How Has Bangladesh Reshaped Its Energy Sector?
Like other countries, Bangladesh also planned certain development goals. As part of these, the country decided to make progress through its energy sector. RR Holdings Ltd., an organization operated by dynamic entrepreneurs, considers the progress of this sector to be the development of the nation as well. As per the emerging powerhouse, to attain this specific goal, the country adopted several measures. The successful adoption of the same has helped in reshaping the country’s energy industry. While changing the face of this industry, energy sources have been made easily accessible and affordable to users. The same has been ensured for domestic as well as commercial purposes.
Reshaping the Energy Sector in 2 Broad Ways
According to RR Holdings Ltd. Bangladesh, over the last few years, has worked on two crucial concerns while reshaping its energy sector. The primary concern has been the availability of energy. Secondly, the cost of accessing and using the fuel has been an important concern. Over the years, by working on both, the country has reshaped this sector in two major ways.
Making Energy Accessible in Bangladesh
One can assume that the energy requirements of a vast population are major concerns. Some years ago, the shortage of this source resulted in certain challenges. Over some time, the country aimed to resolve these challenges. The emerging powerhouse, RR Holdings Ltd. Is making a solid contribution.
Electrical Grid Interconnection between India and Bangladesh
In 2010, Bangladesh began investing in several measures to ensure access to energy for the masses. The Bangladesh–India Electrical Grid Interconnection Project is one example of the same. This project aims at providing cross-border interconnection. The project plans to lay it between India’s Eastern electrical grid and Bangladesh’s Western electrical grid.
● Through this project, electricity exchange will be made easier.
● It will aim to reduce the shortage of power.
● Individuals/users can access electricity with ease for domestic/industrial use.
Power System Expansion and Efficiency Improvement Investment Program
RR Holdings Ltd. found that the country invested in the Power System Expansion and Efficiency Improvement Investment Program in 2012. It aimed at enhancing the country’s system for power supply. Through this, it planned to eliminate energy shortages as well as outages. Also, under this program, access to the source was ensured for more than 400,000 households.
Introducing Affordable Energy Sources
In recent years, the requirement for energy has increased to 14 lac tonnes in Bangladesh. Particularly for sources like LPG, such demands can be observed. Alongside the major requirement for this fuel, its affordability has also been a concern for users.
Bangladesh has been producing LPG locally as well as sourcing it through imports. In either case, it has focused on keeping the fuel affordable.
The measures of the country have grown stronger, especially with companies like BEXIMCO LPG. The emerging powerhouse in Bangladesh, RR Holdings Limited is also a major contributor.
Adopting Renewable Energy to Transform Bangladesh
Remarkably, the energy sector in Bangladesh accommodates renewable sources. Not only has the government introduced these sources but also the citizens have acknowledged the use of these.
Investing in Varied Renewable Energy Sources
RR Holdings Ltd believes that, this nation has invested in multiple projects and measures to use solar power, wind energy, and hydropower. Particularly for solar power, comprises plants to generate electricity and account for the country’s energy bills as well.
Notably, Bangladesh comprises windmills to generate power. Housed in the coastal regions of the country, for electrification and pumping, these windmills are useful. The country has invested in certain measures for other renewable energy sources too. All in all, through these investments, it has not only met energy requirements but maintained a positive environmental impact too.
This impact on the environment synchronizes with the nation’s sustainability goals. Through this, it has also become a significant nation to foster sustainability in present times.
To Conclude
The energy sector in Bangladesh has undergone various changes. Owing to certain investments, measures, and goals, this sector has seen its transformation, opines RR Holdings Ltd. The emerging powerhouse RR Holdings Ltd is expected to further change the face of the energy sector for the betterment of its citizens.