The ongoing gas and electricity crisis in the country is causing significant disruptions in all types of industrial production, including cement, steel, ceramics, oil refining, sugar refining, garment manufacturing, and car assembly. With power outages for half of the day, production has declined by more than half, while production costs have increased due to the use of alternative fuels.
For example, a steel factory in Chittagong has seen its production capacity drop from 800 to 200 tons per day due to power and LC shortages. The country’s dollar crisis has worsened the power problems, and increasing demand for electricity, coupled with load shedding, has led to a dramatic decrease in industrial production. The power generation capacity in the country is 23,700 megawatts, but due to the energy crisis, around 9,200 megawatts of capacity remain unused. Load shedding of up to 2,500 megawatts is being experienced, and if the Payra 1,320 MW power plant shuts down, the situation may worsen.
The current deficit between power generation and demand is around 2,000 to 2,500 megawatts per day. The intensified heat and production crisis of large coal-based thermal power plants, along with decreased production of oil-based power plants, are contributing factors to the increase in load shedding. Industries are facing challenges such as reduced production, LC issues, increased fuel costs, and overall business challenges.
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