With a likely aim to strengthen its power sector, reduce costs, and increase energy access, Bangladesh has announced ambitious plans to set up renewable energy projects.
The Bangladeshi Government has set a target to have 3,168 MW of renewable energy capacity installed by 2021. The Government also aims to have a 5% share of renewable energy in electricity generation by the end of this year, which is planned to increase to 10% by 2021.
The main focus of the the 3 GW capacity addition will be solar and wind energy technologies. The Government plans to add 1,740 MW of solar power and 1,370 MW of wind energy capacity by 2021, with the remaining balance to be largely made up of biomass-based power generation technologies. Less than 10 MW each will be added through biogas and mini-hydro power projects.
The Bangladeshi Power Division has also published a timeline for renewable energy capacity addition with yearly targets. Of the total capacity addition envisaged, a third will be added through state-owned companies, while the balance will be installed by private sector companies.
Demand for power in Bangladesh is more than its current capacity to generate. As a result, it is importing power from neighbouring India. The Bangladesh government is also in talks with Bhutan to import hydro power. Thus, renewable energy seems a completely viable option to ease the demand-supply situation.
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