Bangladesh to Ditch Coal, May Shift to LNG, an Industrial Info Market Brief

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The power sector of Bangladesh has witnessed impressive growth over the past few years and has been mostly reliant on natural gas for its energy needs, but due to no significant gas discovery in recent years, it has tried a shift toward coal and liquefied natural gas (LNG). Many coal-fired power plants have been announced in the country, but lately it has been observed that these coal-fired projects have not made much progress due cost competitiveness over alternatives and other financing issues. Thus, Bangladesh is planning to review their energy strategy and in a bid to move away from coal, convert big planned coal-fired plants into LNG-based plants, as LNG attracts financiers easily unlike coal, due to its declining price and clean reputation.

Industrial info will be closely tracking this development in Bangladesh. Please find below the fuel type breakdown of upcoming power units in Bangladesh.