Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

IEEFA | Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA).

The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, and in markets globally. This is increasing financial stress on Bangladesh’s Power Development Board by reducing revenue whilst capacity payments to idle plants have to be maintained. The pandemic is also delaying China-backed Belt and Road coal power projects in Bangladesh.

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