Bangladesh is facing daily load shedding of 2,000-3,000 megawatts due to a significant gap between electricity demand and production. Despite this shortage, six furnace-oil power plants with a combined capacity of 600 MW remain idle as the government has not yet decided on their continued operation under a “no-electricity, no-payment” mechanism. Experts suggest that restarting these plants could alleviate a third of the load shedding without requiring new investment.
These furnace-oil plants are more economical during peak periods compared to other power sources and can quickly adjust to fluctuating demand. Industry insiders believe that continuing these plants under a performance-based model could boost efficiency and reduce the need for expensive alternatives like diesel-run power stations. Additionally, the country’s growing energy demand, coupled with supply constraints from coal and gas plants, has further complicated the situation, leading to frequent power cuts across urban and rural areas.
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