The upcoming power master plan should address the issues of overcapacity and expensive energy sources to bring financial stability in the power sector, said the US-based Institute for Energy Economics and Financial Analysis (IEEFA) in a report.
The report said the Integrated Energy and Power Master Plan would have to align with the government’s Eighth Five Year Plan to drive zero carbon transformation.
The Eighth Five Year Plan acknowledges many of the major issues impacting Bangladesh’s fossil fuel-based power system and solutions to fix them.
It says the government now has an increased focus on renewable energy, energy efficiency, and financial sustainability of the power system that has been affected due to reliance on coal and liquefied natural gas (LNG).
Bangladesh Power Development Board (BPDB), however, says the government will decide whether or not it will stop using coal and LNG.