August 4, 2020 Read More →

Bangladesh plans to ‘review’ all but three of 29 planned coal plants

Eco-Business:

Bangladesh’s minister of power, energy and mineral resources, Nasrul Hamid, surprised energy watchers recently when he said the country is planning to “review” all but three of 29 planned coal plants.

“We are keeping the three coal-fired power plants that are under construction. At present, we are aiming for [40 to 41GW of total generation capacity], where only 5GW is coal based,” said Minister Hamid during a webinar run by the Centre for Policy Dialogue. “We are reviewing how we can move from coal-based power plants.”

Bangladesh has one of the largest coal power pipelines in the world, a total of 29 power plants amounting to 33.2GW of capacity, according to a 2019 study by an Australian organisation that tracks fossil fuel investment. If the minister’s comments become government policy, up to 26 power plants accounting for 28GW of capacity could be put under review. That’s 90 per cent of the coal pipeline.

“It would dramatically swing the nation’s power development away from coal,” said Simon Nicholas, energy finance analyst with the Institute for Energy Economics and Financial Analysis (IEEFA). 

[Tom Baxter]

More: Bangladesh may ditch 90% of its planned coal power

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