Power and Energy

In Bangladesh,the power generation sources are diverse, with the public sector generating 40.02%, the private sector 47.39% , joint ventures 4.10% , and power import contributing 8.50% .The government’s Power System Master Plan (PSMP) 2016 targets to increase the installed electricity generation capacity to 40,000 MW by 2030. Bangladesh’s energy security and fuel diversification plan entail power generation from coal, LNG, dual-fuel, nuclear, and renewable energy sources, and it also imports electricity through regional and sub-regional cooperation. Natural gas meets 62% of the country’s total commercial energy demand, with 28 gas fields discovered, producing 19.11 trillion cubic feet of gas cumulatively, leaving 9.30 trillion cubic feet recoverable. The country has 13.60 lakh metric tons of reserve fuel oil. Transmission and distribution of electricity’s total system loss dropped significantly to 9.54% in FY 2021-22, from 14.73% in FY 2010-11. Therefore, The power sector plays a significant role in fostering socio-economic development, industrialization, and poverty reduction in the country.