Energy experts said the draft plan, soon to be finalised, shows positive shifts - such as reducing an earlier emphasis on coal - but voiced concerns about a growing reliance on LNG and unclear ambitions when it comes to renewable sources of energy. Several analysts said Bangladesh should invest more in clean energy such as solar if it is to meet a target of generating 40% of its power from renewables, and that doing so would ultimately prove far more economical than spending heavily on fuel imports.
As Bangladesh s fast-growing economy has shifted to rely more on imported fuels such as liquefied natural gas (LNG) to meet its growing energy needs, volatility in the international market stemming from Russia s invasion of Ukraine has caused a gas supply crunch and power outages.
The India-Bangladesh Friendship Pipeline, a cross-border pipeline that was inaugurated on Saturday, is going to be a big relief for consumers in the northern part of the country. The Bangladesh Petroleum Corporation (BPC) will also get a boost in its ability to supply uninterrupted fuel in the region. Prime Minister Sheikh Hasina inaugurated the pipeline jointly with her
Power Supply During Summer: At least $4.45 billion is needed in fuel costs to ensure adequate power supply from February to June, when demand is set to increase by more than 50 percent, the Bangladesh Power Development Board (PDB) estimates.