Bangladesh: Vision 2021 for Power Sector
To provide access to quality electricity to all people at an affordable price by the year 2021.
Bangladesh Power Sector at a Glance
|Generation Capacity (With Captive)||:||14,332 MW|
|Highest Generation||:||8,177 MW (August 15, 2015)|
|Transmission line||:||9,789 CKM|
|Distribution Line||:||3,72,000 KM|
|Total consumers||:||20.4 Million|
|Access to Electricity||:||76%|
The Future of Power Sector in brief
To realize Vision 2021, the government of Bangladesh (GOB) has adopted Power System Master Plan (PSMP) 2010 as the basis for future projects to be undertaken in this sector. As per PSMP 2010, electricity generation would reach to 39,000 MW by 2030 with an additional generation of 36,000 MW. Following table shows the total generation plan by the year 2030:
|New Generation Target by 2030|
|Fuel Type||Capacity (MW)|
|Natural Gas/ LNG||8956|
The proportion of each category is shown in the following pie chart:
To reach this new power supply to customers, major expansion of transmission and distribution networks would be necessary. Alongside, the Master Plan lays emphasis on energy efficiency, conservation and demand side management.
Investment Potentials in Bangladesh Power Sector
Bangladesh has been experiencing an annual average GDP growth rate of 6 percent for almost two decades. Even during the global economic turmoils, it has managed a growth rate of over 6 percent, helped by robust domestic and foreign demands in the recent past and steady flow of remittances for nonresidents. It’s the second largest garment exporter in the world. Its macro fundamentals are sound and the rating agencies have held on to their assessments.
Bangladesh is an investor friendly country. There has never been an instance nationalization of FDI nor any case of default in payment. Its incentive package for FDI and for power sector in particular, is one of the most competitive. Its capital account is freely convertible for FDI. The Independent Power Policy of Bangladesh has been able to attract FDI since 1990s and the track records on all counts have been excellent.
From GOB’s power sector Road Map, following investment potentials can be identified:
|Bangladesh-India Friendship Power Company Ltd. (BIFPC) requires US$ 1.00 billion investment in 1320 MW Coal Based Power Plant in Khulna.|
Key Facts of Bangladesh:
|Official Name||:||People’s Republic of Bangladesh|
|Political System||:||Parliamentary Democracy|
|Area||:||147,570 sq. km|
|Time Zone;||:||GMT+6 Hours|
|GDP total||:||USD 173.82 billon (Year 2014)|
|GDP Per Capita||:||USD 1190 (August 2014)|
|Total Exports||:||BDT 192.13 billon (January 2016)|
|Total Imports||:||BDT 266.99 billon (January 2016)|
|Foreign Reserve||:||USD 28060 million (March 2016)|
|Major Ports||:||Chittagong, Mongla|
|Currency||:||BDT (1 BDT = USD 0.013)|
The Government of Bangladesh is committed to realizing its ‘Vision’ and fulfill its election pledge to the people. It needs support from development partners, multinational financial institutions, foreign investors and international power sector players. Bangladesh is a proven case of secured investment in power sector offering a win-win situation for all parties involved.
Monowar Islam, ndc
Ministry of Power, Energy & Mineral Resources
Government of the People’s Republic of Bangladesh
Phone : 880-2-9511030 (Office)
Fax : 880-2-9514177
E-mail : email@example.com
web : www.powerdivision.gov.bd
০৫ জানুয়ারি ২০১৪ এ অনুষ্ঠিত সাধারণ নির্বাচনে আওয়ামী লীগের নিরঙ্কুশ বিজয় অর্জনের পর ১২ জানুয়ারি ২০১৪-এ গণপ্রজাতন্ত্রী বাংলাদেশ সরকারের প্রধানমন্ত্রী হিসেবে তৃতীয় বারের মত শপথ নেন শেখ হাসিনা। বিস্তারিত....
|Description||Day Peak||Evening Peak|
|Available Gen. Capacity (MW)||8317||9154|
|Forecasted Demand (MW)||5800||7450|
|Yesterday's Actual Generation (MW)||5588||7225|