UK ‘s largest generator of electricity is British Energy, that produce around one fifth of the electricity that UK requires. British Energy is besides one of the largest providers of electricity to the UK ‘s industrial and commercial sector. The British Energy was established in 1995. The older coevals of atomic Stationss remain in the populace sector. British Energy is the keeping company of British Energy Generation Ltd and British Energy Generation ( UK ) Ltd which together ain and operate seven AGR Stationss and one PWR station. In 1996 the company was sold. During June,1999, British Energy bought the retail electricity and gas provider SWALEC based in Wales in an attempt to go an incorporate generating and retail company that provided 6 % of the England and Wales electricity supply market. British Energy bought the 2,000 MWe EggboroughHYPERLINK “ hypertext transfer protocol: //en.wikipedia.org/wiki/Eggborough_Power_Station ” coal fired station from National Power in 2000 to supply a more flexible power production installation to cut down punishment charge hazards from the New Electricity Trading Agreements introduced in March 2001. The purchase of Egg borough occurred at the extremum of the market for power Stationss, and in 2002 the value of the station was written down by half. In 2001, the company in Ontario, Canada was the major spouse to go the accredited operator of the Bruce Nuclear Generating Station, in taking on the operating rental.
Beginnings: www.british-energy.com [ Accessed on 17/05/2010 ]
British Energy intends to develop a place at the bosom of the state ‘s new atomic coevals. They remain focussed on bettering the long-run dependability of its power Stationss:
Achieve universe category operational safety and excellence
Better our fiscal stableness
Pursue life extensions for our Stationss
Position for new atomic physique
British energy corporate schemes:
Maintain strong balance sheet
Have variable dividend policy
Choose long term debt to avoid liquidness crunches
BUSINESS MANAGEMENT STRATEGIES:
On 15 July 1996 the company was privatised by floatation. Therefore, with the exclusion of three particular portions and residuary shareholdings held by the United Kingdom Government, British Energy was owned by private sector investors after denationalization. It was reclassified in the National Accounts as a private non-financial corporation at this point. At the clip of denationalization British Energy owned and operated six atomic power Stationss in England and two in Scotland. All of these power Stationss have continued to be owned and run by British Energy. Following denationalization, British Energy acquired assets in the USA and Canada, all of which have later been disposed of. In the United Kingdom, British Energy acquired, in 1999, the retail supply concern of South Wales Electricity ( later sold in 2000 ) and, in 2000, the Egg borough coal-burning power station. British Energy Generation ( UK ) Ltd owns and operates the two atomic power Stationss in Scotland: Hunterston B and Torness. Other subordinates include Eggborough Power Ltd, which owns and operates the coal-burning power station, and British Energy Power and Energy Trading Ltd.
Beginnings: www.statistics.gov.uk/britishenergy. [ Accessed on 23/05/2010 ]
Re-structuring: As portion of the fiscal re-structuring, the sale to a pool
Of Canadian investors was announced in December 2002 with the sale being completed in February 2003.The Company announced its revised mark atomic end product for 2004/2005 in its statement dated 30 July 2004 to around 61.5 TWh. Following consideration of the programme of plants at Hartlepool and Heysham 1 and the outlook that those Stationss would non return to serve until late in the calendar twelvemonth 2004, the Company announced on 18 November 2004 that it expected atomic end product of 59.5 TWh in the fiscal twelvemonth stoping 31 March 2005. In 2007, a 7-year partnership understanding with DoosanHYPERLINK “ hypertext transfer protocol: //en.wikipedia.org/wiki/Doosan_Babcock_Energy ” Babcock Energy was entered by the British Energy to supply proficient, technology and operational support across all British Energy sites. The understanding is deserving around ?550 million and secures up to 800 occupations in Scotland and the remainder of the UK.
Beginnings: hypertext transfer protocol: //www.british-energy.com/documents/q3_05.pdf [ Accessed on:21/05/2010 ]
RISKS AND RETURNS:
The company at first approached the British authorities for fiscal assistance when it has been in fiscal problem since 2002. Sweeping energy monetary values declined at that clip, as a consequence, relaxations on the Climate Change Levy has been failed to obtain. , and renegotiations of its back-end fuel costs with BNFL, every bit good as issues with a figure of its reactors ( ensuing in much capacity being offline during critical periods of the company fiscal crisis ) and a failure to finish a timely sale of its joint-venture portion in Amergen. Parties to the ensuing negotiations included bondholders, important but unbarred creditors, power purchase understanding counterparties, and a group of secured creditors known as the Eggborough Bankss, because they provided funding for the purchase of the Eggborough coal-burning power works in 2000. The program that resulted from these negotiations would about extinguish any equity involvement by bing shareholders, as the house ‘s creditors waived over ?1bn of debts in return for control of the company. Stockholders would have merely 2.5 % of the portions of the new company. However, a hedge fund, Polygon Investment Partners LLP announced in July 2004 that it has an alternate program, and it has since sought to barricade the authorities ‘s dialogues. The European Commission approved the UK authorities ‘s investing on 22 September 2004, of over ?3 billion in the restructured house.
Beginnings: hypertext transfer protocol: //news.bbc.co.uk/1/hi/business/7632853.stm. [ accessed on 21/05/ 10 ] .
Beginnings OF Finance:
Internal Beginnings: Traditionally, the major beginnings of finance for a limited company were internal beginnings:
Personal nest eggs
Retained net income
Sale of assets
Lines of recognition from creditors
Fiscal constructions of four good known British companies
Factoring and invoice discounting:
Invoice discounting ( Jones, M. 2006 )
Fiscal public presentation of British Energy:
A sum-up of the fiscal public presentation of the British Energy group for the five old ages ended 31 March 2008 is shown in Table-1.
Fiscal public presentation of British Energy, 2005 to 2008
FINANCIAL PERFORMANCE SUMMERY ( TABLE-1 )
Operating net income
Net income before revenue enhancement
Net net income
Dividends on ordinary portions
Net current assets
Nuclear liabilities ( discounted )
Net funds/ ( debt ) )
( 220 )
Dividends per ordinary portion ( p/share )
Basic net incomes per portion ( p/share )
Adjusted net incomes per portion ( p/share )
Beginnings: hypertext transfer protocol: //report08.british-energy.com/financial % 20summary.aspx. [ accessed on 25/05/ 10 ] .
Major CORPORATE FINANCIAL DEVELOPMENTS OF BRITISH ENERGY:
Under the British Government ‘s restructuring programme the Nuclear Liabilities Fund ( NLF ) acts as a creditor and liability receiving system for British Energy Group. In return, a mechanism was put in topographic point whereby NLF can transport out a hard currency expanse of the administration whereby it claims 65 % of British Energy ‘s available hard currency flow each twelvemonth ; on top of a fixed one-year part. British Energy is allowed to borrow up to ?700m under the agreements, with the NLF supplying ?275m. The British Government is besides presuming liabilities worth between ?150m and ?200m p.a. over the following 10 old ages, which will assist cut down British Energy ‘s atomic fuel liabilities. The present fuel liabilities run until 2086. Despite its fiscal jobs and authorities aid with its fuel liabilities, British Energy ‘s Chief Executive claimed, on 20 June 2006, that atomic power Stationss would be economically feasible without authorities warrant or subsidy if the operation of the energy market was changed. The British Government ‘s involvement in British Energy is managed by the Department for Energy and Climate Change Department of Energy and Climate Change ( DECC ) . The restructuring of British Energy has been capable to three National Audit Office studies ; in May 1998, February 2004 and March 2006. In 2007 the House of Commons Public Accounts Committee reported on the restructuring. They noted that the taxpayer has been left to subvention big liabilities, revalue at ?5.3 billion, while creditors who would hold received small on settlement received bonds and portions deserving ?3.9 billion in 2006. They besides noted that British Energy may now miss an inducement to cut down the eventual liabilities falling to the Nuclear Liabilities Fund. British Energy ‘s vision statement is “ to be the universe ‘s prima atomic energy company. ”
Beginning: hypertext transfer protocol: //www.worldlingo.com/ma /en/British Energy/1. [ accessed on 24/05/ 10 ] .
Key Dates of British Energy:
1996: British Energy, listed on the London and New York stock exchanges, is privatized.
1997: British Energy signifiers AmerGen 50-50 joint venture with PECO ( subsequently Exelon ) in order to get atomic power workss in the United States.
1998: Nuclear Electric and Scots Nuclear are combined to organize British Energy Generation.
1999: AmerGen acquires Three Mile Island, Clinton, and Oyster Beach atomic power workss in the United States ; the company begins a variegation thrust into non-nuclear-based power beginnings.
2000: The Company buys a coal-burning power works in Yorkshire for ?340 million.
2001: The Company acquires a 17-year rental for eight atomic power workss at Bruce Power installations in Lake Huron, Ontario ; the company announces plans to construct a 600 megawatt air current farm in a joint venture with Amec in the Hebrides Islands, away of Scotland.
2002: A slack in sweeping energy monetary values leads British Energy into fiscal problem ; the company approaches the Government for aid.
2004: British Energy restructured with UK authorities investing of ?3 billion.
April 2005: Nuclear Decommissioning Authority formed to clean-up Britain ‘s ageing power workss.
January 2006: The British authorities launches its Energy White Paper which states that the building of new atomic power Stationss will be the best manner to cut down C emanations.
July 2006: The authorities announces it is selling portion of its involvement in British Energy.
July 2006: Gallic company EDF and Germany ‘s Eon announce they are sing teaming up with British Energy for a multi-billion lb contract to construct the following coevals of atomic power Stationss in the UK.
May 2007: Secretary of State for Trade and Industry Alastair Dowling announces sell off of up to 450 million portions in British Energy.
May 15, 2008: British Energy meets to see coup d’etat attack from EDF, which involves Centrica, the proprietor of British Gas.
July 2008: Government gives green light for eight new atomic power Stationss in the following two old ages
July 24, 2008: EDF “ inching nearer ” to clinching the ?11 billion coup d’etat as Centrica resumes negotiations to purchase a interest of 25 per cent if the trade returns.
August 1: 2008: EDF backs out, doing pandemonium for British energy programs
Beginnings: hypertext transfer protocol: //business.timesonline.co.uk/tol/business/industry_sectors/utilities/article4440432.ece. [ accessed on 22/05/ 10 ] .
British Energy is the portion of EDF Energy:
British Energy delisted from the London Stock Exchange on 3 February 2009 and was the portion of EDF Energy. The combination of EDF Energy and British Energy forms one of the UK ‘s largest energy companies. Britain ‘s programs for a new coevals of atomic power Stationss received a major encouragement when French energy giant EDF eventually agreed to purchase British Energy in a ?12.4bn trade. The combined concern is the UK ‘s biggest manufacturer of electricity and together provides power to a one-fourth of the state ‘s population. With a current installed capacity of around 16.5GW, it supplies gas and electricity to over 5.5 million concern and residential clients from their atomic, coal and gas power Stationss, every bit good as combined heat and power workss and air current farms. EDF Energy and British Energy together employ about 20,000 people at locations across the UK. The combined companies are portion of EDF S.A. , one of Europe ‘s largest power companies.
Beginning: hypertext transfer protocol: //www.british-energy.com/
INFLUENCED BY DIFFERENT ISSUES AND TRENDS:
British energy has been influenced by different tendencies and issues.
European energy markets and EU regulative and competition policy: A major impact on the UK ‘s energy markets and consumers has been made by the European energy markets and EU regulative and competition policy.
In order to protect the involvements of UK market participants and all consumers, the UK ‘s regulators carry an of import function in energy market in structuring the development of European policy.
Beginnings: hypertext transfer protocol: //www.parliament.uk/documents/upload/british-energy.pdf. [ accessed on 21/05/ 10 ] .
All independent generators experienced serious fiscal troubles:
British Energy has on a many occasions expressed concerns to Ofgem sing the developments in market construction and in peculiar the important addition in perpendicular integrating and market power within the sector. During this clip due to unsustainable low wholesale monetary values that occurred, all independent generators experienced serious fiscal troubles over a three twelvemonth period prior to 2004. However, during this period the big VI Groups mostly reported healthy consequences continuously in domestic supply on the dorsum of uncompetitive high borders. Indeed, domestic duties rose during this period without of all time perceptibly reflecting the important autumn in sweeping monetary values. This is contrary to the two twelvemonth period that followed where sweeping monetary values recovered with monetary value rises filtrating through to domestic clients really rapidly as big additions in domestic duties were implemented by all the major vertically integrated domestic providers. Since August 2006 wholesale monetary values have once more fallen aggressively yet merely one provider has announced a specific cut in its monetary values. At the beginning of August, INVESCO, the largest stockholder of British Energy which played an instrumental portion in laying waste, accepted the sweetened offer. An Blessing is still need by the British Energy ‘s stockholder and appropriate competition governments for the trade, but the authorities having 36 % interest in the house, supported it.
Beginnings: hypertext transfer protocol: //www.parliament.uk/documents/upload/british-energy.pdf. [ accessed on 23/05/ 10 ] .
Different positions from the different political parties: The outgoing ( broad ) Labour authorities is strongly pro-nuclear, with a major enterprise for constructing ten new power workss in the immediate hereafter — albeit with a clear statement of “ no subsidies ” The ( ingoing ) alliance bulk Conservatives are similarly strongly climate-change-oriented ( in contrast to conservative platforms in other states, e.g. the US ) . E.g. they propose beef uping the C monetary value, traveling in the way of a C revenue enhancement by establishing a monetary value floor. Broad Democrats have long opposed any new atomic building. Conservatives, by contrast, are committed to leting the replacing of bing atomic power Stationss provided they are capable to the normal planning procedure for major undertakings and provided besides that they receive no public subsidy. Beginnings: The Guardian, 1 April 2009
STAKE Holders: Stakeholder INTERESTS ON BRITISH ENERGY:
Refering the concern, British Energy wants to be identified as a taking and distinguished point of mention on energy policy. In order to understand the stakeholders ‘ positions, they maintain dialogue with different administrations and study these when they plan their concern activities. Their battle with cardinal stakeholders – stockholders, employees and clients – reflects the accent we place on safety and sustainability. It helps us to construct trust, demonstrate transparence, formulate scheme and policy and better our operations, merchandises and services.
hypertext transfer protocol: //www.edfenergy.com/sustainability/performance-report/stakeholders/our-stakeholders.shtml. [ accessed on 24/05/ 10 ] .
Political establishments and the regulator:
To understand the concern better and to organize the policy environment, they engage with political and regulative stakeholders in which they operate.Focusing on three of import subjects: security of supply, alteration in clime and affordability, they engage with Parliamentarians who signify constituencies or have an involvement in energy policy within our geographicss. They aim to better apprehension on both sides and to explicate how we can assist them supply support for their components. Sing the 2008 Energy, Climate Change and Planning Acts, in 2008 they participated in a Business and Enterprise Select Committee analyzing the operation of the energy markets and gave information to MPs.
Beginnings: hypertext transfer protocol: //www.edfenergy.com/sustainability/performance-report/stakeholders/our-stakeholders.shtml. [ accessed on 24/05/ 10 ] .
Customers and Suppliers
For the clients, it is precedence to supply appropriate merchandises and services for these groups. For placing and supplying aid to clients for excess aid, they have trained their client service advisers and metering agents. To guarantee that they met best pattern and response efficaciously to client concerns, they work closely with consumer administrations such as Consumer Focus and Consumer Direct. They guarantee that they handle their operations in line with their ethical supply concatenation concern rules, as such ; they work with their providers and concern spouses.
Beginning: hypertext transfer protocol: //www.edfenergy.com/sustainability/performance-report/stakeholders/our-stakeholders.shtml [ Accesed on 16/05/2010 11pm ]
The Government ‘s involvement in British Energy
British Energy was owned publically until 1996 its denationalization through a stock market floatation. In 2005 after assisting British Energy to accomplish a solvent restructuring, the Government achieved a fiscal involvement in the concern one time once more by following a sustained decline in its fiscal place. The Government agreed to supply aid because the Company was of national strategic importance. On 9 September 2002 the Government offered British Energy a recognition installation of ?410m against which it could borrow. The installation allowed British Energy to go on merchandising while it resolved longer-term issues. The installation was intended to be short-run, to be made available while analysis of British Energy ‘s fiscal place was undertaken, and was ab initio made available until 27 September 2002. However, on 26 September 2002 it was extended to 29 November 2002, and raised to ?650m. The installation was subsequently extended until 9 March 2003, staying at ?650m. A farther extension, until 30 September 2004, was obtained on 7 March 2003 but the recognition installation was reduced to ?200m. The Shareholder Executive, which was created in 2003 to better the Government ‘s public presentation as a stockholder, had duty for supervising British Energy ‘s fiscal and operational public presentation and for reding on determinations to sell the Government ‘s involvement.
Beginnings: hypertext transfer protocol: //www.statistics.gov.uk/about/methodology_by_theme/bec/downloads/BE_article.pdf [ accessed on 24/05/2010 ]
Corporate administration is the set of procedures, imposts, policies, Torahs, and establishments impacting the manner a corporation ( or company ) is directed, administered or controlled. This is the relationship between company managers and the company ‘s stakeholders. Corporate administration besides includes the relationships among the many stakeholders involved and the ends for which the corporation is governed. The chief stakeholders are the stockholders, direction, and the board of managers. Other stakeholders include employees, clients, creditors, providers, regulators, and the community at big. Corporate administration is a multi-faceted topic. ( Dignam and Lowry 2006 )
The corporate administration argument:
In recent old ages, there has been considerable concern in the UK about criterions of corporate administration. While, in company jurisprudence, managers are obliged to move in the best involvements of stockholders, there have been many cases of council chamber behavior hard to accommodate with this ideal. The commission on the fiscal facets of corporate administration, chaired by Sir Adrian Cadbury, was set up by the fiscal coverage council, the stock exchange and the accounting profession. Its brief was to analyze and do recommendations on the functions of executive and non-executive managers and authorizes. Other studies on corporate administration have been issued since Cadbury, the latest being Hampel study. The chief difference is that the accent is traveling off from a set of regulations towards using the wide principals of administration in a more flexible manner that encourages concern prosperity These rules of good administration, which apply to all listed companies from 1999 onwards, are summarized below:
Directors and the board
Directors ‘ wage
Relationss and stockholders
( Pike and Neale,1999, P.16 )
British energy corporate schemes:
Ofgem ( economic and pricing policy ) ;
FSA ( Bankss and funding suppliers )
Fiscal Reporting Council ( for accounting criterions in UK )
Ofgem has made important betterments in its effectivity and working patterns over the last three to four old ages. This has preponderantly been brought about by the acceptance of the Better Regulation Principles.
Ofgem ‘s chief aim is to ‘protect the involvements of [ GB ] consumers wherever appropriate by advancing competition ‘ . Furthermore, Ofgem has important powers under the Competition Act 1989. It has conducted a figure of inquires under the statute law with a position to protecting consumers from possible maltreatments of competition statute law. Thus Ofgem has the responsibility and the regulative tools to protect the involvements of the populace. However, it is its reading of its responsibility that shapes its attack and docket.
Ofgem demonstrate that it is retreating from direct ordinance of competitory markets ( go forthing this to be regulated under competition statute law ) and concentrating alternatively on ordinance of the monopoly concerns.
Ofgem closely monitor/review the wholesale and supply markets with a position to analyzing the effects of perpendicular integrating on competition in these markets and whether this is, or is non, in the public involvement
Beginnings: hypertext transfer protocol: //www.parliament.uk/documents/upload/british-energy.pdf. [ accessed on 21/05/ 10 ] .
Fiscal Reporting Council ( FRC )
Initially, the FRC was established in 1990 to advance good fiscal coverage through its two subordinates, the Accounting Standards Board ( ASB ) and the Financial Reporting Review Panel ( FRRP ) . However, the US accounting dirts led the UK authorities to reexamine ordinance in this country giving the FRC an expanded and more active function. The Financial Reporting Council ( FRC ) is a incorporate, independent regulator which aims to advance assurance in corporate coverage and administration. A In chase of this purpose itsA six aims are to advance:
high quality corporate coverage
high quality scrutinizing
high quality actuarial pattern
high criterions of corporate administration
the unity, competency and transparence of the accounting and actuarial professions
its effectivity as a incorporate independent regulator
( Villiers C,2006, P.43 )
FSA ( Bankss and funding suppliers ) :
The FSA is an independent non-governmental organic structure, given statutory powers by the Financial Services and Markets Act 2000 ( FSMA ) . They are accountable to UK Treasury Curates and through them to the Westminster Parliament. We are operationally independent of Government and are funded wholly by the houses we regulate. FSMA gives us four statutory aims:
keeping assurance in the fiscal system ;
advancing public apprehension of the fiscal system ;
procuring the appropriate grade of protection for consumers, taking into history the general rule that consumers should take duty for their determinations ; and
Reducing the extent to which it is possible for a concern to be used for a intent connected with fiscal offense.
The FSA ‘s response to the economic crisis
The handiness and cost of recognition
Changes and restructuring within the sector
Scots houses regulated by the FSA: Of the 27,436 houses regulated by the FSA ( 6,407 of which are European Economic Area Authorised firms1 based in Europe ) , 1309 are registered in Scotland.
Weakness of FSA
Growth of important planetary instabilities over the last decennary
Increasing complexness of the securitised recognition theoretical account
Rapid extension of recognition and falling recognition criterions
Property monetary value roars
Increasing purchase in the banking and shadow banking system
Underestimate of bank and market liquidness hazard
Beginnings: www.fsa.gov.uk/pubs/other/turner_review.pdf. [ accessed on 23/05/ 10 ] .
The Bangladesh Rural Electrification Board ( REB )
The Bangladesh Rural Electrification ( RE ) Program was founded with a Presidential Regulation in October 1977 that established the Rural Electrification Board ( REB ) as the semi-autonomous authorities bureau describing to the Ministry of Power Energy and Minerals Resources, which was responsible for electrifying rural Bangladesh. Since its origin, the intent of the plan has been to utilize electricity as a agency of making chances for bettering agricultural production and heightening socio-economic development in rural countries, whereby there would be betterments in the criterion of life and quality of life for the rural people. Enormous alterations have occurred in countries all across rural Bangladesh due to people holding entree to electricity.
beginnings ; hypertext transfer protocol: //www.reb.gov.bd/about_reb.htm. [ accessed on 26/05/ 10 ] .
Rural electrification is one of the major constituents of overall substructure, execution that has been identified by development programs of Bangladesh. Bangladesh Power Development Board ( BPDB ) carried out the electrification plan that was chiefly limited to urban Centres. Two confer withing houses of USA were engaged by the Government of Bangladesh to transport out a comprehensive survey on rural electrification in Bangladesh. The houses studied all related issues and recommended a sustainable rural electrification plan. The Board is a statutory Government organisation chiefly responsible for implementing nationwide rural electrification. Electrification in Dhaka is maintained by two different entities names Dhaka Electric Supply Authority ( DESA ) and Dhaka Electric Supply Company ( DESCO ) . Beyond the capital, the Power Development Board, Rural Electrification Board, Power Grid Company of Bangladesh andA Rural Power Company Limited, operate at different degrees to guarantee power supply to the endorsers. Each company has its ain processs, signifiers and duty programs for both domestic and commercial endorsers. Customers can besides ask about measure and can put ailments if required. DESCO besides provides regular agenda for burden shading for the metropolitan country of Dhaka.A A
beginnings ; hypertext transfer protocol: //www.reb.gov.bd/about_reb.htm. [ accessed on 23/05/ 10 ] .
The function of REB:
Ensure peoples engagement in policy preparation in a democratic manner.
Provide dependable and sustainable electricity to the rural people at low-cost monetary value.
Improve economic status of the rural people by utilizing electricity in agribusiness, bungalow and agro based industry.
Improve populating status of rural peoples.
Bringing approximately full rural Bangladesh under RE plan or an country coverage footing.
beginnings ; hypertext transfer protocol: //www.reb.gov.bd/about_reb.htm. [ accessed on 23/05/ 10 ] .
A brief on rural electrification programme: History of rural electrification in Bangladesh
Bangladesh Power Development Board ( BPDB ) is responsible for distribution of electricity in most of the countries in Bangladesh except Dhaka Metropolitan City and its bordering countries under DESA and DESCO, countries under West Zone Power Distribution Company Ltd ( WZPDCL ) and some of the rural countries under Rural Electrification Board ( REB ) . At present merely 47 % of the population is served with electricity and the per capita electricity ingestion is merely 156Kwh ( fiscal-2009 ) which is one of the lowest in the universe. In order to extenuate the demand deficit, the present Government has, as the studies said, late taken the undermentioned steps: –
Approved a undertaking to construct 10 “ top outing power workss ” bing Tk72.03 billion ( 7203 crore ) which will bring forth 830MW of power by terminal 2011
Approved a undertaking bing Tk 10.25 billion ( 1025 crore ) to modify and restitute the units # 3,4 and 5 of the Ashugonj Power Plant Complex which were built in the late 70 ‘s and early 80 ‘s.
Approved commands of two companies for four power workss of a combined capacity of 270MW which will utilize furnace oil and will come on watercourse by June 2011.
Beginnings: hypertext transfer protocol: //www.thefinancialexpress-bd.com/more.php? news_id=
97794 & A ; date=2010-04-17. [ accessed on 26/05/ 10 ] .
In add-on to the above, concrete stairss and some intervening steps have been/are being, taken. These include:
Importing LNG from Qatar to countervail the gas deficit ;
Actively sing put ining atomic power workss through Russian aid which involve a clip span of over 10 old ages for edifice ;
Importing electricity from India, Nepal, Bhutan and Myanmar ;
Erection of transmittal lines from Bahrampur in West Bengal to Bheramara in Kushtia to let importing of 250MW of electricity from India ;
Closing down some fertilizer mills and deviating gas for power coevals
Rationing the usage of air conditioners in private homes/offices ; and,
Encouraging usage of alternate beginnings of energy i.e. solar energy, bio-fuel etc
Beginnings: hypertext transfer protocol: //www.thefinancialexpress-bd.com/more.php? news_id
=97794 & A ; date=2010-04-17. [ accessed on 26/05/ 10 ] .
In 1996 the authorities of Bangladesh ( GoB ) adopted Private Sector Power Generation Policy ( PSPGP ) to promote private sector in bring forthing of electricity to advance economic growing. Through a papers titled “ Policy Guidelines for Enhancement of Private Participation in the Private sector, 2008 ” the GoB encouraged public private partnership ( PPP ) and allowed the private sector to
1 ) To put up commercial power workss
2 ) to provide electricity at duty rates to the distribution licences determined by the Bangladesh Energy Regularity Commission ( BERC ) .
Certain practical stairss should be taken by the GoB under the direct inadvertence of the Prime Minister, in order for Bangladesh to acquire out of this suffering state of affairs.
Some such steps can be enumerated here:
Allow any bing industrial unit/units/groups/clusters of mills fabricating installations to import power coevals workss for their ain constitutions based on Diesel, HFO up to bring forthing capacities of five MW to 50MW.
Any bing levies/duties/ charges on these diesel/HFO-powered workss that are to be imported on a “ returnable ” footing, should non be imposed/applied. Naturally, appropriate cheques and balances would hold to be in topographic point to avoid any abuse of the intended intent. Such steps will enable to, at least, carry out the production by the industrial units which presently are now being hampered.
Ensure timely completion of the sanctioned power undertakings if necessary through monitoring by particular “ Undertaking Forces ” of the O.K.ing Ministry.
Accelerate the command processes and issue of work orders for undertakings that are presently in the grapevine and these should be put under a monitoring system as stated above.
Inviting all spectrums of stakeholders connected with the power and energy sectors, an international conference on “ Power & A ; Energy ” should be convened in Dhaka desperately. The universe renowned event direction companies/managers should sooner manage this. If decently managed and participated by professionals or experts, the result of this event would give solutions in the medium to long term periods. This will enable the policy-makers to schemes for the following 10-15 old ages and this would be the key to accomplish “ millenary development ends ”
Beginnings: The fiscal express ( April-17, 2010 )
In 2002 the fiscal prostration of the atomic coevals British Energy PLC does n’t “ turn out ” that atomic power is impracticable in a liberalized power market. Chiefly atomic coevals combines high operational purchase with high fiscal purchase that arises from the long term liabilities as such the combination is surely hazardous. For hazard direction monetary value volatility is a large challenge and liberalized power markets behave much like other trade good markets. Except calamity hazard that is borne by authoritiess under international pact automatically, none of the hazards in atomic power is alone. By mishandling the hazard by British Energy itself, it consequences in dearly-won fiscal restacking. But against atomic power his should non be taken as grounds. The “ new ” British Energy company, floated on the London Stock Exchange in 2006, has a much more appropriate fiscal scheme and is paying the attending to the operational hazards of the being British reactions. Investors understand the company better and the portions, while volatile, merchandise successfully like another power company.