Study the Prospect of Smart Grid Technology in Bangladesh

Abstract

Bangladesh is a middle class developing country and its GDP growth rate is increasing at a very fast rate. GDP growth of Bangladesh largely depends on its industry, especially on export-oriented industries, which is totally dependent on the power sector of this country. The grid system of Bangladesh have not implemented properly for a long time. As a result, Bangladesh power sector facing huge power wastage. Smart grid technology is such a digital technology that can greatly reduce power wastage with a great extent. Smart Grids are being deployed to make grid system more intelligent and secure. If smart grid system can be implemented properly, the grid operations will open up new channels and prospects with considerable financial consequences. This thesis represents the implementation possibility of smart grid technology based on geographical location, amount of energy resources and feature plan of Bangladesh. It also discusses numerous Smart Grid (SG) projects and their consequences in the light of evolving power market of Bangladesh. It also reviews the current progress report of achieving smart grid technology and different statistics that shows the future of smart grid implementation in Bangladesh. This thesis also discusses in detail on expanding power sector of Bangladesh toward smart grid. A final review on financial benefit also presented in this thesis. There are also some illustrations on the basis of present and potential problems associated with Smart Grid technologies in Bangladesh power sector for future needs.