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Power Crisis in BD. A leverage for Grappling by the Privates. www.equitybd.org. Scenario of Energy consumption BD - Total Energy consumption 1402 trillion BTU (2005) where - 35 % come from non-commercial - 65 % come from commercial - Oil 15.5 % - Gas 49.17 % - Coal 0.36 %
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Power Crisis in BD A leverage for Grappling by the Privates www.equitybd.org
Scenario of Energy consumption BD - Total Energy consumption 1402 trillion BTU (2005) where - 35 % come from non-commercial - 65 % come from commercial - Oil 15.5 % - Gas 49.17 % - Coal 0.36 % - Hydro Power 0.29 % www.equitybd.org
Scenario of Energy consumption BD - Distribution Commercial Energy - Household 25.5% - Agriculture & Other 17.3 % - Industries 17.6 % - Commercial 2.2 % and - Transport 37.4 % www.equitybd.org
Demand growth prediction - Government committed to ensure 100% electricity by 2025 - 19000 MW (Considering base case study) - 41000 MW (Considering high case study) - Gas production to be reached 2.7 trillion cft - Importing Oil would be 7.0 million MT www.equitybd.org
Government Measures - No planned investment in power sector yet - Invited PPP (Public Private Partnership) www.equitybd.org
What’s impacting - Financial loss behind subsidy only petroleum product at least 2.5 billion US$ in last years - Govt. give loss on rental power purchase 688 million $ in last 10 years (Economic Review -2010) - Existing govt. made agreement with rental power purchase that would be created accumulated loss 01 billion $ in next three year period. - Government is indebted 783.1 million US$ (ERD) taken in the name power sector reform www.equitybd.org
Privates snatching the Energy sector - Asia Energy perusing govt. to invest to coal extraction in northern part of the country - Schevron, Niko Tallo and other MNCs working in gas sectors - At least 16 no of private companies now active in power generation www.equitybd.org
Damage Country resources and Interest - People movement is being happened against Asia Energy considering the severe damage - Open pit mining would displace at least 70,000 people and 17000 hector land directly - Huge removal of ground water make desertification that also affect 1.5 million in peripheral. - Occidental and Niko made gas explosion in Magurchara which has damaged the gas resources of 01 billion $ along with environmental - Financial speculation and corruption is common phenomenon among the private sectors also www.equitybd.org
Scenario, Bangladesh existing Debt - Foreign Debt Stock Up to June, 2009 20831 million US$ July-march, 2010 (Net borrowing) 1041 million US$ Plan 2010-11 (Net borrowing) 1547 million US$ Total Outstanding 23419 million US$ Per Capita Debt 156 US$ - Domestic Debt Outstanding March, 2010 15821 million US$ 2010-11 FY (Planned) 3383 million US$ Total Debt Outstanding in 2011 18664 million US$ % of GDP 38% DSL Expenditure 15% of Revenue Source: ERD www.equitybd.org
How the govt. energy management system running? - National Energy Policy yet on process - Contradiction between policy priority and action - Insufficient budget allocation in power sector - Political speculation (different between manifesto and actions) www.equitybd.org
Thank You www.equitybd.org