Monday, August 10, 2020 | ePaper

Retire rental power plants to save public money

  • Print
THE government is unmoved to the call for immediate shutting down of rental power plants to relieve the nation from huge annual payment against growing overcapacity charges, which was Tk 90 billion in 2019. The call only grew stronger lately because of the economic fallouts due to the Covid-19 as experts predict a further fall in existing power demand while paying for huge overcapacity every year has no justification.
In May, the US-based Institute for Energy Economics and Financial Analysis reported that Bangladesh could use only 43 per cent of its power capacity, which was 19,630 MW in 2019. The Centre for Policy Dialogue also urged the government recently to phase out the rental power plants to avoid drainage of the exchequer for idle generation capacity. Such load is only forcing people to pay higher power tariff that the government can now increase several times in a year   as per a new law passed recently by the current parliament.
But State Minister for Power has however plainly ruled out retiring the rental power plants    before their contracts expire. Needless to say many powerful people in and around the government own such rental power plants-17 now in operation since 2009 and they can produce 1,090 MW though they have to retire by now. Meanwhile more mega plants are in the process of commissioning under joint ventures although such expansion plan is focused on promoting multi-nationals' interest at the cost of the national interest. Their local agents are operating within the government. We must say such policy must be reversed when more than half the existing capacity can't be used.
The country now produces 20,279 MW electricity while consumption varies at best around    9.000 MW in summer and 6,000 MW in winter. Most industries produce their own electricity. It is unbelievable that the budget for 2020-21 has earmarked Tk 26,758 crore to pay for idle capacity which could be better used otherwise to implement more urgent projects.  
Need no mention that a very powerful business quarter politically close to the government is exploiting the rental contracts to make windfall money using the unused capacity at high unit price. The power sector has become an open ground for money launderers and it must stop.

More News For this Category

Deaths in road crash don`t bother the ministry of the government

AT LEAST 17 people were killed in four separate road mishaps in Mymensingh, Chuadanga, Narayanganj and Manikganj on Friday. During the Eid rush of travelling home and back, 242 people

Readers’ Forum

The Death Of A Dreamer"The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires." ? William Arthur Ward The power of one's own work

He embraced death as he embraced life

It is a truism that man is known by his manners. By that standard Muhammed Ali Mahbub was a decent man with a warm heart. I do not remember

Human Agonies Failure Of Sustaining Nature

Bellal Bin Quashem & Mohammad Emamul Islam :Love for the nature, finding the supernatural entity in nature and romantic poets' spontaneous thirsts for the nature and natural elements may pedagogize

DoA can't avert responsibility of ruining Somapura World heritage

WITHIN three years of the completion of several conservation and development projects, the Somapura Mahavihara has started to lose its shine. The 1,300 year-old UNESCO World Heritage Site bears the

icddr,b deserves all help at this trying time

THE International Centre for Diarrheal Disease Research, Bangladesh (icddr,b)   the country's one of the best known public health organization and acclaimed world-wide for innovation of dehydration therapy (Orsaline) to save

Economic Recovery Enable LICs, LDCs To Borrow Cheaply

Anis Chowdhury & Jomo Kwame Sundaram :International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that developing countries would need more than the earlier estimated US$2.5 trillion to provide

Education In The Largest Disruption Ever

Samira Sadeque :Countries with low human development are facing the brunt of school lockdowns, with more than 85 percent of their students effectively out of school by the second quarter

Life at risk of illegal, unsafe electric connections in city

PEOPLE in the flood-hit area are also at risk of electrocution as many residents have taken power connections using bamboo poles and hooks. As the authorities concerned are indifferent

Readers’ Forum

Harmful Jelly In ShrimpShrimp is one of the important sources of protein. This favorite food of many people is also an important export product of our country. Apart from