The government yesterday decided to renew contracts of four expensive furnace oil-fired private power plants for two years with the condition that they would not get capacity charges.
As furnace oil stock runs low, outages set to worsen tbsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tbsnews.net Daily Mail and Mail on Sunday newspapers.
Bangladesh is likely to reduce its HSFO imports in May by around 11.1% from April on the back of lower consumption during Eid-ul-Fitr holidays and resumption of natural gas production from the country’s largest gas field Bibiyana, market sources said. Bangladesh is likely to import around 400,000 mt of high sulfur fuel oil in May .