Fuel Diversification and Future Energy Security in Bangladesh

Abstract

Despite the success of increasing generation capacity, still, Bangladesh is heavily dependent on natural gas and imported fuels. Constraints of primary fuel cause inability to generate sufficient electricity to meet standards. The nation’s huge dependence on imported fuel has also attributed to fiscal burden, exerting multidimensional pressures on its economic development drives. Thus, proper preparation for the near future and planning for fuel diversification strategies, keeping in line with the trends in the global markets, is very crucial for Bangladesh . Bangladesh can look forward to replacing fossil fuel and non-renewable energy with the renewables to match its local energy demand as a part of its fuel diversification drive and to ensure energy security .

This chapter is prepared from the doctoral thesis of Sakib Bin Amin and his class lectures on Energy Economics and Policy at North South University, Bangladesh.

Earlier versions of this article were published on the Daily Asian Age on Monday, 20 February 2017, and on the Daily Star on Saturday, 18 February 2017.