The Power and Energy Sector of Bangladesh
The Power and Energy Sector of Bangladesh
Prepared by
Dr Khondaker Golam Moazzem
Research Director, CPD
Mohammad Ali
Programme Associate, CPD
(The paper is presented in a national dialogue on “Power and Energy Sector: Immediate Issues and
Challenges” organised by the Centre for Policy Dialogue (CPD) held on 10 March, 2019.)
10 March, 2019
Dhaka
The authors would like to register their deep appreciation to Ms Zareen Tasnim, intern, CPD for her able
research support.
1
Table of Contents
1. Background and Objectives of the Study ………………………………………………………………………………3
2. Energy and Power Sector Value Chains: Missing a Balanced Outlook! ………………………………….3
3. Demand for Electricity: How to Meet the Quality? ……………………………………………………………….4
4. Power Generation: Why Deviation from PSMPs? …………………………………………………………………7
5. Power Generation: How to Address the Concerns of Selected Power Plant Projects? ………….9
6. Efficiency in Power Generation: How Much the Concerns Addressed? ………………………….…..11
7. Primary Energy: How Much is Country’s Gas Reserve? ……………………………………………………….12
8. Primary Energy: Why Gas Exploration has been Facing Challenges? …………………………………..12
9. Energy Mix: Is it in the Right Direction? ………………………………………………………………………………15
10. Energy Mix: Will Imported LNG be the Solution? ………………………………………………………..………18
11. Energy Mix: How to Regulate LPG Market? ……………………………………………………………………..…21
12. Energy Tariff: When Will It Go beyond Administered System? ……………………………………………21
13. Governance: How to Address the Growing Concerns on Lack of Transparency, Corruptions
and Irregularities? ……………………………………………………………………………………………………..……….25
14. Concluding Remarks ………………………………………………………………………………………………..…………26
References …………………………………………………………………………………………….…………………………. 28
2
1. Background and Objectives of the Study
The power and energy sector is one of the success cases of the present government during its earlier
regimes. This has happened because of undertaking targeted initiatives over the last one decade with
a view to come out from the crisis of electricity in the country. The sector is moving towards attaining
long term goals for ensuring energy sustainability: 27,400 MW (in 2030), and 51,000 MW (in 2041)
(PSMP, 2016). It is the appropriate time to revisit the achievements till date.
The main objective of this paper is to analyse the performance of the power and energy sector over
the last one decade with a view to identify the areas of weaknesses and challenges and to put forward
a set of recommendations on long term sustainability. From methodological point of view, present
exercise is a gap analysis on the sector with a view to identify the weaknesses (Fig. 1). Most of the
data has been ccollected from the secondary sources such as Bangladesh Power Development Board
(BPDB), Petrobangla, Rural Electrification Board (REB), Bangladesh Economic Review and World Bank.
Besides, various newspaper reports (national and abroad) have been used as references. The structure
of the document is to highlight the key issues of concerns and to raise questions which need to be
answered. However, one of the limitations of the study is that some of the information collected from
the newspaper reports which have been used in the report as references need cross-checking.
3
the primary energy sector which include gas (LNG), coal, petroleum and renewable did not get proper
attention. The primary energy sector might got neglected and individual value chains rather missed a
balanced outlook.
4
expansion of less-energy-intensive export industries, such as RMG sector. The power sector has been
able to come out from the period of crisis (SREDA, 2016).
The equity aspects of demand for power is still a major concern. Government has undertaken ‘Upazilla
100% Electrification Program’ under which 256 upazillas have been electrified by September, 2018
(Fig: 4). Another 63 upazillas were targeted to be electrified by December, 2018 and the rest 142
upzillas to be covered by December, 2019. Poor quality of electricity supply affects the economic
activities of different parts of the country. According to the newspaper report, frequent outages of
electricity outside major cities severely affect economic activities in districts such as Rangpur, Barisal,
Bhola, Rajshahi, Noakhali, Narail, Natore, Bagerhaat, Naogan, Rajbari, Sylhet and Bogra. The quality of
electricity supply is measured by standard power factor. Due to poor power factor, the distribution
companies were penalized. For example, the Dhaka Power Distribution Company Limited (DPDC) were
faced power factor charges (PFC) (fine) by about Tk.841 crore during 2013-17 due to failure to
maintain the standard. According to the anecdotal information, foreign investors who invested in
electricity-intensive manufacturing industries expressed their concerns about poor quality of
electricity.
5
Based on the above discussion, a number of queries could be raised to the concerned ministry
Source: REB
The future demand for electricity in the country will be changed. According to the Power Sector
Master plan (PSMP) 2016, the structure and composition of electricity demand will be changed with
the changes in economic activities (Fig 5). There is significant rise in demand in industry and
commercial and public services (e.g. special economic zones; metro rails and other services). The
projected peak electricity demand in coming years (base case) would be 14,500 MW (in 2021), 27,400
MW (in 2030), and 51,000 MW (in 2041) respectively (PSMP, 2016). According to the Power Sector
6
Efficiency Master Plan, government has set the target to improve energy intensity by 20 per cent by
2030 compared to the 2013 level (SREDAA, 2016). Overall, addressing the future demand will need a
shift in the demand management. More focus is needed to put on quality of electricity and is required
to put emphasis on improvement of users’ efficiency.
How the power division is working on long term improvement of quality of electricity and
users’ efficiency?
The predominance of the public sector in electricity generation has been gradually eased. According
to Table 2, the share of total electricity generation capacity by the public sector power plants is about
59 per cent while the rest 41 per cent is generated by the private sector including those of the IPPs
1
The selected transmission line related projects under ADP FY2018-19 include capacity increase and
rehabilitation of Uttara and Bashundhara 132/33/11KV sub-station by DESCO; transformation, capacity
increment and establishment of existing 33KV overhead line into underground cable in DESCO area (01.07.2016-
30.06.2019); Construction of new 132/33KV and 33/11KV sub-station under DPDC (01.07.2013-30.06.2019);
Matarbari ultra super critical coal fired power project(2) PGCB part: Matarbari-Madunaghat 400KV transmission
line (01.07.2017-31.12.2020); Power grid network strengthening project under PGCB (01.10.2016-30.06.2021);
Construction of Patuakhali-Payra 230KV transmission line project (01.01.2017-30.06.2019); Aminbazar-Mawa-
Mongla 400KV transmission line (01.07.2016-30.06.2020); construction project of Patuakhali (Payra) Gopalganj
400KV transmission line and Gopalganj 400KV grid sub-station (01.01.2017-31.12.2019)
7
and QRRs. In other words, private sector is gradually becoming the major player in power generation.
Within the power sector, the number of small scale IPPs has been growing with average generation
capacity of 67 MW. There are as many as 20 quick rental power plants are in operation with a
generation capacity of about 1745 MW. This implies that quick rental power plants are still
contributing a significant portion of electricity generation (12%) in the country. According to the
newspaper reports, few more new QRRs are being commissioned.
Why large scale power plants under the public sector could not be commissioned much?
Why QRRs are still continuing their operations?
Why some new QRRs are commissioned?
According to the PSMPs, a major share of primary energy had been planned to be supplied from coal
and renewables, and lesser use of gas and petroleum. There are differences in PSMPs and generation
of electricity in number of accounts in terms of sources, fuel use and technology use. In fact, the
energy mix has been changing but not that level as stipulated in the PSMPs. Natural gas is still playing
a major role as primary energy; followed by HFO and HSD (Table 4). No major breakthrough in the use
of coal. Renewable energy is still playing an insignificant role. Besides, there are changes in the use of
8
technology in electricity generation. According to the analysis of data, use of gas and steam turbine in
power plants are less while use of combined cycle power plants are growing (Table 5).
How much deviation from the PSMP 2016 is being expected with regard to sources of primary
energy, fuel use and technology use?
9
energy by retired QRRs. BPC borrowed US$1.0 billion from ITFC to accommodate the additional fuel
import bill.
Based on the above discussion, a number of questions can be raised regarding QRRs:
Despite significant underutilization of grid capacity, what is the relevance for extending the
timeline of QRRs?
Were there scopes for further negotiation to reduce the tariff of QRRs (considering the zero
fixed cost)?
Is there scope not to give extension to HSD based QRR plants (Tk.23.64 to Tk.31.66)?
Can the capacity charges be better negotiated in order to reduce the cost?
What is the exit plan of the costly QRRs? and
Is the government encouraging setting up new QRRs?
Whether the existing cost for Rooppur Nuclear Power Plant is justifiable?
Will the cost escalate further? What would be the final cost?
Will the permanent transfer of spent fuel from Bangladesh be ensured under the IGA?
10
be undertaken with regard to transportation of coal and monitoring the pollution (e.g. levels of
nitrogen oxide and sulphur dioxide).
Did the government undertake SEA survey as part of the suggestion of the UNESCO?
Despite having so much concerns, why the coal fired power plant is being set up in such a
sensitive area?
Did the new power plants set up after taking clearance from the environment authority?
Given the scarcity of land, how to avoid land disputes for setting up power plant?
Can the new plants adequately ensure health and environment safety concerns of the locality?
11
Figure 6: Cost for Electricity Generation (Tk/kwh)
12
10
8
6
4
2
0
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Source: BPDB
12
Shahbazpur (two wells) with depts. Of 3 to 4 thousand meters. However, completed those works by
contracted out to the sub-contractors.
The question is: Wouldn’t the Ministry contracted out to an interested party at a better deal
if it did not intend to contract out to BAPEX?
In September, 2015, two supplementary agreements for construction of five wells were signed with
the Gazprom (one well at Srikail and one well at Bakhrabad fields). According to the newspaper report,
two contacts for Shahbazapur and Bhola costs in excess of Tk.115 crore depriving BAPEX with its
lowest bids. BAPEX detected the above-mentioned gas fields through seismic surveys but was not
awarded the contacts. Why? BAPEX carried out a 600-KML 3D seismic survey across Bhola region and
got some positive signs of gas with the final report of the survey. After the completion, Bapex designed
two wells—at Shahbazpur East 1 and Bhola (North)—with a budget of Tk 156 crore. BAPEX was hopeful
as they were planning to drill the location, which has bright prospects. Gazprom got the unsolicited
contract of the drilling of the Shahbazpur East-1 and Bhola (North) wells. It has given waiver even if it
is responsible for any damage to the gas reserves due to any blowout or other accidents while drilling
wells in different gas fields. The state-run companies will have to pay the cost of new drilling
equipment if those are damaged in any accident while Gazprom drills gas wells. In the first two lots,
Gazprom drilled a total of 15 wells at different gas fields at a cost of $19 million per well which is more
than double the cost at which BAPEX itself could do the same job. The outcome of the 15 wells drilled
by Gazprom was poor which put the policymakers in a tight corner in managing supply of primary
energy in the country.
The cost of drilling the two wells at Bhola was reduced to $33.2 million which was much less
than previous contracts with Gazprom. But the cost was still more than 80 per cent higher than the
cost BAPEX would take for doing the same job. According to a newspaper report, BAPEX plans to form
a joint venture company with Gazprom to conduct both onshore and offshore oil and gas exploration
activities as part of becoming an international standard company to explore both at home and abroad.
But so far, Bangladesh has made no major breakthrough in offshore gas exploration after settlement
of maritime boundary disputes with Myanmar in March 2012 and with India in July 2014. In the four
awarded offshore blocks, the shallow blocks SS-11, SS-04, SS-09 were awarded in 2014 bidding round
while the only deep sea block DS-12 was awarded in 2017 under a special initiative. Indian joint
venture company ONGC Videsh-Oil India obtained the shallow blocks SS-04 and SS-09 while Santos-
Kris Energy JV got the block SS-11. The only deep sea block was awarded to South Korean Posco-
Daewoo Corporation in 2017 through inviting expression of interest (EOI).
The Energy Division took its first move for conducting the multi-client seismic survey about four years
back. In 2015, the Petrobangla planned to conduct 8,300 square kilometres 2D and 3D seismic surveys
by 2018 in order to confirm more oil and gas reserve in the land. Five international companies
submitted tender documents for conducting a 2D multi-client seismic survey to hunt for offshore
hydrocarbon reserves of Bangladesh`s areas. Five companies are: Norway-US joint venture TGS-
NOPEC and Schlumberger, Chinese company BGP, Russian Dalmorneftegeophysica (DMNG) and
Marine Arctic Geological Expedition (MAGE) and UK Based Spec Partners Ltd. During the first bidding,
a government evaluation committee recommended the Energy and Mineral Resources Division to sign
a deal with a Norway-US joint venture company TGS-NOPEC and Schlumberger to conduct the survey.
Again the energy ministry took a fresh move for the multi-client seismic survey. Subsequently,
Petrobangla selected an international firm to assess hydrocarbon potentials in the country's offshore
gas blocks. But after selection of the international firm through tender process, the process has been
discontinued from the directives above.
13
Figure 7: Onshore and Offshore Gas Blocks of Bangladesh
Why the Petrobangla frequently changed its decision in terms of ensuring long term primary
energy supply?
Why local company did not get the onshore block contact despite offering lowest bid?
14
The government is updating the Model Production Sharing Contract (Model PSC) to invite a new round
of international bidding for oil and gas exploration in the country's offshore blocks in 2019. It is now
planning to award the country's offshore seismic survey work to Russian company Gazprom under
government to government (G2G) initiative. The survey will be conducted in 22 offshore blocks out of
26 in the Bay of Bengal. The minimum cost for the survey, covering 35,000 line kilometres, will be
between US$ 30 million and $35 million.
Does the indecision, delay and favour to certain company in gas exploration and related
activities, indicate the inefficiency of the energy division or influence to favour some
companies?
Why Bangladesh is unsuccessful in exploring gas in the blocks of the Bay of Bengal when
Myanmar and India identified gas reserves and explored gas from there?
15
Table 9: Reserve and Production of Barapukuria Coal Mine as of 31 march 2017
Reserve in Million Mt
Coal Initially Place (Proven + Probable) 346.71
Total Reserve of Seam VI 285.41
Recoverable from Seam VI Central part(Proven + Probable) 16.5
Coal Production in March 2017 0.04
Cumulative Production as of March 2017 8.88
Remaining Reserve 7.62
Source: Mines and Minerals Development Report
16
2016-17 587 513 348
2017-18 825 632 795
Source: BPDB, Power Division
Table 12: Electricity generation plan from Renewable energy source (MW)
Technology Achievement up to 2016 2018 2019 2020 2021 Total
Solar 200 350 250 300 250 1470
Wind 2.9 150 350 300 300 1153
Biomas 0 6 6 6 6 30
Biogas 5 0.5 0.5 0.5 0.5 7
Hydro 230 1 1 2 2 236
Total 437.9 507.5 607.5 608.5 558.5 2896
Source: SREDA (Retrieved on 9 March 2019)
IDCOL has been implementing biogas program in Bangladesh since 2006 with support from the World
Bank, KfW Development Bank and SNV Netherlands Development Organization. Till November 2018,
17
IDCOL has financed construction of over 48,800 biogas plants all over the country through its 42
partner organisations. IDCOL finances plants with daily gas production capacity ranging from 1.2 m3
to 25.0 m3 thereby meeting demand of both domestic households and mid-sized dairy and poultry
farms. IDCOL currently finances two models of plants: brick-cement based plants and fiberglass bio-
digester based plants.2
10. Energy Mix: Will Imported LNG be the Part of the Solution?
Bangladesh currently faces a shortage of 1 billion cubic feet gas a day (bcfd), while the demand is
around 3.7 bcfd. Considering the overall situation, the government signed the deal with Qatar to
import 2.8 million tons per year of LNG annually for the next 15 years. The price is set at 12.5% of the
three-month average of Brent, plus an additional $0.5 per unit (1 MMBTU).
The Floating Storage and Regasification Unit (FSRU), owned by US-based Excelerate Energy
Bangladesh Ltd, carried 133,000 cubic meters (CM) of lean LNG, has been set up in 2017. The delivery
came in line with a sales and purchase agreement, inked on September 25, 2017. The LNG, after being
re-gasified, is injected from the FSRU to the 91km pipeline linked to the national network in Anwara
upazila of Chittagong. In a recent development, the government would soon open the import of
liquefied natural gas (LNG) to the private sector, enabling them to sell the fuel to clients of their choice.
The price of LNG or regasified LNG would be determined by the private importers themselves.
2
The program saves 47,000 tons of firewood ever year worth USD 3.9 million and also reduces the use of
41,500 tons of chemical fertilizer worth USD 9.8 million by producing 290,000 tons of organic fertilizer. The
program also reduces 187,000 ton CO2 consumption per annum. IDCOL has a plan to install 100,000 biogas
plants in Bangladesh.
18
The government is planning to scrap building additional floating liquefied natural gas (LNG) import
terminals in favour of land-based stations. Adverse weather is making it difficult to operate the
country's sole floating storage and regasification unit (FSRU). A second FSRU project, operated by
Summit Corp with Japan's Mitsubishi Corp as a partner, is expected to start operations in March next
year, doubling the country's import capacity to 7.5 million tonnes a year. Scrapped FSRU projects will
include a project by India's Reliance Power and another by a consortium comprising Hongkong
Shanghai Manjala Power and Malaysia's Petroliam Nasional Bhd. While upfront capital costs for
land-based terminals are more expensive, operating costs for FSRUs are more because of potentially
high charter rates for the ships. Rupantarita Prakritik has short-listed five companies for a proposed
land-based terminal that can import 7.5 million tonnes per year of LNG. These companies are-
Japan's Mitsui, Osaka Gas and JERA, and two other Korean companies. The terminal could be built at
Matarbari in Cox's Bazar, though the details are not yet found.
Based on the discussion, a question can be raised.
Will the cost of LNG supplied from land-based terminal would be higher than that of FSRU?
According to a newspaper report, the government is planning to import 200 mmcfd of liquefied
natural gas (LNG) from India through cross-border gas pipeline by 2021. The two countries will bear
the cost of gas pipeline installation on their respective sides and the supply line will enter Bangladesh
through Satkhira border. Bangladesh has already discussed the financing issue with Asian
Development Bank (ADB) for installation of the gas pipeline. PetronetNSE LNG Ltd, India's biggest
liquefied natural gas importer, has submitted a firm proposal to set up an LNG import facility in
Bangladesh at an investment of about USD 1 billion. Petronet had last year signed a MoU with
Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG at Kutubdia in
Cox's Bazar and lay a 26-km pipeline to connect it to the consumption markets.
Would Bangladesh be able to receive lower price for imported LNG from India compared to
that with Qatar? (It is reported that an Italian company proposed to provide lower price LNG
than Qatar).
The inclusion of LNG in country’s energy mix would significantly increase the average tariff rates for
gas (Table 15). Consequently it would increase the power tariff to be based on imported LNG.
According to Professor Khan, the rise in gas tariff would depend on what would be principle for cost
adjustment to be used and how the additional costs to be adjusted in the overall energy mix. Under
different estimates (without any pass on mechanism) the retail gas tariff would increase from as low
as Tk.7.17 per m3 in 2018 (if p=BERC) to as high as Tk.36.12 (if p=MC) in 2018. Considering the possible
options of passing on the mechanism (from 25% to 100%) the adjusted tariffs would be as low as
Tk.7.54 in 2018 (BERC) to as high as Tk.36.12). Considering the capacity of different categories of
consumers, the government needs to consider a viable option in combination of pass on, subsidy and
scope for alternate source of primary energy in the energy mix.
Will it be possible to provide a long term energy tariff plan by the ministry for necessary
preparedness about energy use?
19
Table 15: Possible Adjustment of Gas Tariff with the Inclusion of Imported LNG in the Country: 2018-
2023
The imported LNG in the long run is supposed to be conditioned with availability of natural gas from
domestic wells, use of domestic coal reserve and price of petroleum etc. It is expected that any
estimate of future demand of LNG will properly consider those possibilities. Since cost of LNG is higher
than other primary energy, an exaggerated estimate of LNG requirement would cause higher fiscal
burden in the long run. According to an international consulting company, Bangladesh would require
an import of around 30 million tonnes of LNG per year to meet the growing local demand by 2041.
The regasified LNG would be used to feed sectors like industries, power and fertiliser plants. The
country's existing gas reserves of around 12 trillion cubic feet will run out by 2038 if no new
exploration and discovery takes place. Bangladesh's current natural gas production from domestic
fields is hovering around 2,750 mmcfd against the demand of around 4,000 mmcfd, according to
Petrobangla. By 2041, the demand for natural gas would be around 8,000 mmcfd, according to the
state-run corporation.
20
11. Energy Mix: How to Regulate LPG Market?
There are 13 companies are in operation in the LPG market. Another seven (7) companies are in
pipeline with an expected investment of Tk.1500 crore. However, 11 LPG companies are running their
businesses without government approval. Total gaz and LAUGFS Gas Bangladesh (formerly known as
Petredec Elpiji) are the two foreign players in the field. In total about 60 companies have so far
obtained primary approval from the ministry to run LPG businesses. During 2017, total consumption
of LPG was 6.84 lakh tonnes. Of the quantity, major portion of gas has been imported and only a
marginal part was supplied from different government factories as by-products. As part of G to G
initiative, Bangladesh and Dubai-based Emirates National Oil Company (ENOC) agreed to conduct a
feasibility study on setting up a liquefied petroleum gas (LPG) terminal in the country.
The main market for LPG is in Dhaka and Chittagong districts. Selling LPG to semi-urban and rural areas
has not yet grown. There is big gap between production cost and retail price of LPG. A tonne of gas
yields 83 12-kg cylinders. The production cost of a 12-kg cylinder gas stands at Tk 610. Companies sell
the gas at Tk 750-Tk 780 to wholesalers, who then sell it to consumers at about Tk 1,000. Currently,
cylinders with 12kg of LPG are selling at Tk 1,100 in cities, while customers in rural areas are charged
Tk 50-100 more for the same quantity of gas. Bangladesh Energy Regulatory Commission (BERC) has
yet to take any measures to fix the retail tariff.
Using expired LPG cylinders poses great risks. Lax government supervision and lack of proper
regulations are the reason behind the rampant use of these cylinders, which are most likely expired.
LPG cylinders that are imported by the state-owned LP Gas Limited, a company under Bangladesh
Petroleum Corporation (BPC), have the lifespan of 15 years as per the global standard. Lack of
awareness among the consumers make the matter worse. Gas cylinders in 250,000 CNG-run vehicles
are not generally tested.
21
01.09.2015 - - 190.86 321.68 182.6 236.73 764.55 198.22 600 650
4
01.03.2017 84.67 74.76 205.01 402.1 196.2 254.29 849.5 257.68 750 800
4
01.06.2017 89.48 76.74 219.74 482.52 210.1 272.41 906.14 317.15 900 950
1
01.09.2017 89.48 76.74 219.74 482.52 210.1 272.41 906.14 257.68 750 800
1
% change 12.1 5.2 32.4 80.0 26.6 130.3 221.0 76.2 87.5 77.8
Source: Accounts Division, Petrobangla
Tariff of primary energy used for power generation is widely differ between sources. Changes in tariffs
is lower in case of gas compared to that of other energies (Table 17). Keeping the natural gas price
very low compared to the market rate for the sake of supplying it at the power plants have distorted
the natural gas market. Electricity tariff for different categories of economic activities needs to be
justified. Tariff of low voltage electricity users particularly SMEs is higher than those of high voltage
electricity users although changes in tariffs over the years were lower for the former (Table 18, 19 and
20). Hence, there would have a possible repercussion when the supply of natural gas will be over for
the power plants and it needs to depend on high price other primary energy. There will be a serial
effect on energy tariff in all categories of enterprises.
High Speed Furnace oil (TK./ Natural Gas (TK./ Coal (USD/M
Diesel Oil (Tk/Lit) Lit) 1000 Cft) Ton)
01.08.09 42.71 26 79.82 71.5
01.07.10 42.71 26 79.82 86
05.05.11 46 42 79.82 86
01.01.12 61 60 79.82 86
01.02.12 61 60 79.82 105
04.01.13 68 60 79.82 105
01.05.15 68 60 79.82 130
24.05.16 65 42 79.82 130
01.03.17 65 42 84.65 130
01.06.17 65 42 89.46 130
% change 52.2 61.5 12.1 81.8
Source: Bangladesh Power Development Board
Table 18: Electricity Tariff for Using Low Voltage (LT): 230/400 Volt (Tk./KW)
22
Source: Bangladesh Power Development Board
Table 19: Electricity Tariff for Using Extra High Voltage (EHT): 132 KV (Tk./KW)
Tariff of petroleum products have been also kept low for the sake of using it in the power plants (Table
20 and 21). To meet the loss of the BPC for importing petroleum products at higher import price,
government has provided subsidy over the years. Between 2009 and 2015, a total of Tk. 31586 crore
has been provided to BPC as subsidy (Table 22). Since 2009, a total of Tk.89300 crore has been given
as subsidy to PDB, BPC and Petrobangla to manage the loss caused for administered market price
(lower than the market rate). Highest subsidy has been given to PDB (Tk.52718 crore) followed by BPC
(Tk.31586 crore). There needs to have a review on loans and subsidy provided to different public
agencies. The rationalization of energy subsidy needs to be examined.
SBPS 89 20/02/2017
MTT 69 20/02/2017
JBO 90 29/12/2015
LDO 68 11/1/2013
23
FO (Furnace Oil) 42 1/4/2016
Source: Bangladesh Petroleum Corporation
Table 22: Loans and subsidy to the energy sector (Crore Tk.)
FY09 FY10 FY11 FY12 FY13 FY14
FY17 FY15
FY18 FY16FY19 Total
(revised) (budget) (planned) (FY09-
19)
PDB 1007 994 4000 6357 4486 6100 8980 2794 5500 6000 6500 52718
BPC 1500 900 4000 8550 13558 2478 600 0 0 0 0 31586
Petrobangla 2000 3000 5000
Total 2507 1894 8000 14907 18044 8578 9580 2794 5500 8000 9500 89304
Source: Bangladesh Petroleum Corporation
Energy tariff in the future will largely be influenced by the extent of use of LNG in the energy sector.
Different estimates present the possible rise of energy prices in the future (Table 23 and 24). Energy
tariff is heavily influenced by the subsidy provided to different agencies in the energy sector. The
future energy tariff will be determined by how much of the costs to be passed through the consumers.
If the full cost is not passed through the consumers, the demand for subsidy will increase in the future.
The tariff in the energy sector is heavily influenced by the tariff in the power sector.
24
Based on the discussion, several questions can be raised.
How the issue of equity will be taken into account while tariffs of energy and power
will need to make significant upward adjustment?
How the rising tariff burden to be passed on to different sectors including household,
agriculture, industry and services?
Table 25: Public Expenditure in the Power and Energy Sector (in crore Taka)
Divisons Year Non-Development Development Total
Expenditure Expenditure Expenditure
25
2013-14 35 1832.38 1867.38
2014-15 33 1879.71 1912.71
2015-16 51 2008.34 2059.34
2016-17 43 2435.90 2478.9
2017-18 95 1346 1441
2018-19 165 1820 1985
Total (FY10-FY19) 748 16055.8 16803.8
Source: BER-2018
No information is found with regard to reasons behind discontinuation of earlier selected firms for
seismic surveys, selection of a firm under G-G contract, ignoring BAPEX as lowest bidder and providing
the contract to a foreign company which costs a significant loss, lack of transparency in nuclear deal
with regard to terms and conditions and taking back solid waste from Bangladesh, ignoring huge public
outcry about the site selection for Rampal power plant on environmental concern, lack of clear
direction about long term plan on the use of coal reserve when imported coal has been used in power
plants and other purposes.
The growing fiscal burden due to changing energy-mix needs to be handled with due caution. This is
related with decision to close down/setting up high-cost HFO based power plants, LNG based power
generation, better understanding of domestic gas reserve, plan for using domestic coal, import of
electricity/LNG/petroleum from neighboring countries and possible scope of renewable energy.
As an institution, BERC has been playing limited role in setting energy prices, particularly in tariff
rationalisation process, equity in energy staff and initiatives towards ensuring market-based
operations.
It is high time to pay attention to the primary energy sector particularly domestic gas and coal. There
should have a clear idea about the gas reserve of the country, which should be done immediately.
Government should make it clear about the plan to use domestic coal reserve. The environmental
concerns of coal based power plants particularly Rampal power plants would be politically costlier.
The predominance of power sector value chain over primary energy value chains needs to be gradually
reduced. Initiatives must be taken to make the primary energy value chain independent.
The energy and power sector needs to keep balance in number of accounts. These are:
26
c) Balance between overdependence on a single company in terms of power generation and
other activities
d) Balance between overdependence on a single source in terms of generation, transmission
and distribution in the power and gas sector
e) Balance between domestic supply and import of energy and power from neighboring
countries
There should be gradual withdrawal of all sorts of inefficient activities. For example, operation of quick
rental power plants, HFD based power plants, replacing low capacity/high cost power plants and
renegotiating terms and conditions of payment for QRR power plants. Energy-mix should ensure
supply of energy and power at reasonable tariffs and with good quality. Priority should be given on
using domestic resources including gas, coal and renewable energies.
There should have a gradual shift in energy tariff setting mechanism from administered tariff to
market-based tariff. For example, energy tariff should not be biased towards power sector; on the
other hand, the equity issue needs to be taken into account in case of SMEs, agriculture, low-income
households. As an institution, BERC needs to be independent in taking decisions.
Future demand for power and energy needs to be addressed based on the master plan. For example-
the frequent deviation from the plan weakens confidence on government’s plans. Efficiency in
electricity use needs to be improved as per the plan. A proper plan is required in the use of subsidy;
similarly providing fiscal incentives to particular companies need to be justified. The possible debt
burden due to setting up costlier power plants as well as meeting the huge import bill for import of
raw materials (petroleum, LNGs) for power plants needs to be taken into account.
The governance in the power and energy sector institutions needs to be strengthened further. For
this, irregularities and corruption in different corporations and associated companies need to be
controlled and more transparency is expected in case of signing contracts at local and international
level both at G-G and G-B levels.
27
References
A2 Global Risk (2019, March 09). Coal, power and violent protest in Bangladesh. The A2 Global
Risk. Retrieved from: https://www.a2globalrisk.com/analysis/asia-pacific/coal-power-
and-violent-protest-in-bangladesh/
Bangla Tribune. (2018, September 26). Bangladesh may rethink LNG import deal with Indonesia.
The Bangla Tribune. Retrieved from:
http://en.banglatribune.com/business/news/14299/Bangladesh-may-rethink-LNG-
import-deal-with
Bangladesh Bank and National Board of Revenue (2019), Government of the People’s Republic of
Bangladesh.
Bangladesh Petroleum Corporation. (2019). http://www.bpc.gov.bd/
Bangladesh Post. (2018, November 19). Russian Gazprom to drill 3 wells. The Bangladesh Post.
Retrieved from: https://www.bangladeshpost.net/russian-gazprom-to-drill-3-wells/
Bangladesh Post. (2018, October 1). NBR waives duty on LNG import. The Bangladesh Post.
Retrieved from: https://www.bangladeshpost.net/nbr-waives-duty-on-lng-import/
BER. (2018). Bangladesh Economic Review. Finance Division, Ministry of Finance. Government of
the People's Republic of Bangladesh.
BERB (2019). Annual Report 2017-18. Dhaka: Bangladesh Rural Electrification Board. Retrieved
from:
28
http://reb.portal.gov.bd/sites/default/files/files/reb.portal.gov.bd/page/8596cfe6_8cde_
4643_acb1_68cd973e413c/AnnualReport_2017-18_Part_1.pdf
BPDB. (2018). Annual Report 2017-18. Dhaka: Bangladesh Power Development Board. Retrieved
from:
http://www.bpdb.gov.bd/bpdb_new/resourcefile/annualreports/annualreport_1542104
191_Annual_Report_2017-18_2.pdf
BERB. (2018). Annual Report 2017-18. Dhaka: Bangladesh Rural Electrification Board. Retrieved
from:
http://reb.portal.gov.bd/sites/default/files/files/reb.portal.gov.bd/page/8596cfe6_8cde_
4643_acb1_68cd973e413c/AnnualReport_2017-18_Part_1.pdf
Business & Human Rights Resource Centre (2019, March 09). Bangladesh: 4 killed in clash over
setting up power plant, company denies involvement. The Business & Human Rights
Resource Centre. Retrieved from: https://www.business-
humanrights.org/en/bangladesh-4-killed-in-clash-over-setting-up-power-plant-
company-denies-involvement
Climate Home News. (2017, February 09). Bangladesh bets on coal to meet rising energy demand.
The Climate Home News. Retrieved from:
https://www.climatechangenews.com/2017/02/09/bangladesh-bets-on-coal-to-meet-
rising-energy-demand/
Compelo. (2019, March 03). Rosatom starts installation of core catcher at Rooppur nuclear power
plant. Retrieved from: https://www.compelo.com/energy/news/rosatom-starts-
installation-of-core-catcher-at-rooppur-nuclear-power-plant/
Daily Industry. (2018, December 29). Govt seeks to control LPG price and accidents. The Daily
Industry. Retrieved from: http://www.dailyindustry.news/govt-seeks-control-lpg-price-
accidents/
Daily Industry. (2018, September 14). Indian co begins talks with BD for coal exploration. The
Daily Industry. Retrieved from: http://www.dailyindustry.news/indian-co-begins-talks-
bd-coal-exploration/
Daily Industry. (2019, February 19). India plans to re-export LNG to Bangladesh. The Daily
Industry. Retrieved from: http://www.dailyindustry.news/india-plans-re-export-lng-
bangladesh/
Daily Sun. (2015, April 26). Govt to conduct 8,300sqkm 2D, 3D seismic survey by 2018. The Daily
Sun. Retrieved from: http://www.daily-sun.com/post/27493/Govt-to-conduct-
8300sqkm-2D-3D-seismic-survey-by-2018-
Daily Sun. (2017, March 13). 4 rental power plants may get another 5-yr extension. Daily Sun.
Retrieved from: http://www.daily-sun.com/post/211894/4-rental-power-plants-may-
get-another-5yr-extension
Daily Sun. (2018, August 17). No worries over disposal of radioactive waste. The Daily Sun.
Retrieved from: https://www.daily-
sun.com/printversion/details/330039/2018/08/17/No-worries-over-disposal--of-
radioactive-waste-
29
Dawn. (2017, September 14). Bangladesh to sign 15-year LNG import deal with Qatar. The Dawn.
Retrieved from: https://www.dawn.com/news/1357485
Dhaka Tribune. (2016, August 23). Use of expired LPG cylinders on the rise, poses great risks. The
Dhaka Tribune. Retrieved from:
https://www.dhakatribune.com/uncategorized/2016/08/23/use-expired-lpg-
cylinders-rise-poses-great-risks
Dhaka Tribune. (2017, August 31). Tenure of two quick rental power plants to be extended. The
Dhaka Tribune. Retrieved from: https://www.dhakatribune.com/bangladesh/power-
energy/2017/08/31/quick-rental-power-plants-extended/
Dhaka Tribune. (2017, January 08). Protests held globally against Rampal plant. The Dhaka
Tribune. Retrieved from:
https://www.dhakatribune.com/bangladesh/environment/2017/01/08/protests-held-
globally-rampal-plant/
Dhaka Tribune. (2017, March 18). Russia to take back radioactive waste of Rooppur power plant.
The Dhaka Tribune. Retrieved from:
https://www.dhakatribune.com/bangladesh/power-energy/2017/03/18/dhaka-
moscow-approve-spent-nuclear-fuel-draft-deal/
Dhaka Tribune. (2018, April 28). Nasrul: 11 LPG companies running business without govt
approval. The Dhaka Tribune. Retrieved from:
https://www.dhakatribune.com/business/2018/04/28/nasrul-11-lpg-companies-
running-business-without-govt-approval
Dhaka Tribune. (2018, August 20). Bangladesh enters the LNG era. The Dhaka Tribune. Retrieved
from: https://www.dhakatribune.com/business/2018/08/20/bangladesh-enters-the-
lng-era
Dhaka Tribune. (2018, August 26). Bangladesh moves to go for auction to explore offshore gas.
The Dhaka Tribune. Retrieved from:
https://www.dhakatribune.com/bangladesh/power-energy/2018/08/26/bangladesh-
moves-to-go-for-auction-to-explore-offshore-gas
Dhaka Tribune. (2018, December 14). ‘No govt plan to fix LPG prices’. The Dhaka Tribune.
Retrieved from: https://www.dhakatribune.com/bangladesh/power-
energy/2018/12/14/no-govt-plan-to-fix-lpg-prices
Dhaka Tribune. (2018, January 21). Little progress in large coal-fired power plant projects. The
Dhaka Tribune. Retrieved from:
https://www.dhakatribune.com/business/2018/01/21/little-progress-large-coal-fired-
power-plant-projects/
Dhaka Tribune. (2018, July 22). Barapukuria power plant shut down after 142,000 tons of coal
disappear. The Dhaka Tribune. Retrieved from:
https://www.dhakatribune.com/bangladesh/nation/2018/07/22/coal-shortage-puts-
barapukuria-power-plant-in-jeopardy
DownToEarth (2015, August 17). Long march against coal-fired power plant in Bangladesh. The
Down To Earth. Retrieved from: https://www.downtoearth.org.in/news/long-march-
against-coalfired-power-plant-in-bangladesh-42292
30
EJAtlas. (2019, March 09). Banshkhali coal power station, Chittagong, Bangladesh. The
Environmental Justice Atlas. Retrieved from: https://ejatlas.org/conflict/banshkhali-
coal-power-station-chittagong-bangladesh
Energy Bangla. (2018, November 27). Imported LNG: Bracing for gas rates rationalisation. The
Energy Bangla. Retrieved from: http://energybangla.com/imported-lng-bracing-for-gas-
rates-rationalisation/
Energy Bangla. (2019, July 21). Speedy Supply of Power and Energy Act, 4 years extension. The
Energy Bangla. Retrieved from: http://energybangla.com/speedy-supply-power-energy-
act-4-years-extension/
Energy Department (2013). Regulatory Regime within the Electricity Supply Industry 17
September 2013. Republic of South Africa. Retrieved from:
https://www.slideserve.com/jara/regulatory-regime-within-the-electricity-supply-
industry-17-september-2013
Energy News of Bangladesh. (2016, August 22). Rooppur nuclear power plant will ultimately cost
$20 billion. The Energy News of Bangladesh. Retrieved from:
https://energynewsbd.com/details.php?id=681
Energy News of Bangladesh. (2016, January 31). Five companies submit tenders for multi-client
seismic survey. The Energy News of Bangladesh. Retrieved from:
http://energynewsbd.com/details.php?id=402
Energy News of Bangladesh. (2016, June 23). Bapex plans to form a joint venture company with
Gazprom. The Energy News of Bangladesh. Retrieved from:
http://energynewsbd.com/details.php?id=630
Gas and Oil. (2012, April 26). Petrobangla and Gazprom to sign deal for onshore wells. Alexanders
Gas & Oil Connections. Retrieved from:
http://www.gasandoil.com/news/features/30523a5d43309338932761c297815379
Gazprom. (2019, March 09). Bangladesh. The Gazprom International. Retrieved from:
http://www.gazprom-international.com/en/operations/country/bangladesh
Guardian. (2016, April 06). Bangladesh coal plant protests continue after demonstrators killed.
The Guardian. Retrieved from:
https://www.theguardian.com/environment/2016/apr/06/bangladesh-coal-plant-
protests-continue-after-demonstrators-killed
JICA Survey Team (2016). Power Sector Master Plan. Ministry of Power, Energy and Mineral
Resources, Power Division. Dhaka: Government of the People’s Republic of Bangladesh.
Retrieved March 09, 2019. Retrieved from:
https://powerdivision.portal.gov.bd/sites/default/files/files/powerdivision.portal.gov.bd
/page/4f81bf4d_1180_4c53_b27c_8fa0eb11e2c1/(E)_FR_PSMP2016_Summary_revised.p
df
Khan, M. F. (2018). LNG Tariff: Implication on Trade and Industries. Dhaka: Keystone
Liuhto, et. al. (2015). BSR Policy Briefing 1/2015: Natural gas revolution and the Baltic Sea region.
NBN. (2016, September 14). Tax exemption for the construction of Rooppur Nuclear Power Plant.
Retrieved from: https://nbn.media/tax-exemption-construction-rooppur-nuclear-
power-plant/
31
New Age. (2017 May 10). Rental power plants set to accumulate Tk 8,000 crore extra. The New
Age. Retrieved from: http://www.newagebd.net/article/15287/no-respite-from-rental-
power-until-2024
New Age. (2017, August 30). Gazprom exempted from liability of damage. The New Age. Retrieved
from: http://www.newagebd.net/article/23079/gazprom-exempted-from-liability-of-
damage
New Age. (2017, June 28). Banks asked to fund Tk 20,000cr to set up rental power plants. The
New Age. Retrieved from: http://www.newagebd.net/article/18635/banks-asked-to-
fund-tk-20000cr-to-set-up-rental-power-plants
New Age. (2018, August 09). Coal-fired power plant in Barguna despite environmental concerns.
The New Age. Retrieved from: http://www.newagebd.net/article/47813/coal-fired-
power-plant-in-barguna-despite-environmental-concerns
New Age. (2018, July 03). Spl provision extended for 3 more years. The New Age. Retrieved from:
http://www.newagebd.net/article/45052/spl-provision-extended-for-3-more-years
New Nation (2018, September 5). Fuel import surges on higher demands from rental power
plants. The New Nation. Retrieved from:
http://m.thedailynewnation.com/news/187583/fuel-import-surges-on-higher-demands-
from-rental-power-plants
Petrobangla (2019). Annual Report 2017. Dhaka. Petrobangla. Bangladesh Oil, Gas and Mineral
Corporation. Retrieved from::
https://petrobangla.org.bd/admin/attachment/webtable/1064_upload_0.pdf
Petrobangla (2019). Petrobangla. Bangladesh Oil, Gas and Mineral Corporation.
https://petrobangla.org.bd/?params=en/home
Power Division. (2011). Power System Master Plan 2010. Dhaka: Power Division.
Power Division. (2018). Annual Report 2017-18. Dhaka: Power Division. Government of the
Peoples Republic of Bangladesh. Retrieved from::
https://powerdivision.portal.gov.bd/sites/default/files/files/powerdivision.portal.gov.bd
/annual_reports/24667a36_b7b9_49ed_a0b6_8fecb3151023/Final%20Annual%20Repor
t%202017-2018.pdf
Power Engineering International. (2018, September 05). $2bn coal-fired power plant set for
Bangladesh. The Power Engineering International. Retrieved from:
https://www.powerengineeringint.com/articles/2018/05/2bn-coal-fired-power-plant-
set-for-bangladesh.html
Power Sector Master Plan (2016). Ministry of Power, Energy and Mineral Resources, Power
Division. Dhaka: Government of the People’s Republic of Bangladesh. Retrieved from:
https://powerdivision.portal.gov.bd/sites/default/files/files/powerdivision.portal.gov.bd
/page/4f81bf4d_1180_4c53_b27c_8fa0eb11e2c1/(E)_FR_PSMP2016_Summary_revised.p
df
Prothom Alo (2018, October 19). Bangladesh, UAE agree to feasibility study for LPG terminal. The
Prothom Alo. Retrieved from:
https://en.prothomalo.com/economy/news/185139/Bangladesh-UAE-agree-to-
feasibility-study-for-LPG
32
Prothom Alo. (2018, July 27). 4 ex-MDs found responsible for Barapukuria coal theft. The
Prothom Alo. Retrieved from: https://en.prothomalo.com/bangladesh/news/180488/4-
ex-MDs-found-responsible-for-Barapukuria-coal
Reuters. (2017, February 02). One killed in Bangladesh protest against Chinese-backed power
plant. The Reuters. Retrieved from: https://www.reuters.com/article/us-bangladesh-
power-protest/one-killed-in-bangladesh-protest-against-chinese-backed-power-plant-
idUSKBN15H0L3
SREDA (2019). Sustainable & Renewable Energy Development Authority. Power Division,
Ministry of Power, Energy and Mineral Resources. Government of the Peoples Republic of
Bangladesh. Retrived from: http://www.sreda.gov.bd/index.php/site/re_present_status
SREDA (2019). Sustainable & Renewable Energy Development Authority. Power Division,
Ministry of Power, Energy and Mineral Resources. Government of the Peoples Republic of
Bangladesh. Retrived from: http://www.sreda.gov.bd/index.php/site/page/7b9b-49f7-
69fb-40fd-45a3-9e6c-b391-7ba5-31f9-13ee
SREDA., Power Division. (2015). Energy Efficiency and Conservation Master Plan up to 2030.
Sustainable and Renewable Energy Development Authority and Power Division. Ministry
of Power, Energy and Mineral Resources. Government of the People’s Republic of
Bangladesh. Retrieved from: http://sreda.gov.bd/files/EEC_Master_Plan_SREDA.pdf
The Daily Star. (2015, March 08). Phase out quick rental plants. The Daily Star. Retrieved from:
https://www.thedailystar.net/phase-out-quick-rental-plants-20782
The Daily Star. (2015, March 08). Speedy power supply act to get 4-yr extension. Retrieved from:
https://www.thedailystar.net/speedy-power-supply-act-to-get-4-yr-extension-38638
The Daily Star. (2016, October 19). Rampal Power Plant: Protest in India too. The Daily Star.
Retrieved from: https://www.thedailystar.net/backpage/rampal-power-plant-protest-
india-too-1300690
The Daily Star. (2017, March 16). Offshore Gas Exploration: S Korean firm gets block-12. The Daily
Star. Retrieved from: https://www.thedailystar.net/frontpage/offshore-gas-exploration-
s-korean-firm-gets-block-12-1376152
The Daily Star. (2018, April 29). LPG market heating up. The Daily Star. Retrieved from:
https://www.thedailystar.net/business/lpg-market-heating-1569343
The Daily Star. (2018, December 25). Six eco-friendly power plants get go-ahead. The Daily Star.
Retrieved from: https://www.thedailystar.net/business/news/six-eco-friendly-power-
plants-get-go-ahead-1678591
The Daily Star. (2018, February 02). Nuclear power: Surviving on secrecy and misinformation.
The Daily Star. Retrieved from: https://www.thedailystar.net/star-weekend/long-
form/nuclear-power-surviving-secrecy-and-misinformation-1528468
The Daily Star. (2018, January 12). Meet the coal power plants. The Daily Star. Retrieved from:
https://www.thedailystar.net/star-weekend/meet-the-coal-power-plants-1518427
The Daily Star. (2018, July 22). Barapukuria power plant shut indefinitely due to coal crisis. The
Daily Star. Retrieved from: https://www.thedailystar.net/country/barapukuria-coal-
fired-power-plant-shut-indefinitely-dinajpur-bangladesh-1609627
33
The Daily Star. (2018, July 25). Just vanished. Retrieved from:
https://www.thedailystar.net/backpage/just-vanished-1608787
The Daily Star. (2018, July 25). MD, 19 other Barapukuria officials sued over coal scam. Retrieved
from: https://www.thedailystar.net/country/bangladesh-barapukuria-coal-scam-
corruption-managing-director-19-other-officials-sued-1610770
The Daily Star. (2018, November 21). No more floating LNG terminals. The Daily Star. Retrieved
from: https://www.thedailystar.net/business/news/no-more-floating-lng-terminals-
1663504
The Economic Times. (2018, July 27). Petronet submits proposal to set up $1 billion LNG terminal
in Bangladesh. The Economic Times. Retrieved from:
https://economictimes.indiatimes.com/industry/energy/oil-gas/petronet-submits-
proposal-to-set-up-1-billion-lng-terminal-in-bangladesh/articleshow/65162361.cms
The Economist. (2017, September 25). Petrobangla signs multiple LNG import agreements. The
Economist. Retrieved from:
http://country.eiu.com/article.aspx?articleid=1185924502&Country=Bangladesh
&topic=Economy&subtopic=Forecast&subsubtopic=External+sector&am
p;u=1&pid=205349404&oid=205349404
The Financial Express (2018, February 27). Anwara power plant in limbo over land dispute. The
Financial Express. Retrieved from:
https://thefinancialexpress.com.bd/national/anwara-power-plant-in-limbo-over-land-
dispute-1519738512
The Financial Express (2019, January 16). Govt to allow LNG import in pvt sector. Retrieved from:
https://thefinancialexpress.com.bd/trade/govt-to-allow-lng-import-in-pvt-sector-
1547611380
The Financial Express (2019, January 30). Gazprom likely to get job of offshore seismic survey.
The Financial Express. Retrieved from:
https://thefinancialexpress.com.bd/trade/gazprom-likely-to-get-job-of-offshore-
seismic-survey-1548732572
The Independent (2018, August 27). PDB to import 1 lakh tonnes of coal for Barapukuria plant.
The Independent. Retrieved from: http://www.theindependentbd.com/post/163636
The Independent (2018, February 7). Bhola quick rental power plant likely to get extension again.
The Independent. Retrieved from:
http://www.theindependentbd.com/printversion/details/136148
The Independent (2018, July 23). LNG not delivered 3-month after import. The Independent.
Retrieved from: http://www.theindependentbd.com/post/159122
The Independent. (2018, January 28). Gazprom deal to cost ‘Tk 115cr more’. The Independent.
Retrieved from: http://www.theindependentbd.com/post/134749
UNB (2017, August 31). Rooppur: Moscow-Dhaka reach deal on nuclear waste issue. The United
News of Bangladesh. Retrieved from: http://old.unb.com.bd/bangladesh-
news/Rooppur-Moscow-Dhaka-reach-deal-on-%C2%A0nuclear-waste-issue/50005
34
UNB (2018, September 03). Govt plans to implement 10 mega power projects by 2030. The United
News of Bangladesh. Retrieved from: http://unb.com.bd/category/Special/govt-plans-
to-implement-10-mega-power-projects-by-2030/1107
UNHCR (2018, November 23). Rohingya refugee camps in Bangladesh switch to environmentally
friendly LPG. The UN Refugee Agency. Retrieved from:
https://www.unhcr.org/news/briefing/2018/11/5bf7c79d4/rohingya-refugee-camps-
bangladesh-switch-environmentally-friendly-lpg.html
WDI (2018) World development indicators. Washington, D.C.: The World Bank.
WEF. (2017). Global Energy Architecture Performance Index Report 2017. Geneva: World
Economic Forum. Retrieved from::
http://www3.weforum.org/docs/WEF_Energy_Architecture_Performance_Index_2017.pd
f
Whitley, S. and van der Burg, L., 2015. Fossil Fuel Subsidy Reform: From Rhetoric to Reality. New
Climate Economy, London and Washington, DC. Available at
http://newclimateeconomy.report/misc/working-papers.
35