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ENERGY
REPORT
BANGLADESH
February 2019
Overview ____________________________________ 3
Energy supply________________________________ 12
Abbreviations________________________________ 30
Glossary ____________________________________ 32
LIST OF GRAPHS
GRAPH 1: CO2-energy Emissions (MtCO2) ------------------------------------------------------------------------------------------------ 8
GRAPH 2: Installed electric capacity by source (2017, %) --------------------------------------------------------------------------- 12
GRAPH 3: Gross power production by source (TWh) --------------------------------------------------------------------------------- 13
GRAPH 4: Power generation by source (2017, %) ------------------------------------------------------------------------------------- 13
GRAPH 5: Gasoline & diesel prices (US$/l) ---------------------------------------------------------------------------------------------- 16
GRAPH 6: Electricity prices for industry and households (US$c/kWh) ----------------------------------------------------------- 17
GRAPH 7: Consumption trends by energy source (Mtoe) --------------------------------------------------------------------------- 18
GRAPH 8: Total consumption market share by energy (2017, %) ----------------------------------------------------------------- 19
GRAPH 9: Final consumption market share by sector (2017, %) ------------------------------------------------------------------ 19
LIST OF TABLES
Table 1: Economic indicators
• Population, GDP growth
• Imports & exports
• Inflation rate, exchange rate
• Energy security and efficiency indicators
• CO2 emissions
Highlights
→ The main priorities of the energy policy are increasing the energy supply options, private sector
participation and energy efficiency.
→ Both state and private companies are present in the electricity generation and upstream oil and gas
sectors.
Private companies own around half of the electricity capacity.
→ Bangladesh has limited resources and is importing increasing quantities of oil, gas and coal to meet the
growing demand.
→ Energy consumption has increased at a fast rate since 2000. Households account for more than half of the
total consumption.
→ Bangladesh hopes to improve its energy security and increase the use of domestic resources such as coal
and renewable energy. Bangladesh is also counting on its upcoming nuclear power plants to meet the
long-term power demand.
Natural gas and coal BERC, Bangladesh Energy Regulatory Commission, regulates the sector. Its
have the highest priority in purpose is to manage the transparency and the equity of prices, control
the energy policy among the allocations of licences in the energy sector, and promote the
various supply options competitiveness of the markets; the only field in which the Commission
cannot intervene is in the exploration and production of gas.
The National Energy Policy established a “Five Fuel Strategy” for energy
sustainability and security. These include, in order of priority, natural gas,
coal, energy efficiency, renewables, and nuclear.
Electricity
The Power Cell, under the responsibility of the Power Division of MPEMR,
was created to support the power sector reform activities, to supervise
investments and to coordinate IPP projects.
PSMP 2016 Power Sector Master Plans (PSMP) are adopted every 5 years. PSMP 2016
The Power Sector Master formulates an extensive energy and power development plan to 2041
Plan defines five key consistent with the long-term goal VISION2041, aiming to develop the
viewpoints country as one of the advanced countries by 2041. Towards the
achievement of this goal, PSMP 2016 defines “five key viewpoints”:
enhancement of imported energy infrastructure and its flexible operation;
efficient development and utilization of domestic natural resources (gas
and coal); construction of a robust, high-quality power network;
maximization of green energy and promotion of its introduction;
improvement of human resources and mechanisms related to the stable
supply of energy.
Nuclear
The country aims to install up to 4 000 MW of nuclear capacity by 2030.
The construction of the first reactor started in 2017 with commercial
operation planned in 2023.
Coal
In 2010, Bangladesh drafted a national coal policy which involves changes
to the country’s mining law. Foreign companies would be authorised to
develop mines within the framework of joint ventures with local
companies. Licences would be granted through calls for tenders. A
Committee for the development of the coal sector, made up of
professionals, would be in charge of revising the rate of royalties applied
Energy Efficiency
The Sustainable and Renewable Energy Development Authority (SREDA)
is in charge of coordinating activities related to the development of energy
efficiency, renewables, and financing mechanisms.
MPEMR and SREDA published an Action Plan for Energy Efficiency &
Conservation (EE&C) in 2015 to coordinate energy efficiency programmes
and measures. The Plan targets a 15% reduction in the energy intensity of
the GDP by 2021 and 20% by 2030. The Government aims to achieve these
goals through policy instruments until 2020, and, afterwards, through
market-oriented measures. The target is for the industrial and building
sector to achieve the best global energy intensity levels by 2025. The
residential sector aims to have the highest efficiency appliances by 2030.
The energy efficiency measures are expected to lead to estimated energy
savings equal to 31%-50% of the 2013-2014 energy consumption levels in
the major energy-consuming sectors.
Renewables
In its Power System Master Plan 2016, the government set a target to
reach 2.5 GW of renewable capacity in 2021, and 3.9 GW in 2041. It
introduced incentive measures to mobilise the private sector. This target
is in line with its NDC target to increase the share of renewables in total
power generation to 10 % in 2021.
The Renewable Policy
sets a target to reach a 10% In 2012, the country implemented the Solar and Renewable Energy
share of renewables in its Association (BSREA), a platform for renewable energy products and
generation capacity by 2021 businesses. BSREA will work towards the standardisation and quality
control of all the renewable energy products and services being sold in
Bangladesh. It will also work to educate people about solar energy.
CO2
In its National Determined Contributions (NDC), Bangladesh announced it
aims to reduce GHG emissions by 40% (48 MtCO2eq) by 2030 compared to
a BAU scenario, of which 15% (or 36 MtCO2) assumes international
support.
CO2 emissions from energy combustion have risen steadily and more than
doubled since 2005.
90
80
70
60
50
40
30
20
10
0
Electricity
Generation BPDB, Bangladesh Power Development Board is the national electricity
company. BPDB has a total capacity of 9 GW GW (52% of the total, as of
October 2018). It has a number of subsidiary companies: Ashugonj Power
Station Company Ltd APSCL (1 444 MW), Electricity Generation Company
of Bangladesh EGCB (839 MW) and North-West Power Generation
Company Ltd NWPGCL (1 211 MW). BPDB has developed a massive
capacity expansion plan to reach a capacity of about 24 GW in 2021.
Several foreign companies are involved in gas power projects built under
BOO or BOT. The private sector has a total capacity of 8.4 GW (October
2018). It includes 5.1 GW from IPPs, 2.9 GW from power rentals, and
350 MW from Small IPPs.
Gas
Supply The subsidiaries of Petrobangla involved in the production of gas are
Bangladesh Gas Fields Company Ltd (BGFCL), BAPEX and Sylhet Gas
Fields Ltd (SGFL). In 2017, BGFCL produced around 8.4 bcm from 5 gas
fields, BAPEX produced around 1.20bcm from 7 gas fields, and SGFL
around 1.4 bcm from 4 gas fields.
Chevron Chevron is the main foreign company with around 60% of total gas
produces around 40% of the production (2017). It is active in three fields, namely Maulavi Bazar,
total gas production Jalalabad and Bibiyana fields in the north-west of the country, and
produced 15.7 bcm in 2017. In 2016, Chevron announced plans to sell
US$10bn of assets in Bangladesh, but finally reversed its decision in 2017.
Kris Energy operates the Bangora and Lalmai fields; in 2017, it produced
around 2.5 bcm. In 2013, the company acquired a 30% working interest
and operatorship in the Bangora field from Tullow.
Transmission The main subsidiaries of Petrobangla involved in the transport of gas are
Gas Transmission Company Ltd (GTCL) with around 1 600 km of
transmission pipelines, and Titas Gas Transmission and Distribution
Company (TGTDCL, 610 km of transmission pipelines).
Coal
Barapukuria Coal Mining Company Ltd (BCMCL), a subsidiary of
Petrobangla, operates the Barapukuria coal mine in the Dinajpur district,
built in 2005. It produced around 0.9 Mt of coal in 2017-2018 FY.
Resources
Gas reserves reached 368 bcm (2017). Bangladesh has modest oil reserves
that are estimated at 3.9 Mt. Coal reserves are significant, at around
300 Mt.
Electricity
Installed capacity The country’s electricity capacity amounts to 13.5 GW (end of 2017), 97%
of which is thermal (67% gas, 31% oil, 2% coal), hydroelectric (2%) and
solar (1%).
2% 2% 1%
Oil
30%
Gas
Coal
Biomass
13.5 GW Hydro
Nuclear
Wind, solar, geoth.
65%
The country’s electricity capacity is too small to meet the demand growth;
the old transport and distribution grids and the unauthorised connections
to the grid lead to frequent power cuts.
TWh
80
70
60
50
40
30
20
10
0
2% 1% 0.3%
16%
Oil
Gas
Coal
Biomass
68.4 TWh Hydro
Nuclear
Wind, solar, geoth.
81%
Power interconnections / The first power interconnection between Bangladesh and India was
exchanges commissioned in 2013, with a capacity of 500 MW. In February 2018,
NTPC won a tender to supply 300 MW of power both on a short-term
basis (June 2018 to December 2018) and on a long-term basis (January
2020 to May 2033). NTPC started exporting power to Bangladesh in
September 2018.
Gas
Natural gas production is increasing rapidly (5%/year, on average, since
2010) and reached 27.8 bcm in 2017, compared to 9.4 bcm in 2000.
The gas is mainly consumed for the production of electricity (61%); the
rest is used by the industrial sector (15%), the residential-tertiary sector
(14%), the transport sector (4%) and for non-energy uses (5%; fertilizers).
LEGEND
Gas pipeline
MYANMAR
DHAKA
Gas pipeline under
construction or planned
Chandpur LNG import terminal
planned
Chittagong LNG
5.1 bcm/yr (2018)
Moheshkali LNG
5.1 bcm/yr (2018) Sources: GTCL, Enerdata Estimates
Kutubdia LNG Enerdata Energy report - Bangladesh
6.8 bcm/yr (2021-25)
Matarbari LNG
4.7 bcm/yr (2021-25)
Oil
Fuel prices are controlled by the Government and are not adjusted on a
regular basis. Prices were raised four times in 2011, but thereafter no further
adjustments were made until 2013 (11% hike for diesel, 5% hike for gasoline).
Bangladesh has kept prices unchanged over the last two years to help state-
owned Bangladesh Petroleum Corporation offset its previous losses. Gasoline
prices have dropped by 30% since 2014 and stood at US$1.03/l in 2018. Prices
for diesel were in 2018 US$0.86/l.
1.30 1.27
1.25
1.15 1.12
1.07 1.03
0.86 0.90 0.87 0.84 0.86
0.76 0.81
Electricity
Prices were rising in nominal terms before 2014, although less than
inflation. The Government aims to cut BPDB’s losses, since the average
sales price is lower than the production costs, and to overcome power
shortages through investments. In 2014 the Government raised power
tariffs by an average of 7%. Since 2014, industry prices have been almost
constant and domestic prices have fallen by around 20%. Prices are
US$5.2c/kWh for households and US$11.8c/kWh for industry (2018).
6.2
4.9 4.8 5.2 5.2
4.4 4.7
Gas
In response to the rising cost of LNG imports, the BERC is planning to
increase gas prices by 93% for industry and by 25% for CNG. Most of the
proposed price hikes are expected to be borne by the fertiliser and power
sectors with planned increases of 372% and 206%, respectively. If this
proposal is accepted, the gas price to the domestic power sector will rise
from US$0.37c/kWh to US$0.97c/kwh cm.
Energy consumption per capita is 0.25 toe, including around 340 kWh of
electricity (2017).
The gas share Gas is the main energy source consumed (57%), ahead of biomass (24%)
in the total energy mix and oil (14%) (2017).
increased to 57% in 2017
from 40% in 2000 GRAPH 7: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Mtoe
45
40
35
30
25
20
15
10
5
0
57%
*Including heat ; Nuclear (1TWh = 0.26 Mtoe), Hydroelectricity and wind (1 TWh =
0.086 Mtoe), Geothermal (1 TWh = 0.86 Mtoe)
Oil products are mainly used in transport (45%) and in the residential,
services and agriculture sectors (24%). Coal is mainly used in industry.
4%
Industry
27% Transport
29.5 Mtoe
56% 13%
Electricity
The BPBD electricity sector development plan (“Power System Master
Plan”, PSMP, 2016) covers the period up to 2041. It is aimed at improving
energy infrastructure, the efficient development and utilization of
domestic natural resources, the maximization of green energy and
promotion of its introduction, construction of a robust, high quality power
network and improvement of human resources and mechanisms related
to the stable supply of energy.
Nuclear projects Rosatom has started construction of the country’s two first 1 200 MW
nuclear power units in Pabna, Rooppur-1 (November 2017) and Rooppur-2
(July 2018). The start of operation is scheduled for 2023 and 2024,
respectively, at the earliest. The total project cost is expected to reach
US$12.7 bn and Russia will provide a US$11.4 bn credit facility to cover up
to 90% of the costs. Rosatom will supply fuel for the reactors. The country
aims to install up to 4 000 MW of nuclear capacity by 2030.
Coal power projects The Government plans to build up to 15 coal-fired power plants with a
total capacity of more than 12 GW by 2024; 5.5 GW are under
construction and eight power plants would be developed by state-owned
power utilities and seven by the private sector.
Construction of a 1 230 MW coal power plant project (2x 615 MW) has
started in Banshkhali in Chittagong. It should be commissioned in 2020,
but the project is facing strong local opposition and construction is on
hold.
Gas power projects Twenty-nine gas power plants accounting for around 8.8 GW of capacity
are planned to be commissioned by 2022.
The Asian Development Bank (ADB) will lend US$500m to support the
construction of the US$1.14bn 800 MW Rupsha CCGT in Khulna (cost of
US$1.14bn). ADB will lend US$500m and the remainder will be financed
by the government (US$339m) and the Islamic Development Bank
(US$300m). The project is planned to be commissioned in 2022.
BPDB has two ongoing power plant projects in Bibiyana, with a combined
capacity of 1 124 MW. In 2012, a consortium led by Marubeni and
Hyundai won a contract for the Bibiyana CC - 3, at a cost of US$319m. The
400 MW CCGT is being built on the site of the existing Bibiyana power
plant and completion is expected in 2019.
Reliance Power will build the first 750 MW power plant in Meghnaghat
(Narayanganj district), south-east of Dhaka. The MoU for the total project
signed in 2016 has a combined capacity of 3 000 MW and the total
investment is estimated at US$3bn. The project will source gas from the
2 Mt/year floating storage and regasification unit (FSRU) moored at
Maheshkhali Island in Cox's Bazar district, commissioned in August 2018.
In December 2017, ADB approved a US$583m debt financing programme
to support the project.
General Electric (20%), Mitsubishi (25%) and Summit Power (55%) set up a
joint venture in July 2018 to take part in a large 2 400 MW CCGT made up
of 4 units of 600 MW. The US$3bn project would include an LNG onshore
regasification terminal with a capacity of 1 500 mcf/d (15.5 bcm/year).
Construction should start as early as 2019 and the project should be
completed by 2023.
Renewable energy
Renewables Plans To meet 2.9 GW of renewable capacity, the Power Division plans to install
1 270 MW of solar, 1 150 MW of wind, 30 MW of biomass, 2 MW of
biogas, and 6 MW of hydro between 2017 and 2021.
Solar projects A total of 530 MW of solar power projects have been announced,
including three 100 MW plants expected to be commissioned in 2021 in
Faridpur-Ashuganj, Kishoreganj and Mollarhat.
Wind projects A 60 MW wind farm project has been authorized in Cox bazar and is
expected for 2019. It will be operated by US-DK Green Energy.
Interconnections projects India and Bangladesh have approved the development of the Radial inter-
connection line, a 1 000 MW power interconnection line between the
Suryamani substation in India and Comilla in Bangladesh, intended to
deliver power from the 726 MW Palatan thermal power plant in Gomati
(Tripura, India) to Bangladesh. ADB has approved a US$120m loan to
finance the construction and the Government will finance US$63m. The
project is expected to be completed in 2019. Siemens will be responsible
for engineering, installing and commissioning of the complete HVDC
system with a turnkey contract of US$145m.
Coal
Because of the insufficient gas production, the country aims to develop its
large coal resources in order to replace natural gas in electricity
generation. The Ministry hopes to produce 1.1 Mt/year by 2020,
Gas
Due to the current gas deficit, estimated at more than 5 mcm/d, the
Government has suspended new gas connections to industrial,
commercial and household consumers since 2009 and is trying to increase
gas production and develop gas imports.
906 bcm of new gas
discoverable The Vision 2021 Plan reported a 50% probability of discovering new gas
with 50% probability reserves of 32 Tcf (906 bcm).
Exploration, production Daewoo has made a gas discovery in Block D-12 in the Bay of Bengal, in a
basin that is shared between Bangladesh and Myanmar. Bangladesh could
hold five prospective structures that would near three gas fields in
Myanmar having 8 tcf (226 bcm) of reserves. Daewoo has a contract with
the Bangladesh government that allows for exploration in deep seas until
2022. It plans to carry a 3D survey at Block 12 and, if findings are
confirmed, it will start drilling activities.
Gas pipelines In 2010 Bangladesh approved the project for a 345 km-long gas pipeline
with a capacity of 11 bcm/year between India and Myanmar. The practical
details are still under discussion. India wants to decrease the total cost by
transiting through Bangladesh, and the latter in turn is interested in the
possibility of connecting to the pipeline.
In January 2018, the government selected the bidders for the construction
of a 181-km long natural gas pipeline, which will run from Chittagong to
Feni and Bakhrabad and will deliver gas from the LNG import terminal
projects in Moheshkhali to the domestic market. The estimated total cost
of the pipeline is US$42m.
Oil
Eastern Refinery Ltd, a subsidiary of BPC, plans to increase capacity of its
refinery in Chittagong, from 3 to 4.5 Mt/year and awarded a contract for
the expansion in 2016.
The government has signed a framework agreement with China for the
construction of a 220 km long oil pipeline, which will carry fuel from oil
tankers in the Bay of Bengal up to Chinese storage plants. The contract
foresees the construction of a diesel and crude oil storage tank at the
Moheshkhali Island on the Bay of Bengal (Bangladesh), a 146 km offshore
pipeline and a 74 km onshore pipeline to carry imported oil to a refinery in
Chittagong district. The total project cost is expected to reach
approximately US$550m. Its unloading capacity will reach 9 Mt/year.
External trade* 1990 2000 2010 2013 2014 2015 2016 2017
Crude oil Mt 0.95 1.3 1.2 1.2 1.3 1.1 1.3 1.2
Oil products Mt 0.88 1.8 2.6 3.8 4.2 4.0 3.9 4.5
Gas bcm 0 0 0 0 0 0 0 0
Coal Mt 0.56 0.66 0.80 1.0 0.99 3.7 2.2 2.7
Electricity TWh 0 0 0 0 0 0 0 0
* Imports(+) exports(-) balance
Get the latest available data in our Global Energy & CO2 Data service
Consumption trends 1990 2000 2010 2013 2014 2015 2016 2017
Total %/year 5.3 4.0 6.1 4.0 3.2 8.0 4.7 2.4
Gas %/year 7.6 8.1 8.5 7.8 2.6 8.7 9.3 0.52
Electricity %/year 0.21 9.8 11.7 6.6 7.2 5.7 9.0 6.3
Total consumption 1990 2000 2010 2013 2014 2015 2016 2017
Total Mtoe 12.7 18.5 30.0 33.9 35.0 37.8 39.5 40.5
of which
Oil % 14 17 12 14 15 13 13 14
Gas % 29 40 55 56 56 56 58 57
Coal, lignite % 2 2 3 3 3 6 4 4
Primary electricity* % 1 0 0 0 0 0 0 0
Biomass % 54 41 29 27 26 25 24 24
* Nuclear (1TWh = 0.26 Mtoe), Hydroelectricity and wind (1 TWh = 0.086 Mtoe), Geothermal (1 TWh = 0.86 Mtoe)
Final consumption 1990 2000 2010 2013 2014 2015 2016 2017
Total Mtoe 10.9 15.2 22.8 24.8 25.7 28.0 28.8 29.5
By energy
Oil % 14 18 14 15 15 14 14 16
Gas % 17 24 32 32 32 31 33 31
Coal, lignite % 3 2 2 3 3 7 5 5
Electricity % 4 7 13 15 15 15 16 16
Heat % 0 0 0 0 0 0 0 0
Biomass % 62 49 38 36 35 33 32 32
By sector
Industry % 9 12 23 25 25 29 27 27
Transport % 5 7 11 12 12 12 12 13
Households & services % 73 65 59 58 58 54 56 56
Non energy uses % 13 16 7 6 6 5 5 5
Electricity consumption 1990 2000 2010 2013 2014 2015 2016 2017
Total TWh 4.7 12.5 34.5 42.9 46.0 48.6 52.9 56.3
of which
Industry % 58 43 57 56 56 56 56 56
Households % 26 44 32 33 34 34 34 34
Services % 13 10 10 8 8 8 8 8
Get the latest available data in our Global Energy & CO2 Data service
Total energy balance (Mtoe) 1990 2000 2010 2013 2014 2015 2016 2017
Production 10.8 15.2 26.1 28.8 29.5 31.2 33.4 33.7
Imports 2.29 3.53 4.54 5.64 6.18 7.07 6.51 7.18
Exports 0.13 0.06 0.23 0.11 0.09 0.04 0.11 0.04
Aviation and marine bunkers 0.12 0.16 0.44 0.42 0.45 0.46 0.49 0.55
Stock Changes -0.06 0.06 0.03 -0.06 -0.13 0.05 0.20 0.18
Primary Supply 12.7 18.5 30.0 33.9 35.0 37.8 39.5 40.5
Final Consumption 10.9 15.2 22.8 24.8 25.7 28.0 28.8 29.5
of which Industry 0.97 1.85 5.17 6.11 6.31 8.04 7.89 7.99
Transport 0.54 1.00 2.61 2.88 3.11 3.25 3.45 3.75
Residential & Services 7.99 9.88 13.4 14.3 14.8 15.2 16.1 16.4
Non-Energy Uses 1.37 2.44 1.64 1.57 1.44 1.51 1.38 1.35
Mtoe
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2002 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Get the latest available data in our Global Energy & CO2 Data service
Economy
GDP
GDP measures the economic activity
of a country. To allow comparison
between countries and avoid the
impact of inflation it provided in
constant price at purchasing power
parities (converted on the basis of
the exchange rate of 2005 and the
rate of purchasing power parity of
World Bank).
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