In the last decade, power and energy sector has witnessed a revolutionary enhancement and progress in our country. Under the able leadership of Prime Minister Sheikh Hasina, subsidies were provided constantly to this sector.
Now the government is going to drill two more wells in offshore and onshore areas for exploring more gas reserves. Besides, the country’s first drilling work in the Bay of Bengal has already been completed reaching about 3300 meters deep.
We recommend the government to
approve various range of energy efficiency
programmes for the future of country’s
energy security
The drilling work was supposed to start long ago. Although late, it is good news for us. However, it is necessary to drill at least 10 such wells in the Bay of Bengal every year. Then we could get a clear idea there. Besides, a multi-client survey should be done as soon as possible to get an accurate idea of the number of mineral resources in the whole Bay.
To meet the domestic demand, Bangladesh is importing costly LNG from the international market. If the country finds sufficient reserves in offshore and onshore, it can help overcome the current crisis and save a huge amount of money.
Alongside this project, government can also focus on originating more research and development programmes. This should be done to explore more sustainable source of power generation and instead of using oil we can extract cheap gas-base solutions for electricity production, which will further decrease the cost of production and increase profit. If private investment increases, then healthy competition should also be raised among the power generators which will led to economic welfare and also improvement in the quality of service. We also recommend the government to approve various range of energy efficiency programmes for the future of country’s energy security.
