Pgcb in Bangladesh

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NORTH SOUTH UNIVERSITY
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EECS DEPARTMENT
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ASSIGNMENT 3
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“PGCB is a single power supplier”
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Prepared For
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Dr. M. Abdul Awal
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ETE 451.1
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Spring 2013
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Prepared By:
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Group: C
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Shah Baizid Arefin ID: 073 079 042
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S M Arifin Islam ID: 081776045
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Zulhaj Uddin Al Zubair ID: 082125045
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Md. Shikander Ali ID: 083433045
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Submission Date: 18th February, 2013
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Current Energy Landscape
The Government of Bangladesh through the Ministry of Energy and Mineral Resources (MEMR) bears overall responsibility for the power sub-sector in Bangladesh. Consumption of commercial energy per head in Bangladesh is one of the lowest in Asia, if not the world. A lack of commercially priced sources of electricity has been a major factor in deterring foreign investment hindering GDP growth. Per-capita generation of electricity was 110 kWh in 1997/98, according to Bangladesh Economic Survey, Ministry of Finance (2000). With about 22% of households receiving electricity, most commercial energy is consumed by industrial and residential customers. Frequent power failures due to inadequate maintenance continue to disrupt industrial production, water supplies and irrigation. In 2000, the currently installed capacity of public power plants as listed by the World Bank, is 3,300 MW, though actual daily generating capacity is often reduced to 2,400 MW, against a total daily demand of 2,675 MW to 2,725 MW. This usually results in extensive load shedding, which has now become a factor of daily life in Dhaka. The situation is worse outside the capital city. In 1999, there were some recorded 1,690 hours of load shedding. There is considerable foreign investor interest in the power sector. Contracts for four barge mounted power plants (BMPPs) with a total capacity of 470MW have already been signed and several other contracts are in the pipeline. A total of US$750 million of FDI in this sector is expected in the next three years, reflecting principally the external financing of imported power plants and auxiliary equipment. The estimated capital requirement for the power sector during the next five years is $5-6 billion. Since the Government of Bangladesh cannot finance the power system's expansion and development programs from their own resources, they are now seeking multilateral and bilateral assistance, as well as private sector investments for adequate and sustainable development of the power sector. The Power Development Board's Master Plan stipulates raising present generation capacity from 2900 MW to 10,000 MW by 2015. As part of the plan, about 2000 MW of power generation capacity is expected to be added by 2005 at a cost of $1.2 billion through foreign investment by Independent Power Producers (IPPs). At the suggestion of the Infrastructure Investment Facilitation Center (IIFC), the Government has recently agreed to...
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