Energy Sector in Bangladesh1

INTRODUCTION

Energy plays an essential role in an economy on both demand and supply. Also, energy is crucial
to the enhancement of living standard. The energy sector is a category of stocks that relate to
producing or supplying energy. This sector may include the companies which involved in the
exploration and development of oil or gas reserves, oil and gas drilling, or integrated
power firms. Energy sector is involved with the production and sale of energy,
including extraction, manufacturing, refining and distribution. Energy is a key input for the
production of goods and services. Physical capital uses energy to provide its contribution to
production.

According to Peter Voser, Energy: The Oxygen of the Economy, “Without heat, light and power
you cannot build or run the factories and cities that provide goods, jobs and homes, nor enjoy the
amenities that make life more comfortable and enjoyable.”

To enhance employment opportunities, policies and incentives are there to facilitate the growth
of both the agricultural and industrialsector which are totally depends on electricity. However,
generation and supply of electrical power in the country is lagging much behind the growing
demand prohibiting sustainable growth of the economy. Bangladesh largely depends on natural
gas and hydro power stations to generate major portion of power. But our demand rises day by
day and power crisis becomes a major problem for our country nowadays. Though many power
generation units have been added to the national grid to solve the power crisis issue, but it is not
enough. High demand and increasing need of power have created challenge for the power
stations to meet the demand.

Electricity Petroleum

Natural
Coal
Gas
Energy
Sector
 Energy Sector in Bangladesh2

ELECTRICITY SECTOR

In this modern era economic and development activities of a nation largely depend on supply of
electricity. In FY 2013-14 about 68 percent of the total population of the country has access to
electricity (including renewable energy) and per capita electricity generation is 348 KWh, which
is still low compared with other developing countries. Recognizing this fact, the Government as
in the previous tenure has taken necessary initiatives to reform and restructure the power sector.
In order to fulfill the vision and election manifesto target, the Government has planned to
generate additional 24,000 MW electricity within 2021 under short, medium and long term
planning and committed to make electricity available to all by 2021.The electricity generation
capacity has exceeded the target (8,000 MW within the year 2015) and reached to 10,341 MW
by June 2014. Up to June 2014 total 9,380.7 circuit kilometers transmission lines and 3,
17,928kilometers distribution lines with necessary infrastructure have been constructed.

POWER GENERATION
The net energy 42,195 MKWh was generated in total from public and private sector power plant
during FY 2013-14 out of which 47 percent power generated by public sector power plants. The
share of gas, hydro, coal, power import from India and oil based energy generation were 72.42
percent, 1.39 percent, 2.46 percent, 5.37 percent and 18.35 percent respectively. In FY 2012-13,
38,229 MKWh net energy was generated. Energy growth in FY 2013-14 was about 10 percent.

Energy Generation by Fual (FY2013-14) Energy Generation by Ownership (FY2013-

14)
Natural Gas Hydro Coal
Power Import Diesel Furnace Oil Private Public

15%
3%
5% 47%
2%
1% 53%

72%
 Energy Sector in Bangladesh3

YEARLY ELECTRICITY PRODUCTION & CAPACITY

For the last few years, though for few times electricity generation was sufficient but due to
capacity constraint of transmission and distribution line and sub-station electricity could not be
supplied to the consumers. In spite of having sufficient generation electricity could not be
supplied to the consumers due to transmission and distribution bottleneck. From the historic data
it is found that in 1995-96 maximum generations was 2,087 MW which is increased to7, 356
MW in 30th March 2014.

Yearly Electricity Production & Capacity

Production Capacity (MW) Maximum Production (MW)
8525
8100

6639
6350
6066
5166 5271
4890
4606
4162

2008-09 2009-10 2010-11 2011-12 2012-13

COMPOUND GROWTH RATE

Year Production y* t t^2 y*t

2008-09 4162 3.619302 1 1 3.619302
2009-10 4606 3.663324 2 4 7.326648
2010-11 4890 3.689309 3 9 11.06793
2011-12 6066 3.782902 4 16 15.13161
2012-13 6350 3.802774 5 25 19.01387
   Total 18.55761 15 55 56.15935
 Energy Sector in Bangladesh4

18.558× 15
56.159−
5
b*= 15 2
55−
5

b*= 0.049
Compound growth rate = (anti b* - 1) × 100
= (1.119 -1) × 100
= 11.9%
INTERPRETATION :

On an average, the compound growth rate of producing of electricity has increase about 11.9%
during the period 2008 to 2013.

CONTRIBUTION OF ELECTRICITY IN GDP AND ITS GROWTH RATE

Particulars 2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013-
06 07 08 09 10 11 12 13 14
Growth rate (%) 7.92 4.44 7.21 7.13 10.50 15.82 10.97 9.69 8.16
Contribution in 0.99 0.97 0.98 1.00 1.04 1.13 1.17 1.21 1.23
GDP (%)

According to the base year 2005-06, the growth rate of electricity is 8.16% in FY 2013-14. In the
early year 2010 the growth rate of electricity is very high compare to the other years. After that
the growth rate has sudden decrease and then continuously decreases to 8.16 in FY 2013-14.

FUTURE POWER GENERATION PROGRAM

The Government has prepared Power System Master Plan 2010 to realise the goal to provide
access to electricity to all. According to the Power System Master Plan (PSMP-2010) study, the
maximum demand in 2015, 2021 and 2030 would be about 10,000 MW, 19,000 MW and 34,000
MW respectively. To meet the demand with reasonable reliability, generation capacity will be
increased to 24,000 MW and 39,000 MW by the year 2021 and 2030 respectively. To meet this
 Energy Sector in Bangladesh5

demand of electricity short, medium and long term generation, transmission and distribution and
lines expansion projects are in the various stages of implementation. According to the existing
generation expansion programme, about 17,155 MW new generation will be added to the
national grid from 2014 to 2021.

Sl. No. Items 2013-14 2020-21

1. Installed Capacity, MW 10,341 24,000

2. Maximum Demand, MW 7,500 20,000
3. Net Generation, MKWh 42,195 72,222
4. Transmission Line, ckt. Km. 9,380.70 12,000
5. Grid Substation Capacity, MVA 9,325 19,075
(a) 400 KV & 230 KV 12,983 27,367
(b) 132 KV 500 1,100
(c) HVDC substation capacity (MW)

6. Distribution Line, KM 3,17,928 477,558

7. Number of Consumers (in lakh) 154.07 207
8. Number of Village Electrified 50,564 84,323
9. Per Capita Generation,KkWh (including 348 600
captive)

10. Access to Electricity (including renewable 68% 100%

energy)

NUCLEAR ENERGY

Since 1960s, a plan has been taken to establish a nuclear power plant in the country. But no
effective action had taken in the last 50 years except land selection and acquisition for the
nuclear power plant. Present Government, with the technical assistance of Russia , has made
effective arrangement to establish a nuclear power plant with a capacity of 1000 MW in the pre-
determined location at Rooppur. In this respect, Bangladesh government has signed a framework
agreement with the Russian National Nuclear Institute. It is expected that the country will be able
to enter into nuclear age through the establishment of nuclear power plant by 2016.

CHALLENGES OF NUCLEAR ENERGY SECTOR

 Energy Sector in Bangladesh6

In order to remove energy deficit and build up energy security in the country, the probable
challenges are:

 Necessary fund provision.

 Ensure safety of the population and environment.
 Build up the trained and efficient manpower in order to administer and maintain the
nuclear plant.
 Build up awareness among general people regarding the risk and prevention of nuclear
power centre.

RENEWABLE ENERGY
Solar Energy is a great source for solving power crisis in Bangladesh. Bangladesh is situated
between 20.30 and 26.38degrees north latitude and 88.04 and 92.44 degrees east which is an
ideal location for solar energy utilization. In the Government power generation plan emphasis
has been given for the development of renewable energy resources. In this context renewable
energy policy has been approved. According to the policy 5 percent of total electricity generation
would come from renewable energy by the year 2015 and 10 percent by 2020.

Renewable energy comes from different types of natural resources mainly from sunlight, wind,
rain, tides, and geo thermal heat, biodiesel, bio fuel, etc. Many Government and non-government
organizations are working with different types of renewable energy sources to provide electricity
to the common masses. To fulfill our electricity demand solar energy through solar home system
(SHS) has become popular in Bangladesh due to its low price.

RENEWABLE ENERGY POTENTIAL

Bangladesh has a long legacy in the field of Renewable energy, which started back in 1957 with
the start of construction of Country’s first hydroelectric project on Karnaphully River at Kaptai,
Chittagong. In October 1988 the fourth and fifth generating units, both 50 MW Kaplan-type
turbines, were installed which raised the total generation capacity to 230 MW. Since then, there
is a long gap until the mid of 80’s, when initiative of private sector played an instrumental role to
install the 1st Solar Home System (SHS)with the single installation of a home system at Sylhet,
which subsequently helped to give birth the world’s biggest and most successful SHS program
 Energy Sector in Bangladesh7

under Infrastructure Development Company (IDCOL). Since the introduction of SHS in 1996, it
has become now the biggest renewable energy program in Bangladesh, so far installed 3 million
units and ever increasing its number due to an integrated program undertaken by the government
through its financial institution IDCOL.

This Solar Home System (SHS) is a robust and reliable system and it owes much of its success to
a unique rural credit and ‘cost buy down’ system that it employs to improve access by rural
households

Several fiscal incentives have been extended by the government to Renewable Energy project
developers and investors. Dedicated funding support has also been extended through government
financial institutions like Bangladesh Bank and IDCOL, as well as through private commercial
banks. Moreover, government has extended fiscal incentives including duty exemption on certain
renewable energy products, e.g. solar panel, solar panel manufacturing accessories, LED light,
solar operated light and wind power plant

PRESENT STATUS

Till now, national capacity of renewable energy based power is approximately 405 MW, shown
below:

S.L. Technology Off-Grid On-Grid Total

1 Solar PV 184 MW 1 MW 185 MW

2 Wind 1 MW 0.9 MW 1.9 MW
3 Hydro - 230 MW 230 MW
4 Biogas to Electricity 5 MW - 5 MW
5 Biomass to Electricity 1 MW   1 MW
  Total 191 MW 232 MW 423 MW
 

FUTURE PLANS AND TARGET (RENEWABLE ENERGY)

The government has prepared a Power System Master Plan-2010 (PSMP) to improve and expand
electricity supply to support GDP growth in the 7 to 8 percent range.  To meet the demand with
reasonable reliability, installed capacity to be increased to 24,000 MW and 39,000 MW by 2021
 Energy Sector in Bangladesh8

and 2030 respectively. The Renewable Energy Policy obligates the renewable energy share to be
10% by 2020 that means it would be 2,000 MW. To meet this target, government has prepared a
year-wise plan, which is a bit upper range from the policy target. The year-wise plan is as
follows:

Renewable Energy Year-wise targeted plan

RE 2015 2016 2017 2018 2019 2020 2021 Total

Tech
Solar 222 253 421.75 237 195 203 208 1739.8
Wind 0 20 250 350 350 200 200 1370
Biomass 1 16 6 6 6 6 6 47
Biogas 1 1 1 1 1 1 1 7
Hydro 0 2 2 0 0 0 0 4
Total 224 292 680.75 594 552 410 415 3167.8

COAL:

Our coal resource has unlimited potential for the diversification of energy sources in the country.
The proper utilization of extracted coal can be ensured by establishing Coal-based power plants
as well as using coal as a source of energy in the manufacturing industries. It should be noted
here that the coal available in Bangladesh is considered to be of high quality for its high level
heat generation capacity.

RESERVE AND CONSUMPTION:

High quality bituminous coal mines have been discovered at Khalashpir of Rangpur,
Boropukuria, Fhulbari and Jamalganj of Joypurhat in the north-western zone of the country. The
total reserve is around 2797 million tonnes and the heat generation capacity is equivalent to
about 37 TCF of gas. There is ample scope of discovering additional coal mines if extensive
exploration initiatives are undertaken all over the country. The existing coal reserves of the 5
coal mines of the country are shown below:
 Energy Sector in Bangladesh9

Exploration Year of location Depth Magnitude of mine Actual Reserve (Million

(Meter) area (Sq. km.) Ton)

Boropukuria, Dinajpur (1985) 119-506 6.88 390

Khalashpur , Rangpur (1995) 257-483 12.0 143 (GSB)33, 68

(Hosaf)

Fhulbaria, Dinajpur (1997) 150-240 30.0 572

Jamalganj, Bogura (1965) 900-100 16.0 1050

Dighipara, Dinajpur(1995) 327 Not Available 200 (Partial Evaluation)

USE OF COAL:

Use of Coal is increase day by day. Coal plays an important role to produce electricity. In
Fy2009-10 the use of coal in electricity sector is 3.77%.

Fig: Use Coal for Electricity (%)

STEPS TO BE TAKEN TO TACKLE THE PROBLEMS OF THE COAL SECTOR:

 Energy Sector in Bangladesh10

Although Bangladesh has substantial deposit of quality coal, there is a concern about the method
of extraction as well as the technological security. Experts recommend that the quick resolution
of energy problems lies on coal import. In order to solve the problems, the Government needs to
do the following:

 Finalize coal policy immediately

 Formulate coal extraction plan consistent with social and environmental safeguards
 Build up mass awareness regarding the method of extraction, especially, for the open pit
coal mines
 Obtain public opinion of the locality and ensure rehabilitation of the affected people of
the area where open pit mining is found to be economically profitable
 Clarify government’s policy stance on import of coal.

PETROLEUM (OIL):

Bangladesh has low level of domestic reserves of petroleum along with insignificant production
capacity. Relatively, high level of consumption has made it a net oil importer country.

EXPLORATION, PRODUCTION

Exploration and production activities are primarily carried out by the Bangladesh Petroleum
Exploration and Production Company (BAPEX). However, the country has also initiated several
Production Sharing Contracts (PSCs) with foreign oil companies.

REFINING AND BLENDING

Under a Processing Agreement with BPC, Eastern Refinery Limited ERL processes crude oil
imported by BPC and delivers the finished petroleum products to the other subsidiaries of BPC
for marketing and distribution

DISTRIBUTION

In the downstream, Padma Oil Company Limited (POCL), Jamuna Oil Company Limited
(JOCL), Meghna Petroleum Limited (MPL) and LP Gas Limited (LPG) is participating in
distribution activities of petroleum products.
 Energy Sector in Bangladesh11

PETROLEUM PRODUCTS

Bangladesh Petroleum Corporation (BPC), one of the largest state owned enterprises in the
country, is responsible for importing petroleum product and ensures their uninterrupted supply.
Besides this, it also provides storage facilities to ensure energy security of the country. In order
to create facilities for discharging refined and crude oil in the deep sea, BPC has taken up a
project titled ‘Single Point Mooring’. It has also taken up a programme for scaling up the
refining capacity of the Eastern Refinery Ltd.

Import of Crude Oil

FY Quantity(Metric C&F Value/Million Crore Taka

tonnes) US$
2001-02 1224707 220.19 1277.78
2002-03 1331003 289.30 1693.03
2003-04 1252424 314.12 1848.43
2004-05 1063208 364.01 2261.98
2005-06 1253285 573.65 3901.16
2006-07 1211037 604.73 4196.85
2007-08 1040084 762.08 5288.85
2008-09 860877 494.44 3431.40
2009-10 1136567 646.21 4491.41
2010-11 1409302 978.81 7037.00
2011-12 1085937 919.26 7053.51
2012-13 1292102 1060.30 8536.70

SUBSIDY FOR PETROLEUM PRODUCTS

Bangladesh Petroleum Corporation (BPC) imports crude and refined petroleum products every
year according to national demand. As the international price of crude and refined petroleum
 Energy Sector in Bangladesh12

products is higher than the domestic selling price, BPC incurs loss by the selling these. The
Government has to pay subsidy for import of petroleum products to make good the loss.

Amount of Subsidy given to BPC by the Government

FY Amount of Subsidy
2008-09 1500.00
2009-10 900.00
2010-11 4000.00
2011-12 8549.50
2012-13 13557.83
2013-14 2477.60

If the government increases its subsidy in the petroleum, then profitability of the companies
operating in the refining and distribution will increase because of volume increase. Also, if the
increased petroleum cost is transferred to the end-users, profitability of the existing companies in
refining and distribution will also increase. In the absence of increased subsidy and price hike in
the retail end, profitability of the existing companies in the value chain will shrink.

NATURAL GAS  

Major Source of our primary energy is natural gas. It is considered as one of the driving forces of
the economy of our country as three-fourths of the total commercial energy is provided by
natural gas. As many as 23 gas fields have been discovered since 1955 when the first gas field
was found in Sylhet. In the past, in order to export gas, different initiatives were taken by
enhancing the actual reserve of natural gas and being over-enthusiastic about exploration of new
gas fields.

NATURAL GAS RESERVES

Natural gas is an important source of energy that accounts for 72 percent of the commercial
energy of the country. Till date 26 gas fields have been discovered in the country. According to
 Energy Sector in Bangladesh13

the latest estimate total initial gas in place (GIIP) is 37.91 trillion cubic feet (tcf), of which
27.07tcf is recoverable in proven and probable categories. As of June 2014, total 12.14tcf gas has
been produced leaving 14.94tcf net recoverable. A total of 800.6 billion cubic feet (BCF) gas
was produced in FY 2012-13 and 820.3 BCF gas was produced in FY 2013-14.

Status of Gas Production and Reserve (In Billion Cubic feet)

Year Producing Reserve(Recoverable Cumulative Remaining
Wells ) Production reserve
2005 62 20,509.10 6,036.90 14,472.201
2006 67 20,509.1 6,557.49 13,951.606
2007 73 15,188.80 7,054.36 8,134.44
2008 79 20,631.50 7,722.45 12,909.05
2009 79 21,055.1 8,376.3 12,678.8
2010 79 20,605.1 9,077.66 11,528.1
2011 79 20,605.10 9,788.30 10,816.80
2012 84 26,877.5 10,514.2 16,363.3
2013 84 27,038.5 11,314.95 15,723.58
2014 90 27,072.13 12,135.22 14,936.91
Source: Bangladesh Economics Review, 2005-2014

SECTOR WISE NATURAL GAS CONSUMPTION

Natural gas is the main source of fuel for power, fertilizer, industrial, commercial and domestic
sectors. The supply of gas has been scaled up in the generation of electricity. In 2009, 55 percent
of total extracted gas used to be consumed for electricity generation, now that has increased to 57
percent. The volume of gas that was supplied to the power sector in 2009 has been increased by
10 percent in 2010. At the same time, the use of gas has increased by 1 percent in each of the
industry, CNG and household sector separately, even though it has declined by 10 percent in the
fertilizer industry.
 Energy Sector in Bangladesh14

Sector wise Gas Consumption FY2013-14

2% 21%

Power
Captive Power
Fertilizer
8% Industry
Tea Estate
Commercial
57% Domestic
3% CNG

8%
0%
1%

In the last six years, the gas use rate has been the highest in the CNG sector. However, over the
last two years, it has been increasing at a lower rate. In the power sector, it increased at a higher
rate during 2008 to 2010. In recent years, though gas use was increasing at a decelerated rate in
the captive electricity generation, the rate is higher than that of the power sector.

NATURAL GAS PRODUCTION

Natural gas production is increase day by day. In FY2013-14 the consumption of natural gas is
increase highly. The highest consumption is 57% in power sector. The consummation of
fertilizer and industry sector is increasing highly. So the demand for gas is very high in
Bangladesh. In this situation it is very necessary to increase gas production. In FY1999-00
natural gas production was 335.53 billion cubic feet. Now it is increase to 820.3 billion cubic
feet. From this diagram we see that production of natural gas increasing continually. In FY2002-
2004 the growth rate is slow after that it is increase faster.
 Energy Sector in Bangladesh15

Production(In billion cubic feet)

900
800
700
600
500
400
300
200
100
0
0

4
-0

-0

-0

-0

-0

-0

-0

-1

-1

-1

-1
-0

-0

-0

-1
99

00

01

02

03

04

05

06

07

08

09

09

09

09

09
19

20

20

20

20

20

20

20

20

20

20
20

20

20

20
Production(In billion cubic feet)

COMPOUND GROWTH RATE

Year Production y* t t^2 y*t

2009-10 703.6 2.847326 1 1 2.847326
2009-11 708.9 2.850585 2 4 5.70117
2009-12 743.57 2.871322 3 9 8.613966
2009-13 800.6 2.903416 4 16 11.61366
2009-14 820.3 2.913973 5 25 14.56986
   Total 14.38662 15 55 43.34599

14.387 ×15
43.346−
5
b*= 15 2
55−
5

b*= 0.019
Compound growth rate = (anti b* - 1) × 100
= (1.045 -1) × 100
= 4.5%
 Energy Sector in Bangladesh16

INTERPRETATION :

On an average, the compound growth rate of producing of gas has increase about 5% during the
period 2009 to 2014.

DEMAND FOR NATURAL GAS

Demand of natural gas is rising at a rate of around 8 percent per annum. Various activities are
underway to increase supply of gas matching the demand. Drilling projects have been taken to
increase gas production by 675 million cubic feet per day by year 2016. Besides steps have been
taken for importing 5 million tonnes of LNG per annum equivalent to 500 million cubic feet of
gas per day:

Sector-wise Average Gas Demand

2010-11 2011-12 2012-13 2013-14 2014-15
Power 328.8 379 416 458 504
Captive 134.1 217 234 258 284
Fertilizer 60.0 94 94 94 94
Industry 135.7 247 259 280 307
Commercial 8.8 13 13 14 14
Brick 0 0 0 0
Domestic 89.7 140 148 168 185
Tea-Estate 0.8 1 1 1 1
CNG 37.8 113 121 153 168
System Loss 4.8 20 20 20 20
Total 800.6 1222 1306.5 1444 1577

CONTRIBUTION OF NATURAL GAS IN GDP & ITS GROWTH RATE:

According to the base year 2005-06, the growth rate of natural gas is 1.71% in FY2013-14. In the
early year 2006 to 2009 the growth rate of natural gas is very high compare the other year. After
that the growth rate is suddenly fall to 0.07%. The contribution of natural gas in GDP is very
low. In the year 2005 the contribution of GDP sector is 0.99%. After that it is increasing slowly.
The highest contribution is 1.23% between 2005 to 2014.

2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013-

 Energy Sector in Bangladesh17

06 07 08 09 10 11 12 13 14
Growth rate 6.63 8.46 8.53 10.33 8.78 0.07 7.45 5.91 1.71
(%)
Contribution 0.99 0.97 0.98 1.00 1.04 1.13 1.17 1.21 1.23
in GDP (%)

Problems of Energy sector

We are facing serious challenges in the energy sector. Better energy sector promises economic
benefits and huge improvements in people’s standards of living, but also involves much more
use of energy. There mast be unsustainable pressure on natural resources and on the environment
if energy demand is not de-coupled from economic growth and fossil fuel demand.

 The first challenge will be to invest enough to keep up with the growing demand for
global energy while keeping final energy costs under control.
 Energy sector relates specifically to the regulation of greenhouse gas (GHG) emissions. 
 Another challenge is massive urbanization, particularly in emerging and developing
countries.
 Consumption of fossil fuel (coal, petroleum and natural gas) resources leads to global
warming and climate change.
 High use of bio-diesel leads to land use changes including deforestation.
 Unsustainable firewood harvesting can lead to loss of biodiversity and erosion due to loss
of forest cover.

Priority action

For the future, it is important for Bangladesh to focus on capacity expansion based on lowest-
cost criteria to minimize the cost of power to the economy for supporting poverty reduction and
improving the competitiveness of the economy. In arriving at the desired mix, a combination of
options could be considered along with supportive policies.

(i) In the present situation, since the base-load power plants such as coal-fired steam turbines,
nuclear power and gas-fired combined cycle plants are likely to take either a longer time to come
online or are constrained by the availability of natural gas, plans may have to be worked out to
 Energy Sector in Bangladesh18

make strategic use of the existing rental/quick rental power plants on the basis of appropriate
techno-economic feasibility studies. Moreover, the possibility of converting these plants into
gas-based plants (with some additional investment) could be explored.11

(ii) Priority should be given to optimizing existing installed capacity, e.g., capacity stalled due to
administrative reasons or non-repair/non-overhauling and gas supply constraints.

(iii) There is a need to implement programs to reduce transmission and distribution losses and
undertake energy efficiency and energy improvement projects including rehabilitation of old
plants and improving their efficiency.

(iv)Authorities should adopt measures for demand-side management (DSM) such as popularizing
the use of CFL.

(v) Policy-makers should take quick decisions for accelerating the implementation of Phase 3
(medium term) and Phase 4 (long term) of the government’s PSMP.

Conclusion:

Energy sector is one of the most important sector in Bangladesh. Bangladesh economy can not
run without energy sector. Bangladesh has maintained an impressive average GDP growth
of 6.2% over the last decade. Along with the growth of economy, the consumption for Power has
grown steadily as well - a testament to which would be the growth in per capita electricity
consumption of 9.5% CAGR over the last decade. Large and young population(median age of 24
years only), growing urban population and potential for further industrialization represent
significant growth potential for the power sector.