Dhaka – Private entrepreneur yesterday requested the government for formulation of a policy regarding investment on geothermal power plant considering the country’s power crisis.
A Bangladeshi private company has already submitted a project on Geothermal Power Plant (GPP) to the Green Climate Fund (GCF) under the United Nations.
The Bangladeshi company has sought US$ 250 million for installation the GPP from the GCF.
As per Bangladeshi entrepreneur, it is possible to generate 10,000MW of electricity within 2030, and 70,000MW by 2050 in Bangladesh through GPP.
“Bangladesh has high, medium and low temperature area in the underground of the surface. Bangladesh is on the most important tectonic (Ind0-Australia) plate of the world as well as related to ring of fire of the Pacific zone,” Mosarof Hossain Montu, member of International Geothermal Association (IGA) said at Jatiya Press Club at a press conference.
Describing GPP as environment friendly, Montu said, adding, “there is no emission of carbon dioxide from Geothermal Power Plant. So farewell to the risk factors of carbon dioxide and earth will be green again.”
“It is possible to generate 10,000MW of electricity within the year 2030, 20,000MW within 2040 and 40,000MW-70,000MW within 2050 from GPPs in Bangladesh without any fuel. The technology can make it happen,” Montu, who is also founder of Soft Switch Technology, claimed.
He also said that such GPP project cannot be implemented in Bangladesh without government support and Prime Minister’s assistance needed in this regard.
“The fund offered to me for geothermal power plant in Bangladesh from GCF. It’s a golden opportunity for Bangladesh,” Montu said.
He submitted the project to GCF for GPP of funding US$ 250 million on September 28 last year.
He requested the government for taking necessary steps to formulate policy in this regard so that private investor can invest in this sector.
At least 24 countries like USA, Russia, Japan, Philippines, Mexico, Thailand, China and Italy generating electricity through GPPs, he said.
About 3 to 4 miles below the surface of the Earth, one can find hot dry rock ranging in temperature from about 300F to 400F, he said. – Staff Reporter
