DHAKA -- Bangladesh is reeling from a worsening power crisis that plunges homes and factories into darkness for hours, prompting China to offer to come forward with fuel supplies if push comes to shove.
The South Asian nation, where the government had trumpeted reaching 100% electricity coverage in March, is now failing to meet its minimum electricity needs. The crisis deepened after the government stopped importing liquefied natural gas from the spot market due to soaring prices, and shut oil-run power plants to cut imports and preserve dwindling foreign exchange reserves.
