Download Link for Energy & Power Vol 21 Issue 10
In Bangladesh, passionate discussions about embracing green energy have gained momentum thanks to Prime Minister Sheikh Hasina's bold pledge to increase renewable energy generation capacity to 40% of the country's total power generation by 2041. Right now, renewable energy (RE) accounts for just 4.23% of the total capacity, facing hurdles like solar projects not being used to their full potential and financial challenges for investors. Despite a significant 166% increase in bulk power tariffs over 17 years, the power sector continues to suffer losses, impacting the economy deeply. Wise voices are calling for a thoughtful strategy, emphasizing transparency, cost analysis, and careful consideration of economic consequences. Looking at global leaders like Germany, we learn the importance of balancing green energy dreams with economic realities. Among the hurdles, experts highlight the potential of incorporating cross-border hydroelectricity, solar trading, and nuclear power into a comprehensive green energy plan. Failing to craft such a plan could jeopardize Bangladesh's dream of becoming a developed nation by 2041. There is a bitter experience in the rental, quick rental of power plants and IPPs. For political influence, many unnecessary power plants have increased the reserve margin. These have created huge financial impacts and the burdens are transferred to the end users.
It's a reminder of the urgent need for a well-thought-out, economically viable, and seamlessly integrated green energy roadmap that aligns our aspirations with practicality.
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