Tag: energy
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UK opens nuclear fuel fund to reduce dependence on Russia
Britain said Monday that its 75 million pound ($90.5 million) fund aimed at boosting domestic production of nuclear fuel for power plants and reducing dependence on Russian uranium supplies is now open for applications. The fund, announced in July, will provide grants to businesses involved in uranium conversion, a key step in the process of…
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Eastern Europe holds the key to keeping Ukraine’s power going
Given the fragmented and hurried nature of the response, it is impossible to estimate the total value of the support, but tens if not hundreds of millions of dollars worth of transformers and generators have been shipped. Challenges include finding the right hardware to meet Ukraine’s needs. As a former member of the Soviet Union,…
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ERD ties up with KfW Development Bank on energy related projects
Sharifa Khan, ERD Secretary, and Carolyn Gassner, First Vice President and Director, South Asia, KfW Development Bank, signed the agreements on behalf of their respective sides. The signing ceremony was attended by Michael Sumner, Director of the KFW Dhaka Office, and other senior representatives from the ERD and KFW Dhaka Office. EUR 82 million for…
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CPD questions proposal to hike power tariffs
The Center for Policy Dialogue (CPD) has raised questions about the need for an electricity tariff hike against the backdrop of the relevant ministry’s reported proposal for allocation of 568 billion taka as subsidy, UNB reports. “We do not understand why the Ministry of Energy, Energy and Mineral Resources wants to increase electricity tariffs at…
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Russia digging for long war: Ukraine general
One of those killed in Kherson was a female paramedic with the Ukrainian National Red Cross Society,” according to humanitarian coordinator Denise Brown. She said the strike affected a building used by local authorities and volunteers to distribute aid. “It is shocking to know that the war has caused damage to a place used to…
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Germany’s half-trillion-dollar energy bazooka may not be enough
In March, Economy Minister Robert Habek set a target of turning around Russian energy by mid-2024, although many economists and power industry players believe this is too ambitious. For example, Marcel Fratzscher, president of the German Institute for Economic Research, and Markus Kreber, CEO of RWE RWEG.de, Germany’s largest electricity producer, believe this will not…
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Exxon, Chevron to spend billions more on oil projects next year
Exxon said it would increase project investment to $23 billion to $25 billion next year from an estimated $22 billion this year. Chevron said it plans to spend about $15 billion to $17 billion this year. The increase includes new money for emissions reduction projects and the effects of inflation. More spending will not immediately…
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Team Europe leads the way in green energy transition in Bangladesh
“Global challenges require not only local actions, but also international cooperation and broad-based cooperation. We need each other more than ever to make sure we keep finding ways to push for green change. Sustainability is fundamental to our future, and must be integrated into all areas of society”, highlighted Alexandra Berg von Linde, Ambassador of…
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Oil tankers line up from Turkey as price cap on Russian crude
Four oil industry executives said Turkey had demanded new proof of full insurance coverage for any ships navigating its straits in light of the measures, the Financial Times reported. Turkey’s Ministry of Transport and Infrastructure did not immediately respond to a Reuters request for comment. The ships dropped anchor near the Bosphorus and the Dardanelles,…
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Russia condemns oil price cap, Zelensky calls cap level not ‘serious’
The attacks have caused widespread blackouts, and cut off water supplies and heating to civilians when temperatures in some areas dropped to minus five degrees Celsius (41 degrees Fahrenheit). Authorities have scheduled power cuts several times a day to keep essential infrastructure working. In eastern Ukraine, where fighting is still raging, the governor of the…
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The government wants to control the increase in the prices of gas and electricity at its own will: M Tamim
According to the Bangladesh Energy Regulatory Commission (BERC) Act, electricity and gas prices in the country are decided through public hearings. By amending the Act, the government wants to take control of the pricing decision. The cabinet has already approved the amendment. M Tamim, former special assistant on energy to the caretaker government’s chief advisor,…
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US will release emergency aid for Ukraine energy infrastructure
NATO foreign ministers are meeting in Bucharest on Tuesday and Wednesday to discuss the alliance’s support for Ukraine since the Russian invasion. Germany, which currently holds the G7 presidency, has called a meeting Tuesday afternoon on the sidelines of a NATO gathering to discuss the energy crisis caused by the war in Ukraine. According to…
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Govt to get powers to change fuel, power prices as cabinet passes amendment
Cabinet Secretary Khandkar Anwarul Islam said that after this the government changed the law to avoid complications. BERC does face some problems, for example, Anwarul said, sometimes it is not able to coordinate properly on an urgent basis in case of urgent need. Asked whether the Ministry of Power, Energy and Mineral Resources would be…
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Increasing electricity prices: Which way it will go?
There is a lot of merit to the Power Development Board’s proposal to increase the price for electricity by 18.12% from January. If implemented, the proposal is projected to reduce government subsidies on power by over a third from the current rate of almost a billion dollars (Tk7,500 crore). Bangladesh is not a rich country.…
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Two let plants ready to swing170MW energy to inhabitant grid this month
Two discerning let energy plants carrying sum genius of 170 megawatts of physical phenomenon have been approaching to come in to operation by Mar 26. Of a plants, a 100MW furnace oil-fired energy plant in Madanganj will proceed provision physical phenomenon upon Mar 26, an central of a energy multiplication told any day object yesterday.…