Energy & Power - December 16, 2021
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Bangladesh’s power sector is progressing well and has made at least one milestone achievement over the last 50 years since the country’s independence. Almost the entire population of the landmass is now under the coverage of grid electricity. There are, however, criticisms about its supply quality due to frequent disruptions particularly in the rural areas. The achievement was also marred by the fact that the present price of electricity is considered to be much higher than expected or affordable levels. This is where the achievement went beyond Bangabandhu Sheikh Mujibur Rahman’s vision to ensure energy for all at affordable prices as a strategy for economic development of the country. The progress on developing the primary energy sector lagged far way behind the requirement, forcing the country to become increasingly dependent on imports. There is also an apprehension that the country’s import dependence would gradually increase to 90 percent by 2030 unless there are any large hydrocarbon discoveries in the country by then. Necessary efforts towards new discoveries are also seen absent as of now. If the situation continues with the present trend as far as primary energy is concerned, the cost of electricity would soar beyond any estimates. So, it is high time to give aggressive drive to develop the primary energy sector of the country.
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