'Consider downward revision of power generation plan'

News Desk
14 September 2020, Mon
Published: 09:52

'Consider downward revision of power generation plan'

Local think-tank Centre for Policy Dialogue (CPD), suggested the government to go for a downward revision of the existing Power System Master Plan (PSMP) 2016 as the existing overcapacity of power generation stands at 37 per cent.

CPD urged the government to move for increasing the stake of renewable energy in the PSMP putting extra emphasis on this alternative source of energy.

“In our calculation, it will be 47 percent in 2041. Even it may go up to 50 (percent) at that time when the country’s generation will reach 60,000MW as per PSMP,” Dr. Moazzem Hossain, director of CPD, told a briefing on ‘Abandoning Coal in Power Generation: Govt’s Initiative and Some Suggestions’ on Monday.

It also urged the government to take immediate initiative to renegotiate with the donor agencies, and investors of coal-fired power plants to transform their projects into renewable energy ones.         

The think-tank said the existing plans reveal 35 percent power generation will come from imported LNG (liquefied natural gas), some 35 percent from imported coal, 15 percent from renewable energy, 10 percent from nuclear energy and 5 percent from petroleum oil.

CPD Executive Director Dr Famida Khatun and distinguished fellow Dr Mustafizur Rahman also spoke on the occasion. 

Representational image

Dr Moazzem said that a maximum 15 percent overcapacity as reserve margin is kept as standard in power generation in developing countries while Bangladesh keeps it 25 percent.

“This is unrealistic,” he said. “But now that limit has crossed and it has been creating a huge cost burden on the state.” 

He said the government has already started thinking to revise the PSMP and contemplating stopping implementing some coal power plants now in pipeline. Prime Minister’s approval was sought for abandoning the 22 coal-based power plants having 23,236MW capacity, ‍according to UNB reports.

“This is a good initiative. But the government is thinking about setting up LNG-based power plants as an alternative to coal-fired plant which is not a pragmatic solution from cost and environmental point of view,” he said.

Moazzam said the government should move for renewable energy projects, especially solar power as the cost of it is coming down fast and it has already been proven to be least costly with its growing efficiency level.

“Now solar power’s efficiency level is found to be 47 percent in laboratory test. In future the efficiency will further increase,” he said.

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