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Power and prosperity

  • Published at 02:42 pm July 14th, 2018

A good path towards a more efficient and sustainable power sector is getting the private sector involved

Bangladesh remains on the upward trajectory as it witnesses its highest ever power generation -- an impressive 11,210MW. 

This remains in line with the government’s plans to continue to increase our power generation capabilities, with plans to reach 24,000MW by 2021 and 40,000MW by 2030. 

This will be essential in the future as, currently, 10% of the population still has no access to electricity, a population that will continue to rise in the coming years. 

A good path towards a more efficient and sustainable power sector is getting the private sector involved, as the prime minister rightfully urged last week. 

We are glad to see that the government is on track, with a new deal with American company General Electric worth $7.4 billion, set to generate 6,000MW of electricity.

But Bangladesh will need to think longer term, and consider its position as a climate-vulnerable nation and that renewable sources of energy remain undoubtedly the most sustainable source of power in the long run.

A good example of where we fall behind in this regard is wind energy, which we can harness, but which we have not to its full potential -- currently, only two plants operate, generating a mere 2MW of energy.

These numbers will need to change, if Bangladesh has any plans whatsoever of averting a power crisis in the future. Furthermore, it is our moral duty to do so, considering the grave danger climate change and its detrimental effects pose to our people and the rest of the world.

Further investments in renewable energy, by incentivizing businesses to do so, and moving away from fossil fuels are crucial steps towards continued success and progress within our power sector.