An ongoing power crisis in Bangladesh – prompted by a gas shortage – is encouraging Bangladeshi industries to slowly transition to renewable energy sources such as solar power. Although Bangladesh marked 100% access to electricity for all people in March 2022, more than 50% of electricity is generated using natural gas. Dwindling gas reserves, alongside a jump in global prices of Liquefied Natural Gas (LNG), have forced the Bangladesh government to resort to power load-shedding. Starting in July this year, power supply has been shut for an hour or two every day, rotating between areas throughout the country. Shops and malls were ordered to close by 8 p.m., while government offices were instructed to bring down power consumption by 25%, including by shifting meetings online. The country’s daily power generation capacity in July was 12,000 MW, against a demand of around 14,000 MW per day, according to Bangladesh Power Development Board (BPDB) data. According to the Bangladesh Bureau of Statistics, the country’s gross domestic product (GDP) in 2022 is $416 billion while the ready-made garment (RMG) sector contributes $42.61 billion, which is about 10%. A garment factory in Bangladesh. The ready-made garment sector contributes to about 10% of the country’s GDP, but the ongoing power crisis is affecting the industry. Image by Fahad Faisal via Wikimedia Commons (CC BY-SA 4.0). RMG exports make up more than 80% of the country’s total exports, which surged since January of this year after the reopening of Western economies, following the easing of pandemic…This article was originally published on Mongabay Läs mer

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