bangladesh: Gautam Adani to start exporting electricity to energy-starved Bangladesh – Blue Barrows

In a bid to help energy-starved Bangladesh, Asia’s richest man Gautam Adani has laid down a plan to start exporting electricity from a coal-fired plant in Jharkhand to the South Asian nation before the end of the year.

Taking to Twitter, Adani, who recently broke into the top three in the Bloomberg Billionaires Index, said that 1600 MW Godda Power Project in Jharkhand state will provide a dedicated transmission line for the exports by December 16.

Adani made the announcement in a Twitter post on Monday evening after meeting Bangladesh’s Prime Minister Sheikh Hasina.

Bangladesh boasts of an electrification rate of 97% – which means that almost all of its population have access to electricity. The neighbouring country has also raised its total power generation capacity to 25,700 megawatts (MW), against peak demand of about 15,000 MW.

But since June this year, the South Asian nation has seen a return of frequent power outages as it’s government struggles to keep rising fuel cost down.

Bangladesh’s power sector relies on imports of fossil fuels, including Liquefied Natural Gas, for electricity generation. Natural gas alone accounts for 60 per cent of power generation.

In 2016, as part of its master plan for the power sector, Bangladesh planned to raise the share of coal to 35% of power generation by 2041. But funding and environmental concerns have forced the neighbouring country to cancel plans for 10 coal power plants.

The country’s existing renewables capacity is insufficient to serve growing power demand.