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A few of Bangladesh’s largest energy vegetation are set to start operation by 2024, growing the nation’s put in capability by practically a 3rd or over 7,300 MW.
However this addition of latest electrical energy doesn’t appear like a superb improvement to economists and energy specialists fearful about a lot of the electrical energy remaining unused as a result of lack of transmission and distribution networks.
Bangladesh’s energy overcapacity might attain 70 per cent quickly, energy specialists predicted, in opposition to the truth that the common annual per capita electrical energy consumption within the nation is among the lowest even among the many South Asian nations.
‘Plainly the facility overcapacity burden will continue to grow till it triggers a complete financial collapse,’ stated economist Anu Muhammad.
Over 6,500 MW of the brand new capability to be added over the following two and half years would come from 4 energy vegetation — 1320MW Rampal energy plant, 1600MW Adani Godda energy plant, 1224MW Banshkhali energy plant and 2400MW Ruppur Nuclear Energy Plant.
The coal-based Rampal and Adani Godda energy vegetation have been scheduled to return into operation by August 2022 however their transmission traces wouldn’t be prepared till December, official sources stated.
The 1320 MW Payra energy plant has been solely half-used since coming into operation in 2020 additionally due to the shortage of transmission line.
Bangladesh’s present put in capability is 25,560 MW, which is scheduled to change into 32,888 MW in 2024.
The very best electrical energy era up to now was 14,782 MW, recorded on April 16, in response to Energy Growth Board knowledge.
The typical peak electrical energy consumption throughout summer season, nonetheless, is about 12,000 MW, which falls under 10,000 MW in winter.
‘Bangladesh invested greater than 3 times in increasing the era capability than what it spent on transmission and distribution over the previous decade,’ stated Bangladesh Working Group on Exterior Debt member secretary Hasan Mehedi.
The funding in transmission and distribution ought to have been 1.5 occasions of the funding in era, he stated, referring to the plans specified by the facility sector grasp plan formulated in 2016.
The cost for the unused energy capability, generally known as capability cost, within the outgoing monetary yr would stand at an estimated Tk 26,533 crore, in response to a report launched in March, a 101 per cent rise within the nation’s expenditure for unused energy in contrast with the earlier monetary yr.
The spending on unused energy would attain Tk 31,600 crore in FY23, with forecasts of it rising even additional thereafter, particularly with the start of the Ruppur plant in 2024.
The capability cost has elevated by an total 372 per cent up to now decade what economists blamed for the rise in energy worth by 98 per cent over the interval.
In April, the Bangladesh Power Regulatory Fee really helpful for one more spherical of improve in energy worth, this time by 58 per cent in a go.
The 1,320MW Rampal energy plant, a Bangladesh-India three way partnership, is prone to begin working round July, in response to Sayeed Akram Ullah, managing director, Bangladesh India Friendship Energy Firm Restricted.
‘The transmission line for evacuating energy from the Rampal plant might be prepared earlier than December,’ stated Golam Kibria, managing director, Energy Grid Firm of Bangladesh Restricted.
The ability plant is entitled to a capability cost of Tk 2,000 crore a yr as soon as it’s prepared for operation.
Authorities talked about plans of utilizing electrical energy generated by the Rampal plant in Khulna however the plan appeared unrealistic due to lack of demand.
The height electrical energy demand in Khulna area, in response to PDB knowledge, is 1,388 MW in opposition to an put in capability of two,388 MW.
A minimum of eight energy vegetation, receiving roughly Tk 1,000 crore in capability cost, positioned in Khulna area must be put out of operation to make use of electrical energy from the Rampal energy plant.
Khulna area even couldn’t use electrical energy produced by the 1,320MW Payra energy plant, which was paid Tk 1,996 crore in capability cost in FY21 for its unused capability.
A BWGED examine listed the Payra plant as the costliest energy plant in FY21, the monetary yr when the capability cost rose by a fourth in contrast with FY20.
The BWGED in its report noticed that the facility sector grew to become a instrument for transferring public cash into personal pockets.
The 1,600MW Adani Godda energy plant is scheduled to return into operation in August.
Situated in Jharkhand, India, the facility plant requires an extended cross-border transmission community for supplying electrical energy, which won’t be prepared earlier than January 2023, in response to the PGCB.
The yearly capability cost for the Adani Godda plant has been estimated at Tk 3,657 crore.
The federal government can be liable to pay 4–6 per cent curiosity on thousands and thousands of {dollars} borrowed for constructing these energy vegetation.
‘Electrical energy worth will rise much more regularly within the coming days,’ stated Customers Affiliation of Bangladesh power adviser M Shamsul Alam.
‘Folks will proceed to pay for corruption and fee enterprise within the energy sector,’ he stated.
The BERC has already really helpful for elevating the majority energy worth to Tk 8.16 from the present Tk 5.17 per unit. The retail unit energy worth is Tk 7.13.
A last determination on this proposed improve is probably going by August.
The rise in energy worth would render electrical energy produced in Bangladesh far costlier than electrical energy produced in nations comparable to India, Nepal and Bhutan – the place per unit electrical energy is produced at lower than Tk 5.
In 2021, the common annual per capita electrical energy consumption in Bangladesh was 488 kwh, decrease than Bhutan with 11,599 kwh, India with 1,218 kwh, Sri Lanka with 734 kwh, and Pakistan with 579 kwh, in response to Our World in Information, an UK-based on-line publication.
Bangladesh is barely forward of Nepal with 106 kwh per capita electrical energy consumption.
The typical annual per capita electrical energy use within the USA is 12,487 kwh and the UK 4,479 kwh.
Energy Division secretary Habibur Rahman justified the overcapacity on the grounds of diversifying the power combine for electrical energy manufacturing and safety.
‘Rental and fast rental energy vegetation are additionally being deserted for lowering capability cost,’ he stated.
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