Current scenario of power sector
As we know that Bangladesh’s power sector is one of the fastest growing in South Asia, the utility electricity sector in our country has one national grid with an installed capacity of 21,419 MW as of September 2019. According to the World Bank and the Bangladesh Power Development Board, the growth in terms of capacity addition has been remarkably increasing from 5% to 28% from 2012 to 2018. With the rise in capacity electricity consumption has increased. Moreover, Domestic and industrial sectors are the main power demand drivers in our country. In Fiscal Year 2017, The industrial sector has witnessed impressive growth in the last six to seven years with a growth of 12.06%. The key industries driving growth in our country are RMG manufacturing, infrastructure development and pharmaceutical. Electric power consumption per capita in Bangladesh is expected to increase significantly as demand is expected to increase in line with GDP growth and the government’s master plan to raise 24,000 Megawatt of electricity by 2021, 40,000 Megawatt by 2030, and 60,000 Megawatt by 2041. Bangladesh has added power capacity at an impressive growth rate in the last five years continuously. The total installed capacity is 20,000 Megawatt combining the solar power. Currently Bangladesh has started construction of the 2.4-gigawatt Rooppur Nuclear Power Plant which is expected to start its operation in 2023. Moreover, per capita energy consumption in our country is considered to be low.
Power Generation Capacity
Power sector of Bangladesh is one of the booming sectors of Bangladesh. Power sector of Bangladesh generates the power capacity of 22,562 MW as of October 2019 (including captive and renewable energy). According to the annual report 2019-20 of “Bangladesh Power Development Board,” 95% of the total population has access to electricity. The largest energy consumers in Bangladesh are the residential sector, followed by industries, commercial and agricultural sectors. In addition, in Fiscal Year 2019-20, the total installed capacity was 23,548 MW which includes 9,717 MW Public, 622 MW JV, 7,332 MW IPP/SIPP, and 1,301 MW. Rental Power Plant, 251 MW under REB (for PBS) and 1,160 MW Power Import from India. The maximum peak generation was 12,738 MW which was 1.20% lower than that in the previous year. Also, in Fiscal year 2018-19, the total installed capacity was 22,051 MW which includes 6,406 MW IPP/SIPP, 1,540 MW Rental Power Plant, and 251 MW under REB (for PBS) and 1,510 MW Power Import from India.
Bangladesh Power Development Board (BPDB):
Bangladesh Power Development Board was created on May Day. It started its operation with Installed Generation capacity of only 200 Megawatt. Installed Generation capacity has increased to 10618 Megawatt. The BPDB’s major responsibility is to generate and distribute electricity mainly in urban areas. The Board is under the facility Division of the Ministry of power, Energy and Natural Resources, Government of Bangladesh. BPDB has taken a huge capacity expansion and decided to add about 10500 MW Generation capacities in next 5 years to realize 24000 MW Capacity consistent with PSMP-2010 by 2021 with the aim to supply quality and reliable electricity to all or any of the people of the Country for desired economicand social development. To keep pace with the fast-growing demand power system has been expanded.
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