Power and energy crisis

[bipasha]

Power and energy crisis
Capitalism and industrialization are intimately linked. In Europe capitalism developed alongside the industrial revolution. Capitalist market economies have had successfully achieved sustained periods of economic growth, and industrial capacity with Power and energy as one of the key factors of production and industrialization. Unfortunately Bangladesh faces a power and energy crisis. The quality of governance in the energy sector is marred by:

(1) Political considerations;
(2) Short term planning horizons of successive governments;
(3) Lack of incentives for bureaucrats and the private sector and
(4) The absence of an effective regulatory body.

It does not attempt to examine all pertinent areas of the energy sector where governance may play a pivotal role, but focuses instead on how governance, or lack thereof, impacts the institutional and policy framework, supply constraints and reform implementation in the power and gas sector. Frequent outages have prompted industries, shops and households to install their own back-up power supplies, pushing up the cost of living and doing business.

Although, Bangladesh has been producing gas for over three decades, the major gas fields remain underdeveloped and exploration activities have remained almost stagnant in the last decade. This shows that little research and exploration occurs.

[Masuma Parvin]

Very informative post.

[poppy siddiqua]

thankyou bipasha madam to share the information. we really need to come up with a solution to overcome the crisis.

[shaikat]

This is a vital issue of our country...

[Sima]

Not only the government but also all of us should give a major concern to this fact in order to minimize our upcoming sufferings in future.

[Razon Mahmood]

Power crisis has become a big issue in our country. It can be reduced if our government takes some steps to STOP CORRUPTION in this sector. If we look at BPDB/REB/PGCB/DPDC, we find there are many projects initiated by the government to fulfill the demand of electricity. Unfortunately, due to the corruption, many projects are not completed according to its plan. 

Once I read an article in a newspaper about Ghorasal 200-300MW (2nd Unit) Peaking Power Plant which is a part of Ghorasal Power Plant, one of the biggest power plants in our country. According to the news, the tender of the Power Plant Project had got a company who offered price amounting taka 60 (may be more than this amount) core more than another company. Fortunately, the tender was cancelled because the fact had come to light.
                                         
                                                Corruption must be stopped.