On Recent Decisions Related to Energy Security7 Nov 2024 18:14
It is now public knowledge that the reason for power disruption primarily lay on the energy supply crisis. The previous government had not taken any steps to explore its own coal in the past 15 years.
There have been barely any gas exploration activities either in land or sea. Without ensuring adequate energy supply, acquiring power generation capacity, which is much more than the actual demand under the 'Speedy Energy Power Supply (Special) Act 2010', has now become a pain point.
To have the generation capacity of 27,791 MW against the average demand of 15,000 to 16,000 MW has veered the government toward troubled water. Due to insufficient fuel supply, the power plants are sitting idle while the government continues to pay huge sums of subsidies in the form of capacity charges.
As per studies, Bangladesh’s main source of fuel, the natural gas reserves are now dwindling. Due to poor dollar reserves and lack of necessary infrastructure, it is increasingly difficult to import necessary supplies of coal, LNG and other liquid fuels. The present interim government, upon inheriting a power and energy sector in such distress, has been desperate in seeking solutions at all levels.
https://www.daily-sun.com/post/776024