The size of gross domestic product (GDP) would increase by additional 26 percent in a year on electrification of the whole of the country, said economist Abul Barakat yesterday.
“Tk671 billion could be added to the economy and 410 million litres of diesel and kerosene could be saved if the country is 100 percent electrified,” Barakat told a seminar in Dhaka.
Bangladesh Chamber of Industries (BCI) organised the seminar on 'Industry, Power and Solutions Vision-2021: Reform Attempt for Sustainable Development' at Bangladesh Chemical Industries Corporation (BCIC).
Presided over by BCI President Shahedul Islam Helal, it was attended by Industries Minister Dilip Barua as chief guest. B D Rahmatullah, former director general of Power Cell, presented the keynote paper.
Barua said it is not possible to improve the power situation overnight, as it is a long process to generate electricity in the national grid.
He said a Russian team has already visited Bangladesh recently to assess whether a nuclear power plant could be set up for generating power to meet its growing demand.
B D Rahmatullah said security of the country is under threat if electricity could not be generated as early as possible as the issue of employment and income of the people is related to power production.