The country loses around $3.3 billion a year due to unreliable power supply to homes, offices, and factories, amounting to nearly 1.5 percent of the GDP, according to the World Bank (WB).
Despite impressive gains made in terms of access to energy, power cuts remain regular in Bangladesh, it said in a report of First Green and Climate Resilient Development Credit, under which Bangladesh received $500 million loan last month. The loan was approved during Prime Minister Sheikh Hasina`s visit to the WB headquarters.
On average, there are over 400 storm-triggered electricity outages every year the report says.
Even though Bangladesh`s power generation capacity is over 23,000 megawatt, power generation asset utilisation remains low, below 50 percent, due to fuel shortages, poor dispatch, and transmission constraints, the report added.
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