A Thriving Power Sector
Bangladesh: 2021 vision for energy sector
Note: This article originally appeared in Beaming Bangladesh 2019: A Magazine of the Embassy of Bangladesh.
Global energy demand is expected to increase over the next few decades, especially in developing countries, due to rapid economic growth, urbanization and projected increases in population. Most developing nations will need to radically change their energy policies to accommodate this accelerated demand. Investment from the private sector would only be part of the solution. Government must lead.
Bangladesh has emerged as a model for energy independence through its energy diversification strategy, which focuses on construction of nuclear power plants to reduce the country’s dependence on natural gas and encourage the use of renewable energy such as solar power.
With a population of 166 million, Bangladesh has experienced robust economic growth. Over the past two decades, Bangladesh’s economy has grown at an annual rate…
