Bangladesh Loses 80 Percent Of Power, Likely Due To Inflation

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    by Kay Smythe, The Daily Caller:

    Roughly 140 million people in Bangladesh lost power Tuesday after the government-run power grid failed.

    The failure started around 2 p.m. local time, hitting the entire country except for regions in the north-west, according to Barron’s. The state-run Bangladesh Power Development Board reported that transmission had failed somewhere in the eastern area of the country but the source of the outage remains unclear, the outlet continued.

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    Bangladeshi officials have claimed that power will be restored by 8 p.m. local time starting with the capital, Dhaka.

    Bangladesh, like much of the rest of the world, has suffered major energy and power crises in recent months largely resulting from higher global energy prices, Barron’s noted. Utilities are struggling to source enough diesel and gas to meet demand as the nation’s currency depreciates, making it difficult to import fossil fuels.

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