gdpe0688icr bangladesh power market outlook … code gdpe0688icr | publication date september 2013...

REFERENCE CODE GDPE0688ICR | PUBLICATION DATE SEPTEMBER 2013

BANGLADESH POWER MARKET OUTLOOK TO 2030 - MARKET TRENDS, REGULATIONS AND

COMPETITIVE LANDSCAPE

Bangladesh Power Market Outlook to 2030 - Market Trends, Regulations and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.



Executive Summary

Gas-Based Thermal Power Dominates the Bangladesh Power Sector

Gas-based thermal power generation is the

dominant technology in Bangladesh. In 2012, gas-

based power generation capacity accounted for

XX% of the country’s total power generation

capacity. Oil-based capacity accounted for a XX%

share in 2012, while coal and large hydro capacity

accounted for respective XX% and XX% shares.

Renewable technologies, including onshore wind,

solar Photovoltaic (PV), and small hydropower

capacity, accounted for a XX% share of the total

installed capacity in the country in 2012.

Power Market, Bangladesh, Cumulative Installed Capacity Breakup by Type of Power Plant (%), 2012

Gas (thermal)

Oil (thermal)

Coal (thermal)

Large hydropower including pumped

storage

Other renewable technologies and small

hydropower

Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: June 11, 2013]

Continued Increase in Electricity Consumption and Generation

Annual electricity consumption in Bangladesh

amounted to XX Terawatt hours (TWh) in 2000 and

increased at a Compound Annual Growth Rate

(CAGR) of XX% to reach XX TWh in 2012. Annual

power generation also increased during this period,

from XX TWh in 2000 to XX TWh in 2012 at a

CAGR of XX%. Power consumption in the country

has been growing in parallel with the growth of the

economy.

Power Market, Bangladesh, Annual Power Consumption and Generation (TWh), 2000–2012

2000 2006 2012

Tota

l gen

erat

ion

(TW

h) a

nd c

onsu

mpt

ion

(TW

h)

Annual consumption (TWh) Annual generation (TWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: June 11, 2013]




Table of Contents

1 Table of Contents

1 Table of Contents .......................................................................................................................... 4

1.1 List of Tables............................................................................................................................ 8

1.2 List of Figures ........................................................................................................................ 10

2 Introduction ................................................................................................................................. 11

2.1 GlobalData Report Guidance ................................................................................................. 13

3 Bangladesh, Power Market, Snapshot ......................................................................................... 14

3.1 Bangladesh, Power Market, Macroeconomic Factors ............................................................. 14

3.2 Bangladesh, Power Market, Supply Security .......................................................................... 17

3.3 Bangladesh, Power Market, Generation Infrastructure ........................................................... 17

3.4 Bangladesh, Power Market, Transmission Infrastructure ........................................................ 18

3.5 Bangladesh, Power Market, Opportunities ............................................................................. 19

3.6 Bangladesh, Power Market, Challenges ................................................................................. 20

4 Bangladesh, Power Market, Capacity and Generation Overview ................................................. 21

4.1 Bangladesh, Power Market, Cumulative Installed Capacity, Breakup by Type of Power Plant,

2012 ....................................................................................................................................... 21

4.2 Bangladesh, Power Market, Cumulative Installed Capacity and Annual Power Generation,

2000–2030 ............................................................................................................................. 23

4.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–

2030 ............................................................................................................................... 26

4.2.2 Cumulative Installed Hydro Capacity and Annual Hydropower Generation, 2000–2030.. 31

4.2.3 Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000–

2030 ............................................................................................................................... 34




Table of Contents

4.2.4 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation,

2000–2030...................................................................................................................... 34

5 Bangladesh, Power Market, Transmission and Distribution Overview ......................................... 38

5.1 Bangladesh, Power Market, Transmission Overview .............................................................. 38

5.2 Bangladesh, Power Market, Distribution Overview ................................................................. 40

5.3 Bangladesh, Power Market, Grid Interconnection................................................................... 42

5.3.1 Electricity Import and Export Trends, 2000–2012............................................................ 42

5.4 Bangladesh, Power Market, Electricity Trading ...................................................................... 43

6 Bangladesh, Power Market, Market Analysis ............................................................................... 44

6.1 Bangladesh, Power Market, Supply Structure ........................................................................ 44

6.2 Bangladesh, Power Market, Key Market Players .................................................................... 45

6.2.1 Financial Performance .................................................................................................... 46

6.2.2 Key Financial Ratios and Inference ................................................................................ 46

6.3 Bangladesh, Power Market, Financial Deals .......................................................................... 48

6.3.1 Deal Volume and Value Analysis, 2004–2012 ................................................................ 48

6.3.2 Deals, Split by Type, 2012 .............................................................................................. 49

6.3.3 Deals, Split by Technology, 2012 .................................................................................... 49

6.4 Bangladesh, Power Market, Demand Structure ...................................................................... 50

6.4.1 Breakdown of Consumption by Sector, 2012 .................................................................. 52

7 Bangladesh, Power Market, Regulatory Scenario ........................................................................ 53

7.1 Bangladesh, Power Market, Key Electricity Policies ............................................................... 53

7.1.1 Electricity Market Reforms .............................................................................................. 53

7.1.2 Power System Master Plan 2010 .................................................................................... 54




Table of Contents

7.1.3 Renewable Power Policy ................................................................................................ 55

7.1.4 Nuclear Power Policy ...................................................................................................... 56

7.2 Bangladesh, Power Market, Foreign Direct Investment Scenario ........................................... 57

8 Bangladesh, Power Market, Competitive Landscape: Snapshot of Leading Power Generation

Companies .................................................................................................................................. 59

8.1 Key Company in the Bangladesh Power Market – Bangladesh Power Development Board ... 59

8.1.1 Company Overview ........................................................................................................ 59

8.1.2 Business Description ...................................................................................................... 59

8.1.3 SWOT Profile .................................................................................................................. 60

9 Appendix ..................................................................................................................................... 65

9.1 Market Definitions .................................................................................................................. 65

9.1.1 Power ............................................................................................................................. 65

9.1.2 Installed Capacity ........................................................................................................... 65

9.1.3 Active Installed Capacity ................................................................................................. 65

9.1.4 Electricity Generation ...................................................................................................... 65

9.1.5 Electricity Consumption .................................................................................................. 65

9.1.6 Thermal Power Plant ...................................................................................................... 65

9.1.7 Hydropower Plant ........................................................................................................... 65

9.1.8 Nuclear Power ................................................................................................................ 66

9.1.9 Renewable Energy Resources........................................................................................ 66

9.2 Abbreviations ......................................................................................................................... 66

9.3 Bibliography ........................................................................................................................... 68

9.4 GlobalData’s Methodology ..................................................................................................... 69




Table of Contents

9.4.1 Coverage ........................................................................................................................ 69

9.4.2 Secondary research and analysis ................................................................................... 69

9.4.3 Primary Research and Analysis ...................................................................................... 70

9.5 Disclaimer .............................................................................................................................. 71




Table of Contents

1.1 List of Tables

Table 1: Power Market, Bangladesh, Gross Domestic Product ($bn), Population (million), and Annual

Power Consumption (TWh), 2000–2017 ......................................................................................... 16

Table 2: Power Market, Bangladesh, Cumulative Installed Capacity Breakdown by Type of Power Plant

(%), 2012 ....................................................................................................................................... 22

Table 3: Power Market, Bangladesh, Cumulative Installed Capacity (GW) and Annual Power Generation

(TWh), 2000–2030 ......................................................................................................................... 25

Table 4: Power Market, Bangladesh, Leading Active Thermal Power Plants (MW), 2012 ............................. 27

Table 5: Power Market, Bangladesh, Leading Active Thermal Power Plants(MW), 2013–2030 ..................... 28

Table 6: Power Market, Bangladesh, Cumulative Installed Thermal Capacity (GW) and Annual Thermal

Power Generation (TWh), 2000–2030 ............................................................................................ 30

Table 7: Power Market, Bangladesh, Leading Active Hydropower Plants (MW), 2012 .................................. 31

Table 8: Power Market, Bangladesh, Cumulative Installed Hydro Capacity (MW) and Annual Hydropower

Generation (GWh), 2000–2030 ...................................................................................................... 33

Table 9: Power Market, Bangladesh, Active Wind Power Projects (MW), 2012............................................. 35

Table 10: Power Market, Bangladesh, Leading Upcoming Solar Parks (MW), 2013–2030 .............................. 35

Table 11: Power Market, Bangladesh, Cumulative Installed Renewable Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000–2030 ......................................................................... 37

Table 12: Power Market, Bangladesh, Transmission Line Length (Ckm), 2000–2020 ..................................... 39

Table 13: Power Market, Bangladesh, Distribution Line Length (Ckm), 2000–2020 ........................................ 41

Table 14: Power Market, Bangladesh, Planned Interconnectors with Neighboring Countries (MW), 2015–

2030 .............................................................................................................................................. 42

Table 15: Power Market, Bangladesh, Market Share of the Leading Power Generation Companies (%),

2013 .............................................................................................................................................. 45

Table 16: Power Market, Bangladesh, Deals Market by Value ($m) and Volume (Units), 2004–2012 ............. 49

Table 17: Power Market, Bangladesh, Annual Power Consumption (TWh), 2000–2030 ................................. 51




Table of Contents

Table 18: Power Market, Bangladesh, Breakdown of Electricity Consumption by Sector (%), 2012 ................ 52

Table 19: Power Market, Bangladesh, Total Foreign Direct Investment Inflow and Share of the Power

Sector in Total FDI Inflow ($m), 2000–June, 2012 .......................................................................... 58

Table 20: Power Market, Bangladesh, Bangladesh Power Development Board, SWOT Profile ...................... 61

Table 21: Abbreviations ................................................................................................................................. 66




Table of Contents

1.2 List of Figures

Figure 1: Power Market, Bangladesh, Gross Domestic Product ($bn), Population (million), and Annual

Power Consumption (TWh), 2000–2017 ....................................................................................... 15

Figure 2: Power Market, Bangladesh, Cumulative Installed Capacity Breakdown by Type of Power Plant

(%), 2012 ..................................................................................................................................... 21

Figure 3: Power Market, Bangladesh, Cumulative Installed Capacity (GW) and Annual Power Generation

(TWh), 2000–2030 ....................................................................................................................... 24

Figure 4: Power Market, Bangladesh, Cumulative Installed Thermal Capacity (GW) and Annual Thermal

Power Generation (TWh), 2000–2030 .......................................................................................... 29

Figure 5: Power Market, Bangladesh, Cumulative Installed Hydro Capacity (MW) and Annual Hydropower

Generation (GWh), 2000–2030 ..................................................................................................... 32

Figure 6: Power Market, Bangladesh, Cumulative Installed Renewable Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000–2030........................................................................ 36

Figure 7: Power Market, Bangladesh, Market Share of the Leading Power Generation Companies (%),

2013 ............................................................................................................................................. 45

Figure 8: Power Market, Bangladesh, Deals Market by Value ($m) and Volume (Units), 2004–2012 ............ 48

Figure 9: Power Market, Bangladesh, Annual Power Consumption (TWh), 2000–2030 ................................ 50

Figure 10: Power Market, Bangladesh, Breakdown of Electricity Consumption by Sector (%), 2012 ............... 52




Introduction

2 Introduction

As a country, Bangladesh is still young, having gained independence from East Pakistan in 1971. A

major part of the history of this young country has been marked by political instability. The very first

government in power at the time of independence of the country was ousted in a coup in 1975. The

new government was itself ousted in another coup in 1981. A period of military-backed rule lasted

until 1991. Although Bangladesh has not had any more brushes with military-led government, with

the exception of 2007 when a military-backed emergency caretaker government took over in an

effort to reform the political process and root out corruption, the country has been affected by

frequent political turmoil.

Bangladesh has an open economy, and the government participates on a large scale in the

economy through public sector enterprises, particularly in the infrastructure sector. Supported by

international assistance, Bangladesh has been able to solve its food security problem to a large

extent. However, as a result of its geographical location, lack of infrastructure, and natural disasters

– the country is faced with droughts in summer and floods during the monsoons – the destruction

of life and property is widespread every year.

The Gross Domestic Product (GDP) of the country increased at an average rate of XX% per year

between 2000 and 2012 (calculated at constant prices; at current prices, this rate comes to XX%).

The country’s GDP amounted to $XX billion in 2000, which increased to an estimated $XX billion in

2012. Up until 2017, GDP is expected to increase at a Compound Annual Growth Rate (CAGR)

rate of XX% per year (IMF, 2012). More than half of the GDP of the country is generated by the

services sector. In 2012, an estimated XX% share of GDP came from this sector, followed by the

industrial sector with XX% and agriculture with XX%. However, the agriculture sector accounts for

an average XX% share of employment in the country (CIA, 2013).

The Bangladeshi government is focusing on increasing the supply of energy in the country in order

to support further economic growth. The majority of the electricity generated in the country comes

from natural gas. There is only one coal-fed power plant in Bangladesh, and this too is operating at

half capacity due to an inadequate supply of coal. Gas deposits are located primarily in the eastern

half of the country, while the north-western part of the country contains coal reserves. XX onshore

and offshore gas fields are known to exist in the country, of which only XXare currently operational.

XX million cubic feet per day (mmcfd) of gas produced in the country. Actual demand amounts to

XX mmcfd.




Introduction

2.1 GlobalData Report Guidance

This report begins with an executive summary covering the key growth trends in the

Bangladesh power market.

Chapter two provides an introduction to Bangladesh’s macroeconomic scenario and the

Bangladesh power market.

Chapter three provides an insight into the key performance areas of the power sector in

Bangladesh.

Chapter four covers capacity and generation trends by type of plant. This section also includes

information on the upcoming power plants in the country, as well as information regarding

decommissions and an analysis of how they would affect capacity and generation growth in the

country.

Chapter five provides information regarding Bangladesh’s power infrastructure, including

existing and planned developments in transmission, distribution infrastructure, and cross-

country interconnections. The section also includes information on electricity imports and

exports by Bangladesh and the status of electricity trading in the country.

Chapter six includes a market analysis for the Bangladesh power market, including an

overview of the basic structure of the power sector in the country, an analysis of the market

shares held by companies in the power generation and retail market, an analysis of the

financial situation of the power market in the country, and analysis of deals from 2004 to 2012.

The chapter also describes trends in electricity consumption, a breakdown of electricity

consumption in 2012, and a forecast of the consumption of electricity up to 2030.

Chapter seven describes the power regulatory structure and prominent policies expected to

influence the future of the power market in Bangladesh.

Chapter eight provides complete descriptions and SWOT analysis for the leading companies in

the country’s power market.

Note: the report provides actual or estimated data for 2012, depending upon the information

available at the time of writing the report.




Bangladesh, Power Market, Capacity and Generation Overview

4.2 Bangladesh, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2030

The cumulative installed capacity in Bangladesh increased from XX GW in 2000 to XX GW in 2012

at a CAGR of XX%, and is expected to increase from XX GW in 2013 to XX GW in 2030 at a

CAGR of XX%.

Electricity generation in Bangladesh is particularly dependent upon natural gas. In 2012, XX% of

the installed capacity in the country was derived from gas-based capacity. During the forecast

period, this dominance of gas-based power generation capacity is expected to persist although, as

a result of the government’s focus on the diversification of the power mix in the country, the shares

accounted for by coal and oil are expected to increase. Bangladesh possesses large reserves of

coal that have not been utilized until now. The large generation projects that the Bangladesh

government has been announcing, would make it imperative for these reserves to be used. The

coal reserves in Bangladesh have not yet been used extensively, due primarily to the absence of a

comprehensive coal policy in the country.

Bangladesh does not possess much hydropower potential, especially large hydropower. This is

because the terrain of the country is mostly flat. In addition, the majority of the rivers in Bangladesh

originate outside the country and the utilization of these resources requires time-taking diplomatic

procedures with neighboring nations.

Bangladesh possesses substantial solar potential, given its geographical proximity to the equator.

Wind potential is also expected to be good, although wind mapping is yet to be carried out.

Biopower is yet to take off on a large scale in the country.

Bangladesh does not currently possess any installed nuclear power capacity. The country’s first

nuclear power plant is expected to be commissioned by 2020.

Annual power generation in Bangladesh amounted to XX TWh in 2000 that increased to XX TWh in

2012 at a CAGR of XX%. It is expected to increase from XX TWh in 2013 to XX TWh in 2030 at a

CAGR of XX%.





Figure 3: Power Market, Bangladesh, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

Ann

ual g

ener

atio

n (T

Wh)

Cum

ulat

ive

inst

alle

d ca

paci

ty (G

W)

Cumulative installed capacity (GW) Annual generation (TWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: June 11, 2013]





Table 3: Power Market, Bangladesh, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030

Year Cumulative installed capacity (GW) Annual generation (TWh)

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: June 11, 2013]




Bangladesh, Power Market, Market Analysis

6.2 Bangladesh, Power Market, Key Market Players

BPDB is the largest power generation company in Bangladesh and, according to data obtained in

June, 2013, the company accounted for a XX% share of total installed capacity in the country.

Other companies such as Ashuganj Power Station Company Ltd (APSCL), EGCB, and (Strategic

Business Unit) SBU are subsidiaries of BPDB. These three subsidiaries accounted for a combined

XX% share of total installed capacity of the country in June 2013. IPPs accounted for XX%, while

other SIPPs and rental power plants accounted for the remaining XX% of the country’s total

installed capacity in June, 2013.

Figure 7: Power Market, Bangladesh, Market Share of the Leading Power Generation Companies (%), 2013

Bangladesh Power Development Board

(BPDB)

Independent Power Producers (IPPs)

Ashugunj Power Station Company Ltd. (APSCL)

Electricty Generation Company of

Bangladesh (EGCB)

Strategic Business Unit (SBU), BPDB

Others

Source: GlobalData; BPDB, 2013

Table 15: Power Market, Bangladesh, Market Share of the Leading Power Generation Companies (%), 2013

Company name Share (%)

Bangladesh Power Development Board (BPDB)

IPPs

Ashugunj Power Station Company Ltd. (APSCL)

EGCB

Strategic Business Unit (SBU), BPDB

Others

Source: GlobalData; BPDB, 2013




Appendix

9 Appendix

9.1 Market Definitions

9.1.1 Power

The rate of production, transfer, or energy use, usually related to electricity. Measured in watts and

often expressed in kilowatts (kW) or Megawatts (MW). This is also known as "real" or "active"

power.

9.1.2 Installed Capacity

Installed capacity refers to the generator’s nameplate capacity, as stated by the manufacturer, or

the maximum rated output of a generator under given conditions. Installed capacity is given in MW

on a nameplate affixed to the generator.

9.1.3 Active Installed Capacity

Active installed capacity refers to the component of electric power that actually performs work. It is

given kW or MW.

9.1.4 Electricity Generation

Electricity generation is something producing electric energy by transforming other forms of energy.

This term also refers to the amount of electric energy produced, expressed in Gigawatt hours

(GWh).

9.1.5 Electricity Consumption

Electricity consumption is the sum of electricity generated, plus imports, minus exports, minus

transmission and distribution losses. It is measured in GWh.

9.1.6 Thermal Power Plant

This is a plant where the turbine generators are driven by burning fossil fuels.

9.1.7 Hydropower Plant

This is a plant where the turbine generators are driven by falling water.




Appendix

9.1.8 Nuclear Power

This is the electricity generated by the use of thermal energy, released from the fission of nuclear

fuel in a reactor.

9.1.9 Renewable Energy Resources

These are naturally replenishing energy resources that are limited in the amount of energy that is

available per unit of time. For example, biomass, geothermal, solar and wind energy are all

renewable resources.

9.2 Abbreviations

Table 21: Abbreviations

ADB Asian Development Bank

APSCL Ashugunj Power Station Company Ltd.

BERC Bangladesh Energy Regulatory Commission

BPDB Bangladesh Power Development Board

BRAC Bangladesh Rural Advancement Committee

CAGR Compounded Annual Growth Rate

CCGT Combined Cycle Gas Turbine

Ckm Circuit kilometer

DESA Dhaka Electric Supply Authority

DESCO Dhaka Electric Supply Company Ltd.

DPDC Dhaka Power Distribution Company

EA & CEI Electrical Advisor & Chief Electrical Inspector

EGCB Electricity Generation Company of Bangladesh Ltd.

EMG Emerging Markets Group

FDI Foreign Direct Investment

GDP Gross Domestic Product

GW Giga Watt

GWh Gigawatt hour

IFDR Instituto Financeiro para o Desenvolvimento Regional

IPP Independent Power Producer

kV kilovolt

kW kilowatt

kWh kilowatt hour

LGED Local Government Engineering Department

mmcfd millions of cubic feet per day




Appendix

MPEMR Ministry of Power, Energy, and Mineral Resources

MW Megawatt

NWZPDCL North West Zone Power Distribution Co. Ltd.

PBS Palli Bidyut Samity

PG Gravity Dam

PGCB Power Grid Company of Bangladesh

PSMP Power Sector Master Plan

PV Photovoltaic

QRP Quick Rental Power

REB Rural Electricity Board

SBU Strategic Business Unit

SEDA Sustainable Energy Development Agency

SIPP Small Independent Power Producer

SZPDCL South Zone Power Distribution Co. Ltd.

TE Earth Fill

TWh Tera Watt Hours

USAID United States Agency for International Development

V Volt

WZPDCL West Zone Power Distribution Co. Ltd.

Source: GlobalData




Appendix

9.3 Bibliography

BPDB (2013). Owner Wise Daily Generation Report [Database]. Bangladesh Power

Development Board. Available from:

http://www.bpdb.gov.bd/bpdb/index.php?option=com_content&view=article&id=193&Itemid=12

0 [Accessed on: June 11, 2013]

Chowdhury, NR et al. (2012). Present Scenario of Renewable Energy in Bangladesh and a

Proposed Hybrid System to Minimize Power Crisis in Remote Areas. International Journal of

Renewable Energy Research. Vol.2, No.2 (2012). Available from:

http://www.ijrer.org/index.php/ijrer/article/download/185/pdf

CIA (2013). Bangladesh: The World Factbook. Central Intelligence Agency. Available from:

https://www.cia.gov/library/publications/the-world-factbook/geos/bg.html [Accessed on: June

10, 2013].

EMRD (2013). Energy and Mineral Resources Division (EMRD): Coal. Energy and Mineral

Resources Division, Ministry of Power, Energy and Mineral Resources. Available from:

http://www.emrd.gov.bd/43221.html [Accessed on: June 10, 2013].

IMF (2012). World Economic Outlook Database [database]. International Monetary Fund.

Available at:

http://www.imf.org/external/pubs/ft/weo/2012/02/weodata/weoselco.aspx?g=2001&sg=All+coun

tries [Accessed on June 10, 2013]

REB (2013). PBS's Website. Rural Electrification Board. Available from:

http://www.reb.gov.bd/index.php?option=com_content&view=article&id=106&Itemid=69

[Accessed on: June 12, 2013].

Roy, P (2011). Bangladesh Power Sector: Overview & Regional Integration. Power Grid

Company of Bangladesh Ltd. Available from: http://www.sari-

energy.org/PageFiles/What_We_Do/activities/Supporting_Development_of_Cross_Border_Tra

nsmission/Presentations/Bangladesh.pdf

Statistics Department, Bangladesh Bank (2012). Foreign Direct Investment in Bangladesh:

Survey Report, January–June, 2012. Statistics Department, Bangladesh Bank. Available from:

http://www.bb.org.bd/pub/puball.php [Accessed on: June 10, 2013]




Appendix

The Financial Express (2013). BERC moves to set Feed-in-Tariff for renewable energy firms.

The Financial Express. Available from: http://www.thefinancialexpress-

bd.com/index.php?ref=MjBfMDFfMTlfMTNfMV84OV8xNTczNjk= [Accessed on: June 10, 2013]

UK Trade & Investment (2011). Sector briefing: Power Sector Opportunities in Bangladesh. UK

Trade & Investment. Available from:

https://s3.amazonaws.com/ProductionContentBucket/pdf/20110916150955891.pdf

9.4 GlobalData’s Methodology

GlobalData’s dedicated research and analysis teams consist of experienced professionals with

backgrounds in marketing, market research and consulting in the power industry, and advanced

statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and

the Strategic and Competitive Intelligence Professionals (www.scip.org) .

The following research methodology is followed for all country outlook reports.

9.4.1 Coverage

This report gives detailed information on the country’s power market. It examines the country’s

power market structure and provides historical and forecast numbers for generation, capacity and

consumption up to 2030. The report provides insights on the market’s regulatory structure, import

and export trends, competitive landscape and leading active and upcoming power projects.

9.4.2 Secondary research and analysis

The capacity, generation and consumption data is collected and validated using a number of

secondary resources including but not limited to:

Government agencies, ministerial websites, industry associations, the World Bank, statistical

databases

Company websites, annual reports, financial reports, broker reports and investor presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant

Database and Transmission and Distribution Database.




Appendix

Further to this, the following secondary information is collected and analyzed to project the

country’s power market scenario through to 2030, analyzing factors such as the following:

The country’s macroeconomic scenario

Government regulations, policies and targets

Government and private sector investments

Contract and deal announcements

Utility expansion plans

The sector’s historic track record

Other qualitative insights built through secondary research and analysis of company websites,

annual reports, investor presentations, industry and trade journals, and data from industry

associations.

9.4.3 Primary Research and Analysis

Secondary research is further complemented through primary interviews with industry participants

to verify and fine-tune the market numbers obtained through secondary research and get first-hand

information on industry trends.

The participants are drawn from a diverse set of backgrounds, including equipment manufacturers,

industry associations, government bodies, utilities, distributors, and academia. The participants

include, but are not limited to, C-level executives, industry consultants, academic experts, business

development and sales managers, purchasing managers, plant managers, government officials,

and industry spokespeople.




Appendix

9.5 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any

form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior

permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

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