SINGAPORE, June 7 (Reuters) - Bangladesh is facing its worst electricity crisis since 2013, a Reuters analysis of government data shows, due to erratic weather and difficulty paying for fuel imports amid declining forex reserves and value of its currency.
Bangladesh, the world's second-largest garments exporter behind China supplying global retailers including Walmart, H&M and Zara, has been forced to cut power for 114 days in the first five months of 2023, a Reuters analysis of power grid data showed.
Supply was short of demand by as much as 25% early on Monday, the data showed.
Over 40% of the 7.5 GW of power plants running on diesel and fuel oil could not operate because they lacked fuel, according to the operator.
Power imports by the energy hungry nation, which has very little renewable capacity, held steady at less than 10% of total supply, the data showed.
Persons:
Bangladesh Taka, Ruma Paul, Matthew Chye
Organizations:
Walmart, Reuters Graphics Reuters, Power, Power Grid Co, Reuters Graphics, Oil, Reuters, Bangladesh, U.S ., Thomson
Locations:
SINGAPORE, Bangladesh, China, Zara