December 15, 2015
Honorable Energy Advisor to Prime Minister, Dr. Towfiq-e-Elahi Chowdhury,
Honorable State Minister of Power, Energy and Mineral Resources, Mr. Nasrul Hamid,
Respected Secretary of Power Division, Mr. Monowar Islam,
Ladies and gentlemen.
Assalam alaikum, Namaskar, Good Afternoon.
It is indeed a great pleasure for me to attend the Interim Seminar for Power Sector Master Plan, or PSMP, 2015.
Last year, Honorable Prime Ministers of Japan and Bangladesh agreed to elevate the bilateral relationship to a new height called Japan-Bangladesh Comprehensive Partnership. They also announced the initiative of "the Bay of Bengal Industrial Growth Belt," or BIG-B, as a means to guide their development partnership.
The BIG-B initiative is aiming for accelerating industrial agglomeration along the Dhaka-Chittagong-Cox's Bazar belt and beyond. BIG-B foresees Bangladesh, by maximizing its geographical advantage, to become a heart of the regional economy, providing a gateway for both South Asia and South-East Asia, so that she can reshape herself as a sparkling trading nation which is deeply incorporated into regional and global value chains.
BIG-B consists of three pillars: developing economic infrastructure, improving investment environment and fostering connectivity. The power and energy sector accounts for the first and second pillars. It is indeed no exaggeration to say that BIG-B and the power and energy sector share the same destiny.
Ladies and gentlemen,
Bangladesh has to diversify its source of power and substantially increase its generation capacity to meet the surging demand for electricity. To tackle this challenge, the survey team has been working on drafting a power development plan, assuming diversification of primary energy to the variety of imported coal, domestic and imported gas, and imported oil.
On the other hand, primary energy for Bangladesh itself is at a turning point. In the course of the power development survey which started last year, we came to know that the demand and supply projection of primary energy should be analyzed and considered more deeply to obtain a more relevant Power Sector Master Plan. As a matter of fact, the policy for primary energy has not been updated since "NATIONAL ENERGY POLICY 2004" and "Gas Sector Master Plan 2005."
Thus, we all agreed to add detailed analysis and projection of primary-energy demand and supply as a part of PSMP2015. Now, we are to start with an in-depth analysis of economic development, referring to the experiences of other Asian countries, bearing in mind the Vision 2041 where Bangladesh aspires to become a developed country by the year 2041. Based on the macroeconomic analysis, the demand for primary energy will be projected, which, in turn, will make it possible for us to come up with a robust power development plan.
We will continue to collaborate with both the Power Division and the Energy Division to work out a holistic and practical master plan for the optimal development of the power sector as well as better policy-making of the energy sector. We would highly appreciate active participation from every corner of the government, development partners, academia and the private sector in brushing up the master plan.
In conclusion, I would like to stress that the energy sector and the power sector constitute twin engines for the development of Bangladesh. I hope the PSMP-2015 will provide a springboard for strong policy for power and energy as well as a cornerstone for the BIG-B initiative, paving the way for inclusive and dynamic development of Bangladesh for decades to come.
Shobaike Onek Donnobad. Thank you very much.