RE: Allowing coal mining as a short-term measure11 Aug 2023 20:11
As there is shortage of hard currency in the country's coffer to procure fuel from external sources, the best choice before the government is to exploit whatever domestic fuel source is there to meet its immediate needs. In this context, alongside the government's ongoing efforts to develop the capacity of onshore gas fields, it may have a rethink of its policy on coal. Notably, according to different estimates, Bangladesh has around 2.0 billion tonnes of coal deposit underground in its north-western districts. Even so, the coal-fired Barapukuria power station in Dinajpur with its 575 MW production capacity cannot depend on local coal mines for their supply. On the other hand, the Phulbari project remains stalled due to sensitivities of socio-political nature. But at the same time, the government is importing coal from international markets to operate its coal-based power plants at the expense of its precious foreign exchange, the scope of which is shrinking by the day. On all counts, this is paradoxical.
Going by the maxim that desperate times call for desperate measures, the government would do well to reconsider its present policy on coal as a short-term measure to tide over the present energy crisis. However, for a more sustainable energy future, the government may go ahead with its draft policy in the style of 'Integrated Energy and Power Master Plan (IEPMP)' for the 2024-2050 period.