The Integrated Power Master Plan is economically non-viable, speakers said at an energy conference on Wednesday.
The national power master plan, formulated by the Institute of Energy Economics, Japan with support from Japan International Cooperation Agency, threatens to lead Bangladesh to even greater economic burden, they said.
鈥楾he power plan is designed for maximising the profit of Japanese companies, and simply a scheme for Japan in trying to re-sell their surplus LNGs to Asian Countries in Bangladesh,鈥� mentions Yuki Tanabe, programme director of the Japan Centre for Sustainable Environment and Society at a session on the second day of the energy conference titled Bangladesh Energy Prosperity 2050.
He further emphasises that IEPMP lacks economic viability as it proposes 15 per cent of Ammonia and Hydrogen co-firing in 2050, which is four times more expensive than renewables.
Speakers agree that the IEPMP should be revised.
In the other thematic areas of land constraints for renewable energy, bilateral and multilateral cooperation for energy transition, speakers highlight the role of Japan and G7 countries in progressing energy transition in Bangladesh, the potential of South-Asian Energy Cooperation and the historical responsibility and way forward of Asian Development Bank and Asian Infrastructure Investment Bank.