BIPPA wants policy continuation to achieve 40,000MW power generation target by 2030
Published: 05:59 PM, 1 December 2018 Updated: 06:03 PM, 1 December 2018
Daily Bangladesh Desk
The private sector has started dominating the country's power generation contributing 54.35 percent of the total electricity against 45.65 percent produced by state-owned power plants.
According to the latest statistics prepared by the Power Division, the country's total power generation capacity reached 20,343 MW of which 11,057 MW came from private sector producers while 9,286 MW from public entities.
Captive power generation of about 3,000 MW is also included in the private sector generation, while about 250 MW of renewable energy came from solar home systems included in the public sector generation.
Power Division officials said the private sector power generation witnessed a substantial growth due to a favorable investment policy offered by the government over the last one decade.
Private sector investors also appreciated the government's supportive role in achieving this progress demanding the continuation of such state policy to promote private investment in the power sector.
“Without a strong support from the state, it was not possible for the private sector producers to reach the milestone,” Imran Karim, vice president of Bangladesh Independent Power Producers Association (BIPPA), told DailyBangladesh.
As per the latest Power System Master Plan 2016, he said, the government envisioned to take the power generation to 40,000 MW by 2030, which requires a huge investment.
“If the current policy of the government continues, the private sector will be able to play a very important role in attaining the target,” he added.
According to BIPPA, the private sector has invested about $12 billion over the last 10 years by setting up more than 50 power plants.
BIPPA leaders said they have now planned to invest $50 billion in the next 12 years to keep up the private sector's participation in power sector development.
The private investors want to invest as independent power producers (IPPs) as well as private partners in the public-private partnership (PPP) initiative to set up at least 55 plants to generate some 12,000 MW of power or more.
The Power Division officials said that the government is now preparing a policy guideline to encourage more private sector investment in power transmission and distribution segments beside the current trend of investment in generation segment.
State Minister for Power and Energy Nasrul Hamid has recently urged the private investors to invest in the transmission and distribution segments as well.
BIPPA officials said if they are given the opportunity to invest in the generation sector to achieve the target of 40,000 MW by 2030, it will create 40,000 more direct jobs and another 300,000 indirect ones across the country.
They said more than 10,000 jobs have already been created by the private power generation plants in the last 10 years.
The Power Division statistics reveal that once the country's installed power generation capacity was 4,942 MW, but now the average daily power generation is 11,000 MW.
The highest power generation was reported to be 11,623 MW on September 19 this year.
According to the Power Division officials, people's access to electricity also increased to 92 percent with the rise in power production.
The number of electricity consumers increased to 3.12 crore in 2018 from 1.8 crores in 2009, they added.
- Woman commits suicide after poisoning 2 children
- Motorcyclist killed in Manikganj road crash
- Papua New Guinea PM Peter O`Neill resigns
- Two killed as covered van hits pickup
- England, Australia to play WC Warm Up today
- Boro paddy procurement drive begins in Narail
- Shakib on the brink of another milestone
- Mozammel to join Modi’s oath ceremony
- Iraq sentences 3 Frenchmen to death
- PM to leave home for 12-day tour Tuesday
- Miraz vows to cover up Tigers’ lack of leg-spinner
- Don`t want to see BRTC bankrupt: Quader
- Mahathir expected to visit Bangladesh at ‘year-end’
- Bangladesh-Japan to sign $2.5 bl ODA
- Habitual coffee drinkers really do wake up and smell coffee
- Study predicts shift to smaller animals over next century
- Exotic matter uncovered in the sun`s atmosphere
- PBI proves ex-Sonagazi OC `fault` in DSA
- Modi to take oath on Thursday
- IGP calls for increasing security ahead of Eid
- Bangladesh`s warm-up abandoned due to rain
- JS body urge to complete “Swadhinata Stambha” soon
- Eid Jamaat at 8:30 am
- 6 hours’ road reduced to 1.5 hour
- Hasan urges BNP not to do ‘ill politics’ over Khaleda’s health
- EC, Local Govt Division get new secretaries
- Cannes 2019: All the winners and losers of this year`s festival
- 72nd Cannes film festival winners at a glance
- Magnitude 8 earthquake strikes Peru
- Historical Conquest of Mecca
- All News »
- Contributions of General Aziz Ahmed as ex Director General of BGB (Part I)
- Boro paddy procurement drive begins in Narail
- Ronaldo coming to Dhaka in Mujib Year
- JS body discusses security of women, children
- Adventurous operation BEKPA-2 (Episode-1) under Captain Touquir
- Taylor, Williamson lead NZ to beat India
- Aruk Munshi: living reflect of Bangabandhu
- Ukraine`s new president Zelensky calls snap elections
- `Final should not decide my future`
- HC seeks reports of lab test on 93 more food items
- 2 hijackers killed in Hazaribagh gunfight
- The Army Chief of Bangladesh urges to increase interoperability of land forces
- AIUB pupil’s body recovered from GF`s house
- PM inaugurates Panchagarh Express
- Polls to suspended 5 UZs on June 18
- Rumin Farhana gets BNP’s reserve seat nomination
- OC withdrawn over schoolgirl Barsha’s suicide after rape
- 6 women among 11 killed in ‘massacre’ at bar
- 29 fake question leakers held in Satkhira
- 15 Bangladeshi survivors return home
- Panchagarh Express starts journey today
- On Mars, sands shift to a different drum
- Contributions of General Aziz Ahmed as ex Director General of BGB (Part II)
- Highest power generation recorded
- When Jail-guard are ‘drug dealers’!
- Archer named in England World Cup squad
- Poet Helal Hafiz hospitalized
- Mango bean to control diabetes
- Quader for salary, bonus before 25th Ramadan
- 4 of a family killed in gas cylinder blast