BAFL 38.45 Decreased By ▼ -0.16 (-0.41%)
BIPL 17.25 Increased By ▲ 0.46 (2.74%)
BOP 4.07 Increased By ▲ 0.12 (3.04%)
CNERGY 3.08 Decreased By ▼ -0.03 (-0.96%)
DFML 16.55 Increased By ▲ 0.30 (1.85%)
DGKC 43.80 Increased By ▲ 0.05 (0.11%)
FABL 22.30 Increased By ▲ 0.15 (0.68%)
FCCL 11.31 Increased By ▲ 0.36 (3.29%)
FFL 6.37 Increased By ▲ 0.07 (1.11%)
GGL 9.49 Decreased By ▼ -0.09 (-0.94%)
HBL 90.50 Decreased By ▼ -2.00 (-2.16%)
HUBC 87.70 No Change ▼ 0.00 (0%)
HUMNL 5.49 Decreased By ▼ -0.01 (-0.18%)
KEL 2.01 Increased By ▲ 0.06 (3.08%)
LOTCHEM 28.50 Increased By ▲ 0.24 (0.85%)
MLCF 30.20 Increased By ▲ 0.74 (2.51%)
OGDC 98.20 Increased By ▲ 2.13 (2.22%)
PAEL 9.99 Decreased By ▼ -0.06 (-0.6%)
PIBTL 3.89 Decreased By ▼ -0.01 (-0.26%)
PIOC 85.25 Increased By ▲ 0.50 (0.59%)
PPL 74.60 Increased By ▲ 1.70 (2.33%)
PRL 15.32 Decreased By ▼ -0.08 (-0.52%)
SILK 0.97 Increased By ▲ 0.03 (3.19%)
SNGP 46.80 Increased By ▲ 0.37 (0.8%)
SSGC 9.36 Increased By ▲ 0.23 (2.52%)
TELE 6.96 Increased By ▲ 0.04 (0.58%)
TPLP 12.33 Increased By ▲ 0.01 (0.08%)
TRG 90.15 Increased By ▲ 1.11 (1.25%)
UNITY 25.39 Decreased By ▼ -0.10 (-0.39%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,656 Increased By 12.1 (0.26%)
BR30 16,663 Increased By 117.9 (0.71%)
KSE100 46,365 Increased By 87.4 (0.19%)
KSE30 16,172 Increased By 20.7 (0.13%)

DHAKA: Bangladesh could face power cuts for two more weeks, its power minister said late on Sunday, as higher electricity consumption because of rising temperatures has caused a fuel shortfall for generation plants.

Bangladesh has suffered under severe power shortages since April as a searing heatwave spiked demand for electricity and then a deadly cyclone cut off supplies of natural gas to fuel plants.

The country has also curtailed imports of liquefied natural gas (LNG), its main power generation fuel, after record high prices in the second half of 2022 made the fuel too expensive.

“This condition may remain for another two weeks,” Nasrul Hamid, minister of state for power, energy and mineral resources told reporters.

“This problem is happening because we are not able to ensure an adequate supply of coal and gas,” Hamid said. The power losses threaten Bangladesh’s crucial apparel sector that accounts for more than 80% of its exports and supplies retailers such as Walmart, Gap Inc, H&M , VF Corp, Zara and American Eagle Outfitters.

The loss of those exports will exacerbate issues around its dollar reserves, which have plunged by nearly a third in the 12 months to end of April to a seven-year low, and limited its ability to pay for fuel imports.

Hamid said the country’s power sector officials had been working to avert fuel shortfalls over the last two months, but higher consumption was making the task harder.

An impending shutdown of a key coal-fired power unit from Tuesday because of a fuel shortage over the next few days could further worsen the situation, a senior official from the power ministry said.

QatarEnergy to sign LNG deal with Bangladesh

“Only rain can give us some relief as power demand decreases when it rains,” said the official, who declined to be identified as he is not authorized to speak to the media.

The frequent power cuts have also drawn criticism from opposition parties. “The entire country is almost without electricity. People are getting sick in extreme heat,” said Ruhul Kabir Rizvi, a senior leader of the main opposition Bangladesh Nationalist Party.

Comments

1000 characters
Abdullah Jun 05, 2023 12:53pm
They dont have imran khan and ishaq dar.still they have issues. There reserves were way more than paksitan.seems the bangaldeshi govt is taking action at the right time.we pakistanis need to learn from them and close malls and shops at 8
thumb_up Recommended (0) reply Reply
Rizwan Jun 05, 2023 05:11pm
That's bad. I really do hope that Bangladeshis get their electricity back as soon as possible. We are having the worst summers in South Asia lately.
thumb_up Recommended (0) reply Reply

Bangladesh power cuts may last two more weeks on fuel shortages

Rupee sees 16th consecutive session of gain, settles at 288.75 against US dollar

Open-market: rupee appreciates further against US dollar

Pakistan seeks Chinese assistance in EV technology

Pakistan seeks two LNG cargoes for winter

At least 8 dead, 5 injured in rocket launcher shell explosion in Sindh’s Kandhkot

Indus Motor Company announces another plant shutdown

Oil prices climb as markets focus on supply tightness

EPCL extends gas supply deal with SSGC till October 15

After IB, Pemra also withdraws review petition against Faizabad sit-in case verdict

India would look into any ‘specific’ info on Sikh separatist killing in Canada