Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041

Mahadehe Hassan; Moin Uddin Ahmed

doi:doi:10.11648/j.ijepe.20221101.11

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Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041

Mahadehe Hassan, Moin Uddin Ahmed

Published in International Journal of Energy and Power Engineering (Volume 11, Issue 1)

Received: 9 December 2021 Accepted: 4 January 2022 Published: 12 January 2022

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Abstract

Energy is a major driving force for economic and socio-economic development of a country. Throughout the last decade Power & Energy Sector of Bangladesh has been undergone unprecedented transition towards realizing its targets set for achieving Visions (2021 & 2041). Keeping pace with the economic growth, all out efforts have been undertaken in Power & Energy Sector. As Per successful implementation of PP 2021 and MDGs, the power and energy sector targets of PP2041 and SDG7 are reasonably expected to be realized in due course. The sector is moving towards achieving long term targets to ensure energy sustainability 33,000 MW plant generation capacity, maximum peak demand 29,300 MW (in 2030), and 56,734 MW plant generation capacity, maximum peak demand 51,300 MW (in 2041). This is an appropriate time to review the achievements so far. The main objective of this research paper is to analyze the performance of the energy sector over the last decade in order to identify the areas of weaknesses and challenges and to present a set of recommendations on long term sustainability. From methodological point of view, the current practice is to analyze a gap in the sector aimed at identifying weaknesses. Therefore, this study focuses on the following issues in the energy sector of Bangladesh’s to ensure the route of vision 2041: (i) Perspective Plan 2041 for Energy Sector in Bangladesh; (ii) Present status of Electricity Generation in energy sector of Bangladesh (iii) Energy Pricing and Policy in Bangladesh (iv) Major Initiatives in Energy Sectors of Bangladesh (v) Challenges faced by vision 2041 in energy sector of Bangladesh. Energy plays an important role in the development and security of any country, poverty eradication, economic growth and sustainable infrastructure. Therefore, future economic growth will depend significantly on the availability of electricity.

Published in	International Journal of Energy and Power Engineering (Volume 11, Issue 1)
DOI	10.11648/j.ijepe.20221101.11
Page(s)	1-16
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Primary Energy, Electricity, Energy Pricing, Energy Policy, Economic Growth

References

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[3]	Monthly Report on Gas and Coal production (2021) Hydrocarbon Unit, Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[4]	Annual Report on Bangladesh Power Development Board, (2021) Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[5]	Annual Report on Bangladesh Power Development Board, (2020) Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[6]	Annual Report on Bangladesh Power Development Board, (2019) Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[7]	Bangladesh Power Development Board (BPDB), Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh Retrieved from https://www.bpdb.gov.bd/bpdb_new/index.php/site/page/13e9-2cc0-ce41-9c09-088d-94d5-f546-04a6-b4fa-1d18
[8]	Making Vision 2041 a Reality: Perspective Plan of Bangladesh 2021-2041.
[9]	Bangladesh Energy Scenario Report (2020) Hydrocarbon Unit, Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[10]	Annual Report on Infrastructure Development Company Limited (IDCOL) (2020), Non-bank financial institution (NBFI), Govt of the people’s Republic of Bangladesh.
[11]	Sustainable and Renewable Energy Development Authority (SREDA), Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh Retrieved from http://www.renewableenergy.gov.bd/index.php?id=1&i=1&pg=2
[12]	Sustainable and Renewable Energy Development Authority (SREDA), Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh Retrieved from https://ndre.sreda.gov.bd/index.php?id=1&i=11
[13]	World Energy Outlook (2011), International Energy Agency (IEA).
[14]	Key World Energy Statistics 2020, IEA UN Energy Statistics Pocketbook 2021.
[15]	Imam Badrul. "Energy Resources of Bangladesh" 2nd Edition, 2013.
[16]	Annual Report on Gas Production, Consumption and Distribution (2020), Hydrocarbon Unit, Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[17]	Monthly Report on MIS Petrobangla, (2020 &2021) Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[18]	Annual Report on Bangladesh Petroleum Corporation, (2020) Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
[19]	Energy efficiency and Conservation Masterplan up to 2030, SREDA, (2015), Power Division, Ministry of Power, Energy and Mineral Resources, Bangladesh.
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[21]	PricewaterhouseCoopers (Pwc). (2013). Mineral Resources Assessment Report in Bangladesh.
[22]	Saiful Islam and Md, Ziaur Rahman Khan (2017), A review of energy sector of Bangladesh, International Journal of Energy Procedia.
[23]	National Accounts Statistics Provisional Estimate of GDP 2020-2021 and Final Estimate of GDP 2019-2020; Retrieved from http://www.bbs.gov.bd/site/page/dc2bc6ce-7080-48b3-9a04-73cec782d0df/GDP.
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APA Style

Mahadehe Hassan, Moin Uddin Ahmed. (2022). Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041. International Journal of Energy and Power Engineering, 11(1), 1-16. https://doi.org/10.11648/j.ijepe.20221101.11

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ACS Style

Mahadehe Hassan; Moin Uddin Ahmed. Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041. Int. J. Energy Power Eng. 2022, 11(1), 1-16. doi: 10.11648/j.ijepe.20221101.11

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AMA Style

Mahadehe Hassan, Moin Uddin Ahmed. Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041. Int J Energy Power Eng. 2022;11(1):1-16. doi: 10.11648/j.ijepe.20221101.11

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@article{10.11648/j.ijepe.20221101.11,
  author = {Mahadehe Hassan and Moin Uddin Ahmed},
  title = {Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041},
  journal = {International Journal of Energy and Power Engineering},
  volume = {11},
  number = {1},
  pages = {1-16},
  doi = {10.11648/j.ijepe.20221101.11},
  url = {https://doi.org/10.11648/j.ijepe.20221101.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijepe.20221101.11},
  abstract = {Energy is a major driving force for economic and socio-economic development of a country. Throughout the last decade Power & Energy Sector of Bangladesh has been undergone unprecedented transition towards realizing its targets set for achieving Visions (2021 & 2041). Keeping pace with the economic growth, all out efforts have been undertaken in Power & Energy Sector. As Per successful implementation of PP 2021 and MDGs, the power and energy sector targets of PP2041 and SDG7 are reasonably expected to be realized in due course. The sector is moving towards achieving long term targets to ensure energy sustainability 33,000 MW plant generation capacity, maximum peak demand 29,300 MW (in 2030), and 56,734 MW plant generation capacity, maximum peak demand 51,300 MW (in 2041). This is an appropriate time to review the achievements so far. The main objective of this research paper is to analyze the performance of the energy sector over the last decade in order to identify the areas of weaknesses and challenges and to present a set of recommendations on long term sustainability. From methodological point of view, the current practice is to analyze a gap in the sector aimed at identifying weaknesses. Therefore, this study focuses on the following issues in the energy sector of Bangladesh’s to ensure the route of vision 2041: (i) Perspective Plan 2041 for Energy Sector in Bangladesh; (ii) Present status of Electricity Generation in energy sector of Bangladesh (iii) Energy Pricing and Policy in Bangladesh (iv) Major Initiatives in Energy Sectors of Bangladesh (v) Challenges faced by vision 2041 in energy sector of Bangladesh. Energy plays an important role in the development and security of any country, poverty eradication, economic growth and sustainable infrastructure. Therefore, future economic growth will depend significantly on the availability of electricity.},
 year = {2022}
}

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TY  - JOUR
T1  - Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041
AU  - Mahadehe Hassan
AU  - Moin Uddin Ahmed
Y1  - 2022/01/12
PY  - 2022
N1  - https://doi.org/10.11648/j.ijepe.20221101.11
DO  - 10.11648/j.ijepe.20221101.11
T2  - International Journal of Energy and Power Engineering
JF  - International Journal of Energy and Power Engineering
JO  - International Journal of Energy and Power Engineering
SP  - 1
EP  - 16
PB  - Science Publishing Group
SN  - 2326-960X
UR  - https://doi.org/10.11648/j.ijepe.20221101.11
AB  - Energy is a major driving force for economic and socio-economic development of a country. Throughout the last decade Power & Energy Sector of Bangladesh has been undergone unprecedented transition towards realizing its targets set for achieving Visions (2021 & 2041). Keeping pace with the economic growth, all out efforts have been undertaken in Power & Energy Sector. As Per successful implementation of PP 2021 and MDGs, the power and energy sector targets of PP2041 and SDG7 are reasonably expected to be realized in due course. The sector is moving towards achieving long term targets to ensure energy sustainability 33,000 MW plant generation capacity, maximum peak demand 29,300 MW (in 2030), and 56,734 MW plant generation capacity, maximum peak demand 51,300 MW (in 2041). This is an appropriate time to review the achievements so far. The main objective of this research paper is to analyze the performance of the energy sector over the last decade in order to identify the areas of weaknesses and challenges and to present a set of recommendations on long term sustainability. From methodological point of view, the current practice is to analyze a gap in the sector aimed at identifying weaknesses. Therefore, this study focuses on the following issues in the energy sector of Bangladesh’s to ensure the route of vision 2041: (i) Perspective Plan 2041 for Energy Sector in Bangladesh; (ii) Present status of Electricity Generation in energy sector of Bangladesh (iii) Energy Pricing and Policy in Bangladesh (iv) Major Initiatives in Energy Sectors of Bangladesh (v) Challenges faced by vision 2041 in energy sector of Bangladesh. Energy plays an important role in the development and security of any country, poverty eradication, economic growth and sustainable infrastructure. Therefore, future economic growth will depend significantly on the availability of electricity.
VL  - 11
IS  - 1
ER  -

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Author Information

Mahadehe Hassan

Hydrocarbon Unit (HCU), Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Dhaka, Bangladesh
Moin Uddin Ahmed

Geological Survey of Bangladesh (GSB), Energy and Mineral Resources Division, Ministry of Power, Energy and Mineral Resources, Dhaka, Bangladesh

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APA Style

Mahadehe Hassan, Moin Uddin Ahmed. (2022). Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041. International Journal of Energy and Power Engineering, 11(1), 1-16. https://doi.org/10.11648/j.ijepe.20221101.11

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ACS Style

Mahadehe Hassan; Moin Uddin Ahmed. Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041. Int. J. Energy Power Eng. 2022, 11(1), 1-16. doi: 10.11648/j.ijepe.20221101.11

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AMA Style

Mahadehe Hassan, Moin Uddin Ahmed. Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041. Int J Energy Power Eng. 2022;11(1):1-16. doi: 10.11648/j.ijepe.20221101.11

Copy | Download

@article{10.11648/j.ijepe.20221101.11,
  author = {Mahadehe Hassan and Moin Uddin Ahmed},
  title = {Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041},
  journal = {International Journal of Energy and Power Engineering},
  volume = {11},
  number = {1},
  pages = {1-16},
  doi = {10.11648/j.ijepe.20221101.11},
  url = {https://doi.org/10.11648/j.ijepe.20221101.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijepe.20221101.11},
  abstract = {Energy is a major driving force for economic and socio-economic development of a country. Throughout the last decade Power & Energy Sector of Bangladesh has been undergone unprecedented transition towards realizing its targets set for achieving Visions (2021 & 2041). Keeping pace with the economic growth, all out efforts have been undertaken in Power & Energy Sector. As Per successful implementation of PP 2021 and MDGs, the power and energy sector targets of PP2041 and SDG7 are reasonably expected to be realized in due course. The sector is moving towards achieving long term targets to ensure energy sustainability 33,000 MW plant generation capacity, maximum peak demand 29,300 MW (in 2030), and 56,734 MW plant generation capacity, maximum peak demand 51,300 MW (in 2041). This is an appropriate time to review the achievements so far. The main objective of this research paper is to analyze the performance of the energy sector over the last decade in order to identify the areas of weaknesses and challenges and to present a set of recommendations on long term sustainability. From methodological point of view, the current practice is to analyze a gap in the sector aimed at identifying weaknesses. Therefore, this study focuses on the following issues in the energy sector of Bangladesh’s to ensure the route of vision 2041: (i) Perspective Plan 2041 for Energy Sector in Bangladesh; (ii) Present status of Electricity Generation in energy sector of Bangladesh (iii) Energy Pricing and Policy in Bangladesh (iv) Major Initiatives in Energy Sectors of Bangladesh (v) Challenges faced by vision 2041 in energy sector of Bangladesh. Energy plays an important role in the development and security of any country, poverty eradication, economic growth and sustainable infrastructure. Therefore, future economic growth will depend significantly on the availability of electricity.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Analysis of Energy Sector of Bangladesh’s to Ensure the Route of Vision 2041
AU  - Mahadehe Hassan
AU  - Moin Uddin Ahmed
Y1  - 2022/01/12
PY  - 2022
N1  - https://doi.org/10.11648/j.ijepe.20221101.11
DO  - 10.11648/j.ijepe.20221101.11
T2  - International Journal of Energy and Power Engineering
JF  - International Journal of Energy and Power Engineering
JO  - International Journal of Energy and Power Engineering
SP  - 1
EP  - 16
PB  - Science Publishing Group
SN  - 2326-960X
UR  - https://doi.org/10.11648/j.ijepe.20221101.11
AB  - Energy is a major driving force for economic and socio-economic development of a country. Throughout the last decade Power & Energy Sector of Bangladesh has been undergone unprecedented transition towards realizing its targets set for achieving Visions (2021 & 2041). Keeping pace with the economic growth, all out efforts have been undertaken in Power & Energy Sector. As Per successful implementation of PP 2021 and MDGs, the power and energy sector targets of PP2041 and SDG7 are reasonably expected to be realized in due course. The sector is moving towards achieving long term targets to ensure energy sustainability 33,000 MW plant generation capacity, maximum peak demand 29,300 MW (in 2030), and 56,734 MW plant generation capacity, maximum peak demand 51,300 MW (in 2041). This is an appropriate time to review the achievements so far. The main objective of this research paper is to analyze the performance of the energy sector over the last decade in order to identify the areas of weaknesses and challenges and to present a set of recommendations on long term sustainability. From methodological point of view, the current practice is to analyze a gap in the sector aimed at identifying weaknesses. Therefore, this study focuses on the following issues in the energy sector of Bangladesh’s to ensure the route of vision 2041: (i) Perspective Plan 2041 for Energy Sector in Bangladesh; (ii) Present status of Electricity Generation in energy sector of Bangladesh (iii) Energy Pricing and Policy in Bangladesh (iv) Major Initiatives in Energy Sectors of Bangladesh (v) Challenges faced by vision 2041 in energy sector of Bangladesh. Energy plays an important role in the development and security of any country, poverty eradication, economic growth and sustainable infrastructure. Therefore, future economic growth will depend significantly on the availability of electricity.
VL  - 11
IS  - 1
ER  -

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