Paul Spedding London – The conventional wisdom regarding the recent plunge in the price of oil is that we are seeing a repeat of the 1985-1986 collapse, when Saudi Arabia ramped up production as part of a dispute with other…
Tag: Energy
Oil prices fall further
Tokyo – Crude prices edged down in Asia on Monday as worries about the ongoing supply glut offset news that the oil ministers of Saudi Arabia and Venezuela had held talks on stabilising the beleaguered market. A pick-up in the…
Homegrown energy security for Europe
by Anders Fogh Rasmussen Copenhagen – The European Union is highly dependent on foreign oil. For every 100 liters consumed within the EU, 90 are imported. Meanwhile, domestic oil production is plummeting, down more than 50% over the last decade.…
CNG comes into effect under metering system in Ctg
Roads Transport and Bridges Minister Obaidul Quader today said CNG-run auto rickshaws will come into effect under metering system in the port city from tomorrow.All CNG run auto rickshaws will run in the port city under the new meter rules…
Power tariff hike again soon – Minister
Dhaka – The government will again move to raise power tariff side by side with improving the customer service. This indication was dropped by State Minister for Power and Energy Nasrul Hamid on Sunday while addressing the general manager conference…
2,000 MW renewable energy generation in 2021
The government has set a target to generate 2,000 megawatt (MW) renewable energy in 2021 which is 405MW at present.
Asian stocks plummet as oil drops below $28 a barrel
Asian stocks fell sharply Wednesday as oil sank below $28 a barrel to its lowest level in more than 12 years. The Hang Seng in Hong Kong plunged 3.8%, while Japan’s Nikkei lost 3%.
Record global investment in clean energy in 2015 amid fossil fuel price crash
London and New York PRNewswire — Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $329.3bn, up 4% from 2014’s revised $315.9bn and beating…
Restrictions on power, energy top management foreign training
The Minister for Power, Energy and Mineral Resources Nasrul Hamid on Monday said that the ministry is planning to put restriction on foreign training and travels of the top management of power and energy sector. He was speaking as the…
Oil price tumbles to below $33
Oil prices tumbled to $32.62 a barrel on Thursday as a result of rising US energy stockpiles and China’s weakening currency. Brent crude fell 4.7% while US West Texas Intermediate was down 3.9%. For US oil, that was its lowest…
No complain in first ‘mass hearings’ of DPDC
STAFF REPORTER With the tagline ‘Dependable electricity, satisfied customer’, Dhaka Power Distribution Company Limited (DPDC) organized the first installment of its six series ‘mass hearings’ on Monday in its Dhanmondi 5A office.
Govt approves $12.65 billion Rooppur nuke power plant
Dhaka – The Cabinet Purchase Committee on Wednesday approved a $12.650 billion contract with Russia to build a 2400-MW Rooppur Nuclear Power Plant. The approval came at a meeting of the cabinet body held with Finance Minister AMA Muhith in…
Information on nuclear energy at energy fair
Bangladesh Atomic Energy Commission (BAEC) organised a booth at the Power and Energy Fair 2015, held at BICC from December 10-12. Visitors took interest in various information materials on nuclear energy and Rooppur Nuclear Power Plant at the BAEC booth.…
Uranium 500ppm found in Sylhet, Moulvibazar
Dhaka – Chief scientific officer of Bangladesh Atomic Energy Commission (BAEC) Dr AKM Fazle Kabria on Saturday said uranium of 500 ppm has been found in Sylhet and Moulvibazar areas. He, however, said this is still at the study and…
Bangladesh govt, media team visit Russian nuke facilities
A Bangladesh delegation comprising representatives of Ministry of Science and Technology, Administration of Pabna and Ishwardi, Bangladesh Embassy in Russia, and the mass media visited Russia from December 1-4, 2015 to see for themselves various nuclear power facilities. The delegates…
World’s first BN-800 reactor ready to generate power
Dhaka – Rosatom has made another step towards the Generation IV reactor. The world’s first 880 MW fast breeder reactor is about to generate electricity as the Russian regulator Rostekhnadzor have issued a relevant permit and final tests have been…
Rooppur Nuclear Power Plant: Expert opinion
For a country with about 160 million population and one that aims to become a middle income country by 2021, nuclear is the only option for mitigating the future energy demand. But to reach that goal we need wide vision,…
‘Ramphal coal-fired plant putting Sundarbans in crossfire’
Noted columnist Syed Abul Maksud said the move to set up 1320MW coal-fired power plant at Rampal adjacent to the Sundarbans in Bagerhat district is an attempt to put the Sundarbans in crossfire and criticised the governmen for the same.…
National Comittee on Oil-Gas terms invitation to Ramphal trap, rejects
The National Committee to Protect Oil-Gas, Power-Port and Natural Resources have rejected an invitation of the Energy and Power Ministry to visit the site of the Rampal coal-fired power plant, all-expenses paid. The committee comprising mostly Marxists, environmentalists and social…
Navigating the energy revolution
by Abdullah M. Al-Shehri,Julian Popov Riyadh, London – For decades, the international energy landscape has been relatively stable, with producers like Saudi Arabia, Iran, and Algeria selling oil and gas to consumers in the United States and Europe. In a…
Rosatom workshop on ecological aspects of nuke power in Vietnam
Russia’s state atomic energy corporation- Rosatom in association with Vietnam Atomic Energy Institute (VINATOM) held a workshop dedicated to environmental safety of nuclear power technologies in Hanoi, Vietnam recently. Representatives of various key Government authorities and companies of Vietnam, such…
Nuke decommissioning, radioactive waste management
In the framework of the seminar hosted by Nukem Technologies, 100percent subsidiary of the JSC Atomstroyexport (ASE), the participants reaffirmed their growing interest in the issues of nuclear decommissioning and radioactive waste management, particularly in the need for comprehensive optimised…
First-ever sustainable energy roadmap for the Caribbean launched
Worldwatch Institute study suggests CARICOM-wide energy and climate targets and outlines strategies and initiatives for achieving them Washington, D.C.-The Caribbean Community (CARICOM) has received recommendations for reaching an ambitious regional target of 48percent renewable energy generation by 2027. The Caribbean…
Russian nuclear industry – seven decades of glorious history
Raquib Siddiqui Despite global economic crisis, the nuclear industry of Russia celebrates its 70th anniversary on a high note. According to many experts, credit for glorious existence of Russian nuclear industry goes to Rosatom Engineering Division. For many years Russian…
Russia’s new step towards the closed nuke fuel cycle
Russia’s Nuclear Industry Day, on 28th of September, Rosatom’s Mining and Chemical Plant in Krasnoyarsk Krai started commercial production of MOX fuel – a fuel for nuclear reactors of the future. Mixed oxide (MOX) fuel is nuclear fuel that contains…
Russia, Armenia deal to exchange info on nuke, radiation safety
The Government of the Republic of Armenia and Government of the Russian Federation signed the Intergovernmental Agreement on exchange of information related to nuclear and radiation safety on October 7, 2015. The document was signed by S. Kirienko, Director General…
Rooppur Nuke plant installation to be late by a year
Implementation of Rooppur Nuclear Power Plant project is likely to get delayed by a year, according to Maksim V Elchishchev, who has been appointed to head the project for Russian state nuclear agency Rosatom. He has quashed speculation that there…
ADB to provide $120m loan for Indo-Bangla electricity
The Asian Development Bank (ADB) will provide $120 million to Bangladesh in loan to help increase transmission capacity of a cross-border electricity link between India and Bangladesh.
Bangladeshi young journos attend “New Generation” program in Russia
Four young journalists from Bangladesh, representing different media took part in the first joint press-tour arranged by Russia’s state nuclear corporation- Rosatom and Federal Agency under Russian Ministry of Foreign Affairs- Rossotrudnichestvo which took place from September 22-26, 2015. 30…
Russia’s foreign orders for nuke plants Grow to $300 Billion
Russia’s State Nuclear Corporation-ROSATOM presently has foreign orders worth $ 300 billion for construction of 30 nuclear power units in 12 countries and discussions on construction of 10 more units are underway. Sergey Kirienko, CEO of Rosatom apprised the Russian…