The government has unveiled a new 25-year power and energy master plan, to be implemented from 2026 to 2050.
according to a recent press release from the chief adviser’s press wing, implementing the plan will require an estimated $177 billion to $192 billion. Muhammad Fouzul Kabir Khan, adviser to the Ministry of Power, Energy and Mineral Resources, submitted the master plan to Chief Adviser Prof Muhammad Yunus at State House Jamuna in presence of several advisers and senior of?cials. Policy gaps in the previous three master plans — prepared in 2005, 2010, and revised in 2016 — were identi?ed and brie?y reviewed during the meeting, the release added.
the new plan projects peak electricity demand of 59,000 megawatts (MW) by 2050, compared to 70,500 MW in the 2023 plan. Current demand is around 16,700 MW.
the 2023 integrated power and energy master plan, prepared with JICA’s support, was criticized by local experts for overestimating demand and including highcost fuel sources. Following the formation of the interim government, various quarters called for a review with input from local experts.