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Bangladesh will decide on seeking Hasina’s extradition, adviser says

Dhaka — With accusations, including murder, mounting against Sheikh Hasina, Bangladesh will decide whether to ask India to extradite the former Prime Minister who resigned and fled to New Delhi last week, de facto foreign minister Mohammad Touhid Hossain said on Thursday.

Hossain said he did not want to speculate, but noted that Hasina was facing “so many cases”. If the country's home and law ministries decided, “we have to ask for her ... return to Bangladesh”, he said.

https://www.businesslive.co.za/bd/world/asia/2024-08-15-bangladesh-will-decide-on-seeking-hasinas-extradition-adviser-says/

Union Government amends electricity export guidelines, allows power to be rerouted to domestic grid in case of non-payment by foreign customer

Pressure on Bangladesh

The amended guidelines have the potential to put pressure on Bangladesh as it allows Indian power companies to reroute electricity back to the Indian grid in case Bangladesh fails to meet its obligations under PPA. It ensures that Bangladesh remains compliant with the decided terms and conditions of the agreement. It also adds a layer of accountability on the buyers’ side.

The amendments send a clear signal to Bangladesh that India is prepared to prioritise its energy security and financial interests over bilateral arrangements if any are in place. It puts the neighbouring country in a position where it has to fulfil the commitments or risk losing access to electricity that it imports from India. Any such event may lead to significant implications on the economic stability and political landscape of Bangladesh, especially in current times.

https://www.opindia.com/2024/08/ministry-of-power-amends-cross-border-electricity-guidelines/

Adani now allowed to sell Bangladesh-bound power in India

https://www.xm.com/research/markets/allNews/reuters/adani-now-allowed-to-sell-bangladeshbound-power-in-india-53904796

BDT 350 billion could have been saved in large coal-fired power plants construction

https://bonikbarta.net/home/news_description/394905/BDT-350-billion-could-have-been-saved-in-large-coal-fired-power-plants-construction

I wonder what else is going to come out of the woodwork??

Chinese Ambassador to Bangladesh Yao Wen termed the present condition of Bangladesh as its internal affair and added that China welcomes the formation of the interim government.

“China will continue to work with Bangladesh," the ambassador told reporters after the meeting.

https://businesspostbd.com/diplomacy/global-support-sought-for-bangladeshs-new-future

“Those who want to rehabilitate the autocrat Hasina, the ‘murderer’, we will not hesitate to remove them from their positions just as we have made them advisors,” he added.

https://thefinancialexpress.com.bd/national/student-leaders-warn-govt-advisors-against-rehabilitation-of-hasina

Student movement leaders warn govt advisors against rehabilitation of Hasina

https://bdnews24.com/politics/a0362dd4d4d6

PGBL wasted Tk10,000cr in 15yrs: Ex-GM

(Tk 10,000 crore is approximately £730 million.)

https://businesspostbd.com/power-energy/pgbl-wasted-tk10000cr-in-15yrs-ex-gm

Freeze accounts of former land minister, his wife: BFIU to banks

https://www.thedailystar.net/business/news/freeze-accounts-former-land-minister-his-wife-bfiu-banks-3675451?amp

Four top BB officials resign after allegation of providing $30m on Aug 4 to Salman

https://thefinancialexpress.com.bd/national/four-top-bb-officials-resign-after-allegation-of-providing-30m-on-aug-4-to-salman

Bangladesh power use grows as searing heat eclipses economic disruption

"Power demand in Bangladesh will continue to increase despite political volatility as it is primarily driven by households," said Shafiqul Alam, lead energy analyst in Bangladesh at the Institute for Energy Economics and Financial Analysis.

Analysts and industry experts say the nature of power consumption will ensure sustained demand for fossil fuel imports, as local production is insufficient and due to the country's renewable energy output being among the lowest in the world.

"Utilisation of coal-fired plants will likely increase due to a fall in global prices of coal, and contribution of gas in power generation will trend slightly lower because of coal prices remaining competitive," Alam said.

Higher residential power use has pushed Bangladesh to boost imports of thermal coal, which rose 26.6% to 6.22 million metric tons during the first seven months, data from analytics firm Kpler showed, as coal-fired power generation nearly tripled in the same period.

https://www.reuters.com/world/asia-pacific/bangladesh-power-use-grows-searing-heat-eclipses-economic-disruption-2024-08-12/

Looks like they are going to have a gas problem for some time to come ….

The interim government took over in a critical situation amidst the worst economic crisis in decades sweeping over the country for about two years.

Energy experts blamed draining of the dollar reserve by means of import, especially as energy import, for one of the main reasons for creating the crisis.

https://www.newagebd.net/post/country/242335/fsru-repair-delay-prolongs-acute-gas-crisis

Furthermore, high expectations of consumers about infrastructure development are important for economic development and better quality of life. This covers improved water supply systems, dependable electricity, and better roads. Infrastructure projects directly affecting daily life and economic activity are expected to be given top priority by the interim government.

What do our consumers expect from interim government?

“The interim government is supposed to act to advance sustainable development and safeguard the surroundings. This includes addressing pollution, wise use of natural resources, and support of alternative energy sources.”

https://www.observerbd.com/news.php?id=484596

These really are big numbers that they are now starting to see, and they are not going to be able to sit on their hands for long before they have to start making some decisions!!

https://www.observerbd.com/news.php?id=484547

BUT, as the interim government start to find out what position the countries finances are actually in, and starts to uncover some of the deals the previous government made, you never know they may have no choice. They might just have to start making some decisions sooner rather than later…

Let’s see what more they uncover in the coming days …

No need to shout recalibrate88,

I don’t think anyone was under any illusions that any major decisions would be made while the interim government are in place!

Looks like questions are starting to be asked about the cost of energy….

Did not take them long… let’s hope that they are as quick at trying to resolve the issues

https://bangladeshpost.net/posts/bpdb-s-outstanding-bills-surge-to-tk-45-000-cr-143107

It’s good to see that even with the interim government, energy is already starting to be highlighted as a top priority to get sorted!!!

Experts voice concerns over power sector, call for urgent reforms

Energy experts are raising alarms over critical issues in Bangladesh's power and energy sectors, which they link to the authoritarian rule of the fallen Awami League (AL) government.

https://businesspostbd.com/power-energy/experts-voice-concerns-over-power-sector-call-for-urgent-reforms

Another great article on energy written by mansur from the Financial Express…. I am sure there will be many more over the coming weeks from others as well, which will start to provoke many other questions ..

It’s no wonder reading many press articles this week why India are so concerned about what’s going to happen now in Bangladesh especially with some of the deals that were made between them both concerning energy …