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Bangladesh Infrastructue > Oil & Gas

Contents

Contents

General Detail

General Information

Infrastructure

Vision 2021

Introduction

Surface Transport

Industry

Roads

Ports

Telecom

Power

Oil & Gas

Budget

Budget 2011-12

Banking

Banking

Travel

Travel

Policies

Export Policy

Import Policy

Trade Policy

Foreign Policy

Economic Policy

Trade

Trade

Foreign Direct Investment

Tax Structure

Tax System

Important Contacts

Important Contacts

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Public Efforts
In order to encourage people to use renewable energy, some of the significant steps taken by the Government are:

  • The use of Solar Panel in all large public buildings to be mandatory within 3 years

  • Solar Panel import made duty-free

Immediate steps to be taken

  • Providing policy-strategic and financial support to wind-mill power generation

  • Encouraging setting up of Bio-digester Plant

  • Encouraging the establishing of solar panel producing industry

  • Providing adequate investment in power sector enterprises

  • Fixing maritime boundary with India and Myanmar

  • Reducing the tendency of quick withdrawal of invested money of international oil companies under   Production Sharing Contract (PSC)

  • Determining rational price to ensure sustainable development of energy sector

  • Developing and sustaining skilled professionals with knowledge on various sources of energy

  • Finalizing of Coal Policy

  • Expediting the import of LNG

  • Expedite onshore bidding process

Conclusion
The target for achieving higher economic growth with power supply deficit has faded other achievements in infrastructural development of the country; therefore, private investors are not showing much interest in investments. Power is one of the significant raw materials for all sorts of industries starting from agricultural industries. Electrification is also necessary for increasing socio-economic activities in rural areas. In order to overcome the present power deficit situation, targets are fixed in the Outline Perspective Plan of Bangladesh. If we go ahead as planned, it will be possible for all citizens to have access to power within 2021. In addition, the use of coal for power generation will be enhanced through reducing the dependence on natural gas and contribution of renewable energy in electricity production will also be increased.

A six year plan up to 2016 has been adopted to improve power scarcity and provide excess power for future. Vision of increasing economic growth to 8 percent by 2014 and 10 percent by 2017 through industrialization will be a reality with the implementation of this plan. It will ultimately help to reduce poverty and achieve Millennium Development Goals by employment generation in the country.

It is true that there are some inbuilt uncertainties in the production plan for power or primary energy resources. Power plants are not installed as per schedule, there are inevitable delays. Transmission and distribution capacity does not always match power generation capacity. In producing primary energy resources such as, gas, all programmes are not successful, even development and workover of gas wells may fail. The success rate in exploration activity is unpredictable. Considering all these uncertainties, plan in this sector always needs to be ambitious. Following the theme, this action plan prepared by the Present Government is also ambitious. We will be successful in fulfilling the desire of the nation, InshAllah.

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