Hammer-fist
FULL MEMBER
- Joined
- Oct 8, 2012
- Messages
- 1,221
- Reaction score
- 0
Country's power sector needs hefty investment
BRAC EPL unveils research report on the sector
Published : Friday, 08 February 2013
FE Report
Speakers at a seminar Thursday said the country is trailing behind the path laid by the Power System Master Plan (PSMP)- 2010, visioning 2030, by a couple of years due to inadequate infrastructure development.
BRAC EPL Stock Brokerage Ltd (BESL) arranged the seminar to unveil a research report titled "Bangladesh Energy Sector Primer" at BRAC Inn in the city.
Dr M Tamim, former Energy Advisor to the Caretaker Government and Professor of Petroleum and Mineral Resources Engineering, BUET, disclosed the research report at the seminar, which was attended, among others, officials from different organisations in the financial and energy sectors including Mohammed Rahmat Pasha, CEO of BRAC EPL Stock Brokerage.
Presenting the report, its consulting author Dr Tamim said Bangladesh is maintaining an impressive average GDP growth of 6.2 per cent over the last decade; along with the economic growth, consumption for Power grew steadily as well- a testament to which would be the growth in per capita electricity consumption of 9.5 percent CAGR over the last decade.
As the demand for Bangladesh's power keeps increasing, primary fuel for electricity generation such as natural gas (averaging 87 percent of electricity supplied to the national grid over the last decade) - is fast becoming insufficient to meet its growing demands.
Bangladesh at the moment has around 16 TCF of proven natural gas reserve left; its gas extraction has steadily been increasing with 0.7 TCF extracted last year, he said, adding that so, it is easy to see why without any new reserves discovered, Bangladesh should look elsewhere to meet her energy demands.
The country came up with the Power System Master Plan in 2010 with a roadmap to meeting its energy demands by 2030. The master plan rightly identified the depleting gas reserve of the country and provided a fuel diversification plan to meet the growing power demand.
The PSMP 2010 has a vision to generate around 50 percent of the country's electricity from coal, 25 percent from gas, 10 percent from Nuclear based power plants and the rest from other resources by 2030, Dr Tamim said.
By analyzing the power generation added over the last four years and the plans for capacity increase till 2017, he concluded that BPDB is adhering to PSMP 2010 and planning accordingly for future power generation.
Since liquid fuel based power plants can only be implemented in shorter notice relative to others, the country implemented the costlier liquid fuel based power plants as a temporary measure to meet its demand in the immediate and interim period, he said.
Though BPDB is trying to implement the plan accordingly, the country has not yet started developing the infrastructure - ports to facilitate mass import of coal, railway and inland waterway communication to carry the coal to the power plants and also a coal extraction policy to exploit the local coal which are quintessential for the successful implementation of the PSMP 2010.
As a result, the country will have to bear the higher cost associated with generating electricity from liquid fuel based power plants for a few more years than initially anticipated, according to the research paper.
However, the path to meet the country's power demand will require heavy investment in the sector, Dr Tamim said.
Financial Express :: Financial Newspaper of Bangladesh
Bangladeshi nationalists feel free to comment.
@UKBengali
@madx
@Moander
@ShadowFaux @DURJOY @Banglar Bagh
@RiasatKhan
@saleen_s7
@yasinbin @iajdani @CaPtAiN_pLaNeT @eastwatch @asad71 @animelive
@sepoi
@PlanetSoldier
BRAC EPL unveils research report on the sector
Published : Friday, 08 February 2013
FE Report
Speakers at a seminar Thursday said the country is trailing behind the path laid by the Power System Master Plan (PSMP)- 2010, visioning 2030, by a couple of years due to inadequate infrastructure development.
BRAC EPL Stock Brokerage Ltd (BESL) arranged the seminar to unveil a research report titled "Bangladesh Energy Sector Primer" at BRAC Inn in the city.
Dr M Tamim, former Energy Advisor to the Caretaker Government and Professor of Petroleum and Mineral Resources Engineering, BUET, disclosed the research report at the seminar, which was attended, among others, officials from different organisations in the financial and energy sectors including Mohammed Rahmat Pasha, CEO of BRAC EPL Stock Brokerage.
Presenting the report, its consulting author Dr Tamim said Bangladesh is maintaining an impressive average GDP growth of 6.2 per cent over the last decade; along with the economic growth, consumption for Power grew steadily as well- a testament to which would be the growth in per capita electricity consumption of 9.5 percent CAGR over the last decade.
As the demand for Bangladesh's power keeps increasing, primary fuel for electricity generation such as natural gas (averaging 87 percent of electricity supplied to the national grid over the last decade) - is fast becoming insufficient to meet its growing demands.
Bangladesh at the moment has around 16 TCF of proven natural gas reserve left; its gas extraction has steadily been increasing with 0.7 TCF extracted last year, he said, adding that so, it is easy to see why without any new reserves discovered, Bangladesh should look elsewhere to meet her energy demands.
The country came up with the Power System Master Plan in 2010 with a roadmap to meeting its energy demands by 2030. The master plan rightly identified the depleting gas reserve of the country and provided a fuel diversification plan to meet the growing power demand.
The PSMP 2010 has a vision to generate around 50 percent of the country's electricity from coal, 25 percent from gas, 10 percent from Nuclear based power plants and the rest from other resources by 2030, Dr Tamim said.
By analyzing the power generation added over the last four years and the plans for capacity increase till 2017, he concluded that BPDB is adhering to PSMP 2010 and planning accordingly for future power generation.
Since liquid fuel based power plants can only be implemented in shorter notice relative to others, the country implemented the costlier liquid fuel based power plants as a temporary measure to meet its demand in the immediate and interim period, he said.
Though BPDB is trying to implement the plan accordingly, the country has not yet started developing the infrastructure - ports to facilitate mass import of coal, railway and inland waterway communication to carry the coal to the power plants and also a coal extraction policy to exploit the local coal which are quintessential for the successful implementation of the PSMP 2010.
As a result, the country will have to bear the higher cost associated with generating electricity from liquid fuel based power plants for a few more years than initially anticipated, according to the research paper.
However, the path to meet the country's power demand will require heavy investment in the sector, Dr Tamim said.
Financial Express :: Financial Newspaper of Bangladesh
Bangladeshi nationalists feel free to comment.
@UKBengali
@madx
@Moander
@ShadowFaux @DURJOY @Banglar Bagh
@RiasatKhan
@saleen_s7
@yasinbin @iajdani @CaPtAiN_pLaNeT @eastwatch @asad71 @animelive
@sepoi
@PlanetSoldier
Last edited by a moderator:
Quick rental power plants of this government drained our private banks thus leaving little money for more power. The saddest thing is Summit group and the other group which got the contracts for the power plants are in deep trouble with the banks since they can't operate the power plants due to the government's reluctance to buy more fuel using precious foreign currency. Awami League has destroyed our power sector. All these pipe dreams of this energy and that energy are pipe dreams, the fact of the matter is sonali bank has little money and so does the rest of the banks, if you don't take my words, just go walk in any bank and try to get a loan without paying a commission fee to a government dalal, even they can't get you the big amounts. Our banking sector is dry and muhith and the mob are to blame.
