists, with its unexplored natural beauty. unique culture and lifestyle.” said Irina Goldman, former Editor of the famous magazine- Cosmopolitan who is traveling with her pet dog Space. “In my eyes Rooppur project is a bright symbol of friendly co-operation between our countries. I am really happy to be able to visit the project site.” The Bloggers have already visited Dhaka,Tangail, Mahasthangarh, Pabna and at the moment they are in Khulna. Further program includes visit of Bagerhat, Sundarbans, Chattogram, Bandarban, among  other places. Rooppur Nuclear Power project will have two units each of 1,200 MW capacity. The plant will be equipped with the generation 3+ Russian VVER reactors, that fully meet the IAEA`s latest safety requirements. The project is being implemented by ASE Group of Companies as the General Contractor under supervision of Bangladesh Atomic Energy Regulatory Authority (BAERA) and International Atomic Energy Agency (IAEA).    
Category: Nuclear
Oil prices may rise to $100 a barrel by end of year
September 25, 2018 Tuesday 5:10 PM By Reuters
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite. This was predicted by commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore. Almost two million barrels per day (bpd) of crude could be taken out of the market as a result of the US sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to $100 a barrel possible. “We`re on the verge of some significant volatility in Q4 2018 because depending on the severity and duration of the Iranian sanctions, the market simply does not have an adequate supply response for a 2.0 million barrel a day disappearance of oil from the markets,” Jaeggi said. Washington has already implemented financial sanctions against Iran and it plans to target the country’s oil exports from November 04, putting pressure on other countries to also cut Iranian crude imports. Ben Luckock, co-head of oil trading at fellow merchant Trafigura said crude oil prices could rise to $90 per barrel by Christmas and to $100 by the New Year as markets tighten. Oil prices LCOc1 have been rising since early 2017, when the Organisation of the Petroleum Exporting Countries (OPEC) together with other suppliers including Russia started withholding output to lift crude values. Unplanned disruptions from Venezuela to Libya and Nigeria have further tightened the market just as global demand approaches 100 million bpd for the first time. The threats of disruption as well as the early supply cuts have helped to lift Brent crude futures to nearly $80 a barrel this month, a level not seen since 2014. With US sanctions against Iran, the third-largest producer in OPEC, looming, US investment bank JP Morgan said in its latest market outlook that “a spike to $90 per barrel is likely” for oil prices in the coming months. OPEC and other oil producers are considering raising output by 500,000 bpd to counter falling supply from Iran.
Category: Other Countries
China now becomes world’s second-largest LNG importer
September 25, 2018 Tuesday 6:25 AM By Xinhua
China imported 4.71 million tonnes of liquefied natural gas (LNG) in August, up 51.5 percent year on year, the country’s customs authority said. Total LNG imports in the first eight months reached 32.63 million tonnes, up 47.8 percent year on year, according to the General Administration of Customs. China surpassed the Republic of Korea to become the world’s second-largest importer of LNG in 2017, according to IHS Markit, a global marketing information company. China`s imports of natural gas have grown to meet increasing domestic consumption, primarily driven by environmental policies to replace coal-fired electricity generation. An industry report says, the country is likely to surpass Japan to become the world’s largest natural gas importer by 2019, with imports expected to reach 171 billion cubic meters by 2023, mostly LNG.
Category: Other Countries
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