May 26, 2022 10:24:09
An “Integrated Energy and Power Sector Master Plan” is expected to be ready by November this year.
The Institute of Energy Economics, Japan (IEEJ), a Japanese firm, gave such an indication when its team met with Minister of State for Power, Energy and Mineral Resources Nasrul Hamid at his office in ministry in the city on Wednesday, UNB reports.
The Tokyo-based consulting firm worked on preparing the integrated master plan following an agreement between the government of Bangladesh and the Japan International Cooperation Agency (JICA) signed on March 15, 2021.
Ichiro Kutani, the IEEJ team leader, informed that his company plans to submit a draft proposed integrated plan by October this year to facilitate an open discussion on this subject.
After a meeting with stakeholders, the integrated master plan will be submitted in November, he told the minister of state.
JICA Power and Energy Advisor Toshiyuki Kobayash and Bangladeshi Representative Taro Katsurai were present for the occasion.
Official sources said that for the first time, the government has decided to formulate an integrated master plan including both electricity and energy issues.
Previously, separate master plans were developed for the electricity sector and the energy sector and there was little coordination between the two sectors.
Nasrul Hamid told the YEIJ team that the integrated plan should be the basis for a sustainable infrastructure in the electricity and energy sectors that will ensure a balance between demand and supply under a effective management.
The energy mix strategy should reflect current and future energy sources. It should describe a pattern of consumption in different sectors, including agriculture, he added.
Official sources reported that the Ministry of Power, Energy and Mineral Resources (MPEMR) has decided to formulate the Integrated Power and Power Sector Master Plan with emphasis on the “3E+S” concept, after responding to suggestions from energy experts.
According to sources, the “3E+S” concept will be continued in the preparation of the new plan to ensure “energy security”, “economic efficiency” and “environment” while emphasizing “safety”. .
According to the contract, the Japanese firm is supposed to complete the formation of the plan within 30 months from the signing of the agreement.
JICA, which funded the entire project through its grant under an agreement with MPEMR, said that in view of the need for a long-term low-carbon energy policy, it would support the formulation of the integrated energy and electricity master plan. .
Official sources said that the JICA consultant will study the country’s 8th five-year development plan, the 2017 gas sector master plan, and revise the 2016 main power plant and other relevant policies/plans.
It will prepare economic development outlook and energy demand forecast to 2050 with emphasis on energy efficiency and conservation.