July 12, 2020 Read More →

Bangladesh power surplus proving to be burden on nation’s treasury, population

South Asian Monitor:

It wasn’t long ago that Bangladesh was plagued by power shortages. But having developed by leaps and bounds in the last decade or so, Bangladesh now has a power generating capacity far in excess of its requirement.

However, this is not a blessing but a burden on the exchequer and the people at large, says a study by Simon Nicholas and Sara Jane Ahmed for the Institute of Energy Economics and Financial Analysis (IEEFA).

The problem is compounded by the fact that the Sheikh Hasina-led Bangladesh government is eager to add to its power generating capacity exponentially by 2041. Hasina’s Vision 2041 envisages the abolition of extreme poverty and turning Bangladesh into an upper middle income country. Since power is needed to turn the wheels of industry and commerce, the government is to set up 14 China-funded coal fired power plants.

Nicholas and Ahmed argue that by using renewable sources of energy and local sources of energy, Bangladesh will be sheltered from international political crises and shocks on the energy supply front. And, importantly, environmental pollution can be avoided. 

[P.K. Balachandran]

More: Excess power capacity puts financial burden on Bangladesh

Posted in: IEEFA In the News

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