Abstract: Bangladesh is thriving to become a developed nation by 2041 from a middle income country and to make this happen there is no alternative to provide uninterrupted electricity supply. The power sector transformation was taking place for last few decades and currently 97 percent of the population has the access to electricity. The policies to support the power sector is well proven but a constant upgrading and reformation is important according to the increasing demand. In this paper an overview of power sector is discussed and a future prospects of power sector is studied to know where the country stands right now. This paper focuses on the plans to incorporate more renewable energy in the grid and reduce the dependency on natural fuels. The whole world is facing shortage of natural gas and oil and in this situation a detailed study of the power system is needed to support the constant power supply as it has the greatest impact on other fields like agriculture, education in a country like Bangladesh.
Key words: Fossil Fuels, Renewable Energy, Micro Grid, Transmission, Distribution, Generation
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