Enhance Energy Efficiency In Captive Power Generation To Keep Industries Competitive: Speakers

Amid rising prices of gas, industries with gas-fired captive power generators should consider enhancing further the efficient use of energy to keep production costs lower.

- 

If industries cannot reduce energy consumption and use waste heat, they will lose money and competitiveness in the market.

Speakers at a recent webinar titled “Enhancing Efficiency in Captive Power Generation” made the observation, stressing the need for policy support for industries to become energy efficient. Energy & Power magazine organized the event, moderated by its Editor, Mollah Amzad Hossain.

Delivering the keynote presentation, Shafiqul Alam, Lead Energy Analyst for Bangladesh at the Institute for Energy Economics and Financial Analysis (IEEFA), pointed out that the demand for uninterrupted electricity compelled the policymakers to supply gas to industries for captive power generation as grid power remained unreliable. The insatiable demand for gas outpaced local production amid insufficient local gas exploration, prompting the government to frontload efforts to import Liquefied Natural Gas (LNG).

Although Bangladesh's LNG import spell is brief, the relation with LNG has already become turbulent as the government raised gas prices drastically by more than 100% for industries in 2023. There is already a discussion that the government may increase gas tariffs further.