The very first stakeholder meeting on the formulation of an integrated master plan for the energy and power sector is due to take place at a hotel in the city on Tuesday.
According to official sources, the Japan International Cooperation Agency (JICA) is organizing the meeting to understand the current state of the sector and seek advice from different entities on the development of the future plan.
They said that JICA, which is funding the entire project through its grant under an agreement with the Ministry of Energy, Energy and Mineral Resources (MPEMR), will complete the formulation of the plan. integrated director of energy and electricity by December 2022 within 30 months. Contract.
READ: Desco’s Underground Wiring Plan Misses JICA Deadline For Its Own Fault
Tokyo-based consultancy Institute of Energy Economics, Japan (IEEJ), which was appointed a consultant for the project, has already started working following an agreement that the government of Bangladesh signed with JICA on. March 15 in this regard.
JICA’s official website said that the integrated energy and electricity master plan will mainly focus on the “3E + S” concept.
“We will pursue the ‘3E + S’ concept of ensuring ‘energy security’, ‘economic efficiency’ and ‘environment’ while focusing on ‘security’, JICA said, adding,” Account Given the need for a long-term long-term low carbon energy policy, we will support the formulation of the integrated energy and electricity master plan.
Prime Minister’s Energy Advisor Dr Tawfiq-e-Elahi Chowdhury will open the first session of the meeting while State Minister for Energy, Energy and Mineral Resources Nasrul Hamid will address at the closing session of the function.
Previously, JICA had provided financial and technical support for the formulation of all previous Power System Master Plans (PSMP) until 2016.
According to official MPEMR sources, for decades Bangladesh had prepared two separate master plans – one for the power sector and another for the power sector – where there had been many missing links and one lack of coordination leading to an imbalance between the energy and electricity sectors. growth.
READ: JICA to Implement Tk 882 cr Food Value Chain Development Project in Bangladesh
“But for the first time, we will formulate an integrated master plan focusing on the development of both sectors to support the current robust economic growth,” said Mohammad Hossain, Managing Director of Power Cell.
In the Existing Electricity System Master Plan (PSMP) 2016, around 60,000 MW of power generation was targeted by 2041 in which the primary fuel mixture set at 70 percent coming from coal and gas while the The remaining 30 percent will be covered by liquid fuel, renewables, nuclear and others.
Currently, the country’s power generation capacity is over 21,000 MW, of which around 50% of the electricity is produced from gas while less than 10% comes from coal. About 30 percent of electricity is produced from imported liquid fuel.