Bangladesh requires 34,000 MW electricity by 2030: ICCB

Smooth supply of energy is vital for economic development and achieving the US Sustainable Development Goals.

Bangladesh’s gross domestic product (GDP) is $455 billion now. ICCB expects the GDP to be $510 billion in fiscal 2022-23, according to Bangla media reports.

The country now has over 23,000 MW of installed power generation capacity with 100 per cent coverage. According to the Bangladesh Power Development Board, the surplus in power generation is around 8,000 MW, according to ICCB.

Biomass accounts for about 27 per cent of the primary energy and the rest is being met by commercial energy. Natural gas accounts for about 62 per cent of the commercial energy (with 8 per cent imported LNG) and imported oil accounts for the lion’s share of the rest.

ALCHEMPro News Desk (DS)