Its not any govt its indian installed Awami stooge govt. And there are ghoti indians people like you who are here to use deception to cover Awami regime real color and activities.
Awami govt set to destroy backbone of Bangladesh economy
- Thread starter idune
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Its not any govt its indian installed Awami stooge govt. And there are ghoti indians people like you who are here to use deception to cover Awami regime real color and activities.
TopCat
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If that makes you happy as a looser while trying to hide your disgrace then i cant help that.....
Ammyy
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So people who choose them also Not truly repents Bangladesh ??? Right
Decline in Export Earnings
According to periodic information from the Export Promotion Bureau (EPB), total exports from Bangladesh dropped by 6.20 percent during first half of the current fiscal year due to continuing effects of the global financial crisis.
During July-December, exports to US reached $ 1,719.56 million from $ 2,061.54 million last fiscal year, showing a 16.59 percent drop. United States is the countrys largest export destination and the loss of export earnings from US is thought to be the prime reason for the overall plunge. Subsequently industry experts believe that United States has been seriously affected by the worldwide financial crisis which in turn affected third world economies including Bangladesh.
Despite the drop in earnings, however, there is a rise in exports to the US in terms of volume during the period.
Unfortunately the sectors that are most affected are also the highest earners such as knitwear and woven garments, in addition earnings from other major export products, such as pharmaceuticals, home textiles, leather, frozen food and footwear, also declined during the period.
Conversely export earnings from jute goods, electronics, petroleum bi-products, raw jute and engineering products increased. Earnings from melamine tableware, cut flower/foliage, handicrafts, computer services and terry towel increased, but fell short of the targets set for the period.
Knitwear earnings dropped by 7.18 percent during July-December in fiscal 2009-10 compared to the same period a year earlier, while exports of woven items slipped 7.95 percent, according to Export Promotion Bureau (EPB) data.
Knit exports collected $3,007.95 million in the first six months of the financial year compared to $ 3,240.63 million in the same time the previous year. Woven garments earned $2,582.66 million, dropping from $ 2,805.75 million in the period a year ago.
Experts from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) think the country's export earnings declined at a time when neighboring India and China were enjoying export growth. Along with global crisis, they also blamed the erratic supply of power and gas for the decline in apparel exports.
EPB data shows export earnings of $ 1,172.89 in December, a 1.92 percent reduction in a single month. This is over 27 percent short of the strategic export target for the period.
Source: Source: The Daily Star
According to periodic information from the Export Promotion Bureau (EPB), total exports from Bangladesh dropped by 6.20 percent during first half of the current fiscal year due to continuing effects of the global financial crisis.
During July-December, exports to US reached $ 1,719.56 million from $ 2,061.54 million last fiscal year, showing a 16.59 percent drop. United States is the countrys largest export destination and the loss of export earnings from US is thought to be the prime reason for the overall plunge. Subsequently industry experts believe that United States has been seriously affected by the worldwide financial crisis which in turn affected third world economies including Bangladesh.
Despite the drop in earnings, however, there is a rise in exports to the US in terms of volume during the period.
Unfortunately the sectors that are most affected are also the highest earners such as knitwear and woven garments, in addition earnings from other major export products, such as pharmaceuticals, home textiles, leather, frozen food and footwear, also declined during the period.
Conversely export earnings from jute goods, electronics, petroleum bi-products, raw jute and engineering products increased. Earnings from melamine tableware, cut flower/foliage, handicrafts, computer services and terry towel increased, but fell short of the targets set for the period.
Knitwear earnings dropped by 7.18 percent during July-December in fiscal 2009-10 compared to the same period a year earlier, while exports of woven items slipped 7.95 percent, according to Export Promotion Bureau (EPB) data.
Knit exports collected $3,007.95 million in the first six months of the financial year compared to $ 3,240.63 million in the same time the previous year. Woven garments earned $2,582.66 million, dropping from $ 2,805.75 million in the period a year ago.
Experts from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) think the country's export earnings declined at a time when neighboring India and China were enjoying export growth. Along with global crisis, they also blamed the erratic supply of power and gas for the decline in apparel exports.
EPB data shows export earnings of $ 1,172.89 in December, a 1.92 percent reduction in a single month. This is over 27 percent short of the strategic export target for the period.
Source: Source: The Daily Star
Manpower export slide continues: Drastic fall in Saudi Arabia in 3 months
Staff Reporter
Country's manpower export is continuing to see declining trend despite most of the nations have already offset the effect of global economic recession.
During the first quarter of this calendar a total of 99,140 Bangladeshis could manage job abroad which is 27.9 per cent less than the corresponding period of previous year.
Only 1500 workers got job in Saudi Arabia during the period with average 500 each month. In 2009 the monthly average import of manpower from Bangladesh by the Muslim kingdom was 1,000.
Manpower export to some other Gulf countries also declined during the period. After the visit of Prime Minister Sheikh Hasina last February only 11 labourers found job in oil-rich Kuwait during the last three months. On the other hand gas-rich Qatar employed less than 1000 Bangladeshi workers.
Malaysia recruited only 44 workers during the period which is third biggest employer of Bangladeshi workers after Saudi Arabia and the United Arab Emirates (UAE).
Informed sources said Malaysia is now recruiting manpower from Nepal after slapping a ban on recruitment from Bangladesh following a diplomatic hitch last year. A recruiting agent said Malaysia has planned to recruit some 100,000 workers from Nepal.
During the period the seven Emirates hired more than 56,275 workers from Bangladesh.
Talking to The New Nation yesterday President of Bangladesh Association of International Recruiting Agencies (BAIRA) Ghulam Mustafa yesterday urged the government to expedite diplomatic efforts to cut the manpower export drought.
He said that manpower export is increasing gradually. "I am very much hopeful that the crisis will go shortly by opening new destinations."
Expressing resentment over statements by political leaders regarding stoppage of manpower recruitment by the Saudi Arabia if the trial of war crime takes place Mustafa said, "It is very much frustrating that some people are linking politics with business."
"We are thankful to Saudi Arabia that it has assured us of continuing recruitment of manpower from Bangladesh," he said.
The New Nation - Internet Edition
Staff Reporter
Country's manpower export is continuing to see declining trend despite most of the nations have already offset the effect of global economic recession.
During the first quarter of this calendar a total of 99,140 Bangladeshis could manage job abroad which is 27.9 per cent less than the corresponding period of previous year.
Only 1500 workers got job in Saudi Arabia during the period with average 500 each month. In 2009 the monthly average import of manpower from Bangladesh by the Muslim kingdom was 1,000.
Manpower export to some other Gulf countries also declined during the period. After the visit of Prime Minister Sheikh Hasina last February only 11 labourers found job in oil-rich Kuwait during the last three months. On the other hand gas-rich Qatar employed less than 1000 Bangladeshi workers.
Malaysia recruited only 44 workers during the period which is third biggest employer of Bangladeshi workers after Saudi Arabia and the United Arab Emirates (UAE).
Informed sources said Malaysia is now recruiting manpower from Nepal after slapping a ban on recruitment from Bangladesh following a diplomatic hitch last year. A recruiting agent said Malaysia has planned to recruit some 100,000 workers from Nepal.
During the period the seven Emirates hired more than 56,275 workers from Bangladesh.
Talking to The New Nation yesterday President of Bangladesh Association of International Recruiting Agencies (BAIRA) Ghulam Mustafa yesterday urged the government to expedite diplomatic efforts to cut the manpower export drought.
He said that manpower export is increasing gradually. "I am very much hopeful that the crisis will go shortly by opening new destinations."
Expressing resentment over statements by political leaders regarding stoppage of manpower recruitment by the Saudi Arabia if the trial of war crime takes place Mustafa said, "It is very much frustrating that some people are linking politics with business."
"We are thankful to Saudi Arabia that it has assured us of continuing recruitment of manpower from Bangladesh," he said.
The New Nation - Internet Edition
Economists blast govt for outsourcing Five-Year Plan
Staff Correspondent
The panel of economists on the sixth Five-Year Plan at a meeting on Thursday blasted the government for its decision on outsourcing the plan from a private organisation led by former World Bank and International Monetary Fund officials.
Sources attending the meeting said the panel decided that they would discontinue with their functions if they would find that the plan given by the private organisation, Policy Research Institute, was not consistent with the countrys interests.
The government early this year instituted the 11-memberpanel of economists for consultation on the Five-Year Plan. Most of the panel members attended the meeting and they included economist Wahiduddin Mahmud, Bangladesh Bank governor Atiur Rahman, Bangladesh Institute of Development Studies director general MK Mujeri, Bangladesh Economic Association president Abul Barakat and Chittagong University economics professor Muinul Islam attended the meeting.
The Policy Research Institute, formed in December 2008, is expected to submit its draft plan by July. Shamsul Alam, member of the General Economic Division under the planning ministry, also attended in it.
The meeting, presided over by Wahiduddin Mahmud, was told the Planning Commission had committed a mistake by appointing the PRI, led by three former World Bank and International Monetary Fund officials, to design the plan of such a magnitude.
The PRI chairman, Zaidi Sattar, told the news agency bdnews24.com that they were working on the Five-Year Plan without giving the scope of the work.
Zaidi had worked with the World Bank for 11 years between 1996 and 2007. The organisations executive director Ahsan H Mansur has had a long career with the IMF and worked in Middle Eastern, Asian, African and Central American countries. Its vice-chairman Sadiq Ahmed worked with the World Bank in several key positions, including country director of the Pakistan and Afghanistan programme, and chief economist for South Asia.
The meeting observed the three would provide a plan which would serve the interest of the World Bank and the International Monetary Fund. The policy will be nothing but a copy of the lender-driven poverty reduction plan, the economists said at the meeting.
The Awami League-led government has decided to discontinue with the lender-driven three-year poverty reduction plan introduced during the immediate-past BNP government. It also decided to replace the poverty reduction plan with the Five-Year Plan and implement it from the next year.
The finance minister, Abul Maal Abdul Muhith, on Thursday defended the government decision on outsourcing the outline of the five-year policy paper from a private organisation saying this was nothing new.
The government in the past outsourced policy documents from private organisations such as the BIDS and Bangladesh Unnayan Parishad, he said. Muhith ruled out the views of the economists saying their concerns were bogus. The three PRI officials are the best economists in the country, he said.
Muinul Islam told a discussion on Wednesday that the panel of economists had not been consulted before contracting out the job. Muinul, also a former president of the Bangladesh Economic Association, said he would tender his resignation in protest of the government decision.
The move means the Five-Year Plan would reflect the kind of policies and recommendations that the World Bank hands out, he told the discussion organised by Nagarik Shanghati, marking the closure of Adamjee Jute Mills eight years ago.
Front Page
Staff Correspondent
The panel of economists on the sixth Five-Year Plan at a meeting on Thursday blasted the government for its decision on outsourcing the plan from a private organisation led by former World Bank and International Monetary Fund officials.
Sources attending the meeting said the panel decided that they would discontinue with their functions if they would find that the plan given by the private organisation, Policy Research Institute, was not consistent with the countrys interests.
The government early this year instituted the 11-memberpanel of economists for consultation on the Five-Year Plan. Most of the panel members attended the meeting and they included economist Wahiduddin Mahmud, Bangladesh Bank governor Atiur Rahman, Bangladesh Institute of Development Studies director general MK Mujeri, Bangladesh Economic Association president Abul Barakat and Chittagong University economics professor Muinul Islam attended the meeting.
The Policy Research Institute, formed in December 2008, is expected to submit its draft plan by July. Shamsul Alam, member of the General Economic Division under the planning ministry, also attended in it.
The meeting, presided over by Wahiduddin Mahmud, was told the Planning Commission had committed a mistake by appointing the PRI, led by three former World Bank and International Monetary Fund officials, to design the plan of such a magnitude.
The PRI chairman, Zaidi Sattar, told the news agency bdnews24.com that they were working on the Five-Year Plan without giving the scope of the work.
Zaidi had worked with the World Bank for 11 years between 1996 and 2007. The organisations executive director Ahsan H Mansur has had a long career with the IMF and worked in Middle Eastern, Asian, African and Central American countries. Its vice-chairman Sadiq Ahmed worked with the World Bank in several key positions, including country director of the Pakistan and Afghanistan programme, and chief economist for South Asia.
The meeting observed the three would provide a plan which would serve the interest of the World Bank and the International Monetary Fund. The policy will be nothing but a copy of the lender-driven poverty reduction plan, the economists said at the meeting.
The Awami League-led government has decided to discontinue with the lender-driven three-year poverty reduction plan introduced during the immediate-past BNP government. It also decided to replace the poverty reduction plan with the Five-Year Plan and implement it from the next year.
The finance minister, Abul Maal Abdul Muhith, on Thursday defended the government decision on outsourcing the outline of the five-year policy paper from a private organisation saying this was nothing new.
The government in the past outsourced policy documents from private organisations such as the BIDS and Bangladesh Unnayan Parishad, he said. Muhith ruled out the views of the economists saying their concerns were bogus. The three PRI officials are the best economists in the country, he said.
Muinul Islam told a discussion on Wednesday that the panel of economists had not been consulted before contracting out the job. Muinul, also a former president of the Bangladesh Economic Association, said he would tender his resignation in protest of the government decision.
The move means the Five-Year Plan would reflect the kind of policies and recommendations that the World Bank hands out, he told the discussion organised by Nagarik Shanghati, marking the closure of Adamjee Jute Mills eight years ago.
Front Page
PDB is currently buying per unit power from IPP at the rate of 2.80 taka. Whereas Awami regime awarded six contract where per unit purchase price would be 13-14 taka. That is 3 to 4 time more than present rate and public and business will have pay 3000 cr taka to these 6 IPPs. These IPPs are tightly linked to Awami regime and its ministers. With this 3000 cr taka 500 MW power plant could easily be built. This huge plundering of of public money will make the power more expansive and will eat away Bangladesh export competitiveness.
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PDB will require Tk 50 billion subsidy
Holiday Desk
The country's power sector has been ailing for the past one year. The government will have to provide a subsidy of Tk 5,000 crore to the power sector in the coming fiscal for purchasing electricity from the costly rental power plants. Nevertheless the amount of subsidy would be less if the power tariff is increased, according to officials in the Power Ministry and other agencies in the power sector.
Last week the government approved proposals for setting up six more rental power plants (RPPs) with a total capacity of 567 megawatts as part of its efforts to improve the power situation. According to reports, of the amount, roughly Tk 3000 crore will be required for purchasing electricity only from the diesel-based rental power plants having total capacity of 450 MW with per unit production cost of Tk 13-14. The remaining amount will be required for the furnace oil-based plants. Under a government crash programme, so far agreements were signed for installing the rental power plants of 600 MW.
Of the under construction plants, two diesel-based rental plants of total 150 MW are supposed to start operation this month while three diesel-based unsolicited quick rental plants of 300 MW are scheduled to come into operation in September.
Another two plants having 150 MW are expected to be commissioned in December this year.
The plants, supposed to come into operation in next July, are 100 MW Bheramara plant and 50 MW Thakurgaon plant while the quick rental plants supposed to be installed are 100 MW Ghorasal, 100 MW Khulna and 100 MW Siddhirganj.
Other two plants, which are expected to be installed in December, are Noapara 100 MW and Barisal 50 MW, furnace oil based.
According to a report, the PDB had to incur a loss of Tk 900 crore in the current fiscal (2009-10) because of its sale of electricity at rates lower than the actual production cost. So far, PDB has received only Tk 594 crore in two phases as loan from the Finance Ministry to make up the loss.
The remaining Tk 300 crore for subsidy was managed from other heads.
The Finance Ministry provided the amount of the subsidy from a World Bank credit that the donor agency provided under an agreement beyond the budgetary allocation.
Finance Ministry officials, however, remained in the dark as to the amount of money that will be required by the Power Ministry in the coming fiscal that will start from July 2010.
According to a report, the Cabinet Purchase Committee, which approved the proposals for purchasing electricity from rental power plants, rejected an appeal of the Power Ministry for providing the required subsidy from the state-exchequer. Instead, the Cabinet body asked the Power Ministry to settle the subsidy issue through negotiation with the Finance Ministry.
The government already raised the allocation for power sector to about Tk 4975 crore from the last year's revised allocation of Tk 2600 crore.But the allocation was made mainly for implementation and maintenance of power plant projects in the public sector, not for purchasing electricity from the private sector.
With purchasing electricity from these power plants at excessively high rates, the average power production cost will go up to more than Tk 4 and subsidy of Tk 1.60 will be required for each unit of power to sell to the public.
At present, the average selling rate is Tk 2.45 per unit while the production cost is Tk 2.80 - the average subsidy being Tk 0.35 per unit.
"As a result, the PDB will have to incur a loss of up to Tk 5000 crore in its annual projected sale of 30,000 million units in the coming fiscal. This amount must come from the government exchequer to offset the loss. Otherwise, PDB cannot survive," said an official.
HOLIDAY > BUSINESS & FINANCE
-------------------------------------------------------
PDB will require Tk 50 billion subsidy
Holiday Desk
The country's power sector has been ailing for the past one year. The government will have to provide a subsidy of Tk 5,000 crore to the power sector in the coming fiscal for purchasing electricity from the costly rental power plants. Nevertheless the amount of subsidy would be less if the power tariff is increased, according to officials in the Power Ministry and other agencies in the power sector.
Last week the government approved proposals for setting up six more rental power plants (RPPs) with a total capacity of 567 megawatts as part of its efforts to improve the power situation. According to reports, of the amount, roughly Tk 3000 crore will be required for purchasing electricity only from the diesel-based rental power plants having total capacity of 450 MW with per unit production cost of Tk 13-14. The remaining amount will be required for the furnace oil-based plants. Under a government crash programme, so far agreements were signed for installing the rental power plants of 600 MW.
Of the under construction plants, two diesel-based rental plants of total 150 MW are supposed to start operation this month while three diesel-based unsolicited quick rental plants of 300 MW are scheduled to come into operation in September.
Another two plants having 150 MW are expected to be commissioned in December this year.
The plants, supposed to come into operation in next July, are 100 MW Bheramara plant and 50 MW Thakurgaon plant while the quick rental plants supposed to be installed are 100 MW Ghorasal, 100 MW Khulna and 100 MW Siddhirganj.
Other two plants, which are expected to be installed in December, are Noapara 100 MW and Barisal 50 MW, furnace oil based.
According to a report, the PDB had to incur a loss of Tk 900 crore in the current fiscal (2009-10) because of its sale of electricity at rates lower than the actual production cost. So far, PDB has received only Tk 594 crore in two phases as loan from the Finance Ministry to make up the loss.
The remaining Tk 300 crore for subsidy was managed from other heads.
The Finance Ministry provided the amount of the subsidy from a World Bank credit that the donor agency provided under an agreement beyond the budgetary allocation.
Finance Ministry officials, however, remained in the dark as to the amount of money that will be required by the Power Ministry in the coming fiscal that will start from July 2010.
According to a report, the Cabinet Purchase Committee, which approved the proposals for purchasing electricity from rental power plants, rejected an appeal of the Power Ministry for providing the required subsidy from the state-exchequer. Instead, the Cabinet body asked the Power Ministry to settle the subsidy issue through negotiation with the Finance Ministry.
The government already raised the allocation for power sector to about Tk 4975 crore from the last year's revised allocation of Tk 2600 crore.But the allocation was made mainly for implementation and maintenance of power plant projects in the public sector, not for purchasing electricity from the private sector.
With purchasing electricity from these power plants at excessively high rates, the average power production cost will go up to more than Tk 4 and subsidy of Tk 1.60 will be required for each unit of power to sell to the public.
At present, the average selling rate is Tk 2.45 per unit while the production cost is Tk 2.80 - the average subsidy being Tk 0.35 per unit.
"As a result, the PDB will have to incur a loss of up to Tk 5000 crore in its annual projected sale of 30,000 million units in the coming fiscal. This amount must come from the government exchequer to offset the loss. Otherwise, PDB cannot survive," said an official.
HOLIDAY > BUSINESS & FINANCE
Would the genius here mind clarifying to us how AL govt will destroy the backbone of BD econmy by trying to build so many power plants?
Govt to set up 1350mw mega coal-fired power plant in Ctg
Govt to set up 1350mw mega coal-fired power plant in Ctg.
M Azizur Rahman
The government has decided to set up a mega coal-fired power plant worth over US$1.0 billion by independent power producer (IPP) to generate 1,350 megawatt (mw) of electricity in port city Chittagong, officials said Friday.
"We will build the coal-fired power plant under an IPP project to initiate electricity generation from the plant as soon as possible," Prime Minister's Adviser on energy issues Tawfiq-w-Elahi Chowdhury told the FE.
He said the coal-fired IPP project, which would be the first of its kind in the country, would be put on offer before the private sector.
Officials said the coal-fired power plant might initially be run by imported coal but later it would use local coal when coal extraction in local mines would begin.
The power ministry has moved for the mega power plant following repeated demands from the businessmen of the energy-starved port city.
Scores of industries in Chittagong could not be run after investment of billions only due to acute energy crisis.
The new plant would also help reduce the countrywide electricity crisis as overall electricity generation was now hovering around 4,000 mw against the demand for over 6,000 mw.
The planned coal-fired IPP power plant might be deliberated on during the day-long conference on power sector scheduled for today (Saturday) along with several new projects including those of Power Grid Company of Bangladesh (PGCB) and Eastern Refinery Ltd (ERL) for wooing investors.
The power ministry has organised the day-long conference styled, 'Investment in Power Sector of Bangladesh: Opportunities and Challenges' in a city hotel to entice investment in power sector.
Apart from the coal fired IPP power plant in Chittagong, the government is now working to build another 1,350 mw power plant in Khulna near the Mongla seaport under a joint venture between Power Development Board (PDB) and Indian state-owned National Thermal Power Corporation (NTPC).
The PDB and the NTPC have already signed a memorandum of understanding (MoU) for setting up the power plant.
Under the initial understanding Bangladesh and India would together invest 25 per cent of the total costs while the remaining 75 per cent would be met by loans from external sources.
At present the country has only one 250 mw capacity coal-fired power plant at Barapukuria, which is mostly run at half of its capacity due to technical glitches.
Currently over 87 per cent of the country's power plants are being operated using natural, gas, five per cent using coal, four per cent using furnace oil, three per cent using hydropower and one per cent using diesel.
But the country is diversifying its fuel sources 'consciously' to ensure the country's future energy security as gas reserve is depleting fast, said a senior official of the energy ministry.
The country is producing less gas than it needs and unless new gas fields are discovered, supplies are expected to start diminishing from 2011, said Petrobangla officials.
It forecasts that the country's gas reserves will run out by 2014-2015 at current consumption rates of 1980 million cubic feet per day (mmcfd).
Bangladesh has long been experiencing severe power outages resulting from years of under-investments, inadequate support from donor agencies and bureaucratic quagmire.
Frequent power outages along with low voltage are affecting industrial output, hampering day to day businesses and every day lives.
Govt to set up 1350mw mega coal-fired power plant in Ctg
Govt to set up 1350mw mega coal-fired power plant in Ctg.
M Azizur Rahman
The government has decided to set up a mega coal-fired power plant worth over US$1.0 billion by independent power producer (IPP) to generate 1,350 megawatt (mw) of electricity in port city Chittagong, officials said Friday.
"We will build the coal-fired power plant under an IPP project to initiate electricity generation from the plant as soon as possible," Prime Minister's Adviser on energy issues Tawfiq-w-Elahi Chowdhury told the FE.
He said the coal-fired IPP project, which would be the first of its kind in the country, would be put on offer before the private sector.
Officials said the coal-fired power plant might initially be run by imported coal but later it would use local coal when coal extraction in local mines would begin.
The power ministry has moved for the mega power plant following repeated demands from the businessmen of the energy-starved port city.
Scores of industries in Chittagong could not be run after investment of billions only due to acute energy crisis.
The new plant would also help reduce the countrywide electricity crisis as overall electricity generation was now hovering around 4,000 mw against the demand for over 6,000 mw.
The planned coal-fired IPP power plant might be deliberated on during the day-long conference on power sector scheduled for today (Saturday) along with several new projects including those of Power Grid Company of Bangladesh (PGCB) and Eastern Refinery Ltd (ERL) for wooing investors.
The power ministry has organised the day-long conference styled, 'Investment in Power Sector of Bangladesh: Opportunities and Challenges' in a city hotel to entice investment in power sector.
Apart from the coal fired IPP power plant in Chittagong, the government is now working to build another 1,350 mw power plant in Khulna near the Mongla seaport under a joint venture between Power Development Board (PDB) and Indian state-owned National Thermal Power Corporation (NTPC).
The PDB and the NTPC have already signed a memorandum of understanding (MoU) for setting up the power plant.
Under the initial understanding Bangladesh and India would together invest 25 per cent of the total costs while the remaining 75 per cent would be met by loans from external sources.
At present the country has only one 250 mw capacity coal-fired power plant at Barapukuria, which is mostly run at half of its capacity due to technical glitches.
Currently over 87 per cent of the country's power plants are being operated using natural, gas, five per cent using coal, four per cent using furnace oil, three per cent using hydropower and one per cent using diesel.
But the country is diversifying its fuel sources 'consciously' to ensure the country's future energy security as gas reserve is depleting fast, said a senior official of the energy ministry.
The country is producing less gas than it needs and unless new gas fields are discovered, supplies are expected to start diminishing from 2011, said Petrobangla officials.
It forecasts that the country's gas reserves will run out by 2014-2015 at current consumption rates of 1980 million cubic feet per day (mmcfd).
Bangladesh has long been experiencing severe power outages resulting from years of under-investments, inadequate support from donor agencies and bureaucratic quagmire.
Frequent power outages along with low voltage are affecting industrial output, hampering day to day businesses and every day lives.
Ships' stay time at Ctg port sharply increases
Jasim Uddin Haroon
Stay time of ships at the country's premier Chittagong port increased sharply to 4.5 days in June, the highest in the past 38 months, officials said.
The ships' stay time in May 2010 was 3.37 days.
The turnaround or stay time of ships, which take for loading and unloading of cargoes, averaged 4.84 days in April in 2007.
The Chittagong Port Authority (CPA) took the port operation in May 12 following feuds among the berth operators.
Feeder vessels operators blamed the CPA for deteriorating port performances.
Port officials, however, said work abstention by port workers, dawn-to-dusk strike enforced by the main opposition, BNP, mayoral election and excessive rainfall in June forced the port to suspended operations many times during the period.
Moshior Rahman, terminal manager of Chittagong Port Authority (CPA), told the FE: "We really had very unfavourable days in June. Operations of the port were suspended for 20 hours due to work abstention alone in June."
A total of 63 vessels called at the port in June against 68 in May in 2010.
The cargo handling has also reduced in June to 101,000 TEUs (twenty-foot equivalent unit) against 106,000 in May as a result of high ships stay time.
The port's performances worsened in December 2006 and January 2007 when political chaos gripped the country.
The port's performances, however, started improving after 11 January 2007, when the immediate past caretaker government implemented a number of reforms in the port, including scraping the dock management board.
The caretaker government also privatised all port services.
Statistics show that the ships dwelt time during 30 months from July 2007 to December 2009 was two and a half days on an average.
Owners of feeder vessels have imposed surcharges on the Chittagong bound vessels from June this year due to the deterioration of port's performances.
The freight charges between Singapore and Chittagong route has increased on an average US$ 100 for each container from June 2010.
Ships' stay time at Ctg port sharply increases
Jasim Uddin Haroon
Stay time of ships at the country's premier Chittagong port increased sharply to 4.5 days in June, the highest in the past 38 months, officials said.
The ships' stay time in May 2010 was 3.37 days.
The turnaround or stay time of ships, which take for loading and unloading of cargoes, averaged 4.84 days in April in 2007.
The Chittagong Port Authority (CPA) took the port operation in May 12 following feuds among the berth operators.
Feeder vessels operators blamed the CPA for deteriorating port performances.
Port officials, however, said work abstention by port workers, dawn-to-dusk strike enforced by the main opposition, BNP, mayoral election and excessive rainfall in June forced the port to suspended operations many times during the period.
Moshior Rahman, terminal manager of Chittagong Port Authority (CPA), told the FE: "We really had very unfavourable days in June. Operations of the port were suspended for 20 hours due to work abstention alone in June."
A total of 63 vessels called at the port in June against 68 in May in 2010.
The cargo handling has also reduced in June to 101,000 TEUs (twenty-foot equivalent unit) against 106,000 in May as a result of high ships stay time.
The port's performances worsened in December 2006 and January 2007 when political chaos gripped the country.
The port's performances, however, started improving after 11 January 2007, when the immediate past caretaker government implemented a number of reforms in the port, including scraping the dock management board.
The caretaker government also privatised all port services.
Statistics show that the ships dwelt time during 30 months from July 2007 to December 2009 was two and a half days on an average.
Owners of feeder vessels have imposed surcharges on the Chittagong bound vessels from June this year due to the deterioration of port's performances.
The freight charges between Singapore and Chittagong route has increased on an average US$ 100 for each container from June 2010.
Ships' stay time at Ctg port sharply increases
TopCat
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Ask your party not to call any more hartal so that port operation could get back to its best performance. By the way what was the waiting time during your party's tenure? Just to refresh my memory.
Ask your party not to call any more hartal so that port operation could get back to its best performance. By the way what was the waiting time during your party's tenure? Just to refresh my memory.
maybe Bangladesh should now join India and enjoy the bigger economy.
TopCat
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javaman
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Sure why not.. just open your market for us.. that should do..
give and take,let's have a race
TopCat
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