Market overview:According to the Bangladesh Power Development Board electricity demand in Bangladesh has been increasing by 200MW per year since 1996. The total demand is projected to be more than 11497 MW by 2018 where the contribution of the public sector is 5933MW, the private sector is 5064MW & 500MW from import (Cross-border trading of 500 MW power with India has begun in October 2013). Possibilities of trading of hydropower from Nepal, Bhutan, and Myanmar are being explored. The highest generation so far was 6675 MW recorded on 12/07/2013 and it is increasing gradually. The government has prepared the Power System Master Plan 2010 (PSMP 2010). The Bangladesh Power Sector Master Plan indicates that to attain an 8% GDP. According to the PSMP 2010 the estimated demand for power would be about 19,000 MW in 2021 and 34,000 MW in 2030(ref: Power Division). It has been estimated that power outage in Bangladesh results in a loss of annual industrial output of $1 billion. Power is one of the prime reasons for slow GDP growth and the Government of Bangladesh (GOB) has recognized the power sector as a priority sector. GOB has decided to build more power projects through the private sector and public-private partnership.
Generation Planning:Regardless of financial constraints and gas supply shortages, the government deliberates a strategy to overcome the crisis and at the same time meet the ever-increasing demand for power. It launched immediate, short, medium, and long term programs to increase power supply through the introduction of fuel mix (gas, coal, liquid fuel, nuclear energy and renewable), demand-side management, energy efficiency, and conservation. After assessing the latent demand, the government has revised its targets for increasing power generation. The year-wise details of the additional power generation programs, both in public and private, are listed below. 57 plants with a capacity of about 4,432 MW have been commissioned, 33 plants with a capacity of 6,569 MW are under construction. 19 projects with a capacity of about 3,974 MW are under tendering process and 9 plants with a capacity of 3,542 MW are at initial stages.
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