Syed Mizanur Rahman Associate Professor Department of Business Administration Faculty of Business and Entrepreneurship Daffodil International University Date of Submission. Subject: Submission of the internship report on “Power & Energy Crisis impact on IPS & Battery Market”. This is for the partial fulfillment of a BBA degree in HRM major under the Department of Business Administration of Daffodil International University.
With huge request, I am Ashfaq Bhuiyan presented the internship with "Baraka Power Limited" as part of the requirements to complete the course. Entrepreneurship, Daffodil International University, helped me improve my relationship by providing the necessary guidance and information. To improve the quality of the electricity distribution system as part of the ongoing renovation/reconstruction efforts of Bangladesh's most significant electricity sector, the Companies Act 1994 authorized the formation of Baraka Power Limited in November 1996.
Grid operation and protection, substation operation and maintenance, commercial operation and system operation of Uttarkhan S & D department, meter testing laboratory activities and transformer workshop activities of Baraka Power Limited are covered in this training and development report. Division.
Introduction
- Background of the Study
- Scope of the Study
- The objective of the Study
- Methodology of the Study
- Limitation of the Study
General Purpose: This internship report was mainly created to fulfill the requirement for Daffodil International University's Bachelor of Business Administration (BBA) program at the College of Business and Entrepreneurship (DIU). To give this study proper context, I have included both practical and adaptive data. Problems that, once broken down, could gradually help the research are considered obstacles.
Lack of knowledge: I have no prior expertise in collecting, processing, analyzing, integrating, or presenting data. I have done my best to minimize any data distortion or data bending that may have crept into this report.
Overview of the company
- Brief History
- Mission
- Vision
- Slogan
- Objectives of Baraka Power
- Advantages of Investing
From August 20, 2019, for a period of 15 years from the Commercial Operation Date, Karnaphuli Power Limited (KPL) commenced commercial operation of its 110 MW HFO-fired power plant at Patiya, Chattogram (COD). Baraka Power Limited holds a combined 51.01% of KPL shares via cross-ownership (with Baraka Patenga Power's 51% ownership). On 24 May 2019, the 105 MW HFO-fired power plant at Shikalbaha, Chattogram, owned by Baraka Shikalbaha Power Limited (BSPL), a 51% subsidiary of Baraka Patenga Power Limited and in which Baraka Power Limited has a direct equity. investment of 20% and a joint ownership interest of 46.01% through cross-ownership, started operating commercially.
The first nine months of 2019-2020 showed an improvement in the overall net profit margin. Due to the increased energy production of two newly built HFO power plants and lower sales costs, the gross margin increased. BPL jointly owns 46% of Baraka Shikalbaha Power Limited, which made a profit of BDT 92 million from July to March 2019-20.
Industry Overview of Baraka Power limited
In August 2016, the government's tax authority extended the private power generation companies' tax exemption facility for three and a half years until 31 December 2019. For private power plants that meet the requirements of Bangladesh's private sector power generation policy, the country's Income Tax Ordinance of 1984 provides a tax exemption for profits from the sale of electricity. The government provides several incentives to private power companies and foreign lenders in this sector.
The government has given private power plants bigger tax breaks in the hope of making their electricity more competitive. In 2020, the National Board of Revenue relaxed the terms of the tax credit for all private power producers, except those operating coal-fired power plants. Companies in the private sector of electricity generation will benefit from a variety of tax breaks until 2034.
The power plant's international workers will be exempt from tax for three years if they work there. In addition, the company does not have to pay tax on its foreign loan interest, royalties, fees for technical know-how or support or fees for technical assistance. The primary obstacles to achieving the goal include the poor financial situation of electricity producing companies, a lack of natural gas, the inefficiency of the power plant and a low load factor, an inaccurate demand-supply analysis, a lack of renewable energy potential and a lack of competence.
Systems of Baraka Power Limited
Baraka Power Limited HQ
Finance and Accounts Division
Energy crisis in Bangladesh
- As It Is Right Now
- The Causes of Insufficient Energy Independence
- Emerging Strategies
- What Should be done
- The backing of policy
In Bangladesh, one-third of the value of annual generation is projected to be lost to transmission and distribution costs, amounting to $247 million. Government policy officials, confused by the gravity of the situation and misled by the energy mafia syndicate's pursuit of profit, launched an unrealistic and improbable proposal to import coal and LNG to address the current and future energy crises. In order to bring load shedding to a manageable level during the next four and a half years of the current government's tenure, the Ministry of Power and Energy has mobilized Tk 40,000 crore ($5.88 billion) to build 5,000 MW of power to create.
To end load shedding before the end of the year, the Power Development Board (PDB) proposed to increase gas-fired power generation by 500 MW between July and December 2009. In 2012, the government plans to deploy an additional diesel or fuel oil-based power plant with a capacity of 700 MW for to keep the load reduction to a minimum. The government is also considering a public-private partnership (PPP) to build four coal-fired power plants in Rajshahi and Chittagong area, each with a capacity to generate 500 MW of energy.
Reduce the role of the Ministry of Power and Energy to policymaking and business facilitation and bring BERC online. Parliamentary debate on energy policy issues and oversight of the sector's top executives is encouraged. Given the fact that natural gas is now the primary fuel source for electricity generation, there is an urgent need to put a lot of effort into discovering and managing new sources of gas.
Together with BPDB, the government has formulated the 'Private Power Production Policy' to encourage private sector involvement in the country's power generation sector. MEMR's Power Cell has presented a 'Draft Renewable Energy Policy' to the government of Bangladesh, although it has not yet been approved (GOB). Although only some parts of Bangladesh have access to reliable energy, the government is making concerted efforts to rectify this.
An overview of IPS and Battery manufacturers
Primary Market Trends
As a result, they are permanently attached to the car's charging system, enabling a continuous cycle of battery charging and discharging while the vehicle is in operation. The demand for SLI batteries to start internal combustion engines, electric lights, motors and other devices is the main driver behind the expansion of the SLI battery market in Bangladesh. In addition, lead-acid batteries are the technology of choice for all SLI battery use in traditional internal combustion engine vehicles, such as cars and trucks, globally.
The market for lead batteries has grown as the number of three-wheeled vehicles on the road has increased. Apart from 2020, Bangladesh has seen a consistent increase in car sales over the past few years. Although the demand for conventional internal combustion engines is expected to decline in Bangladesh over the next 30–40 years due to the rise in electric vehicles, the demand for SLI batties is expected to increase during this time due to the increase in the country's adoption of conventional internal combustion engines.
As a result of these reasons, SLI batteries are expected to rule the lead acid battery market in Bangladesh during the forecast course.
The market's demand is being driven by an increase in uninterruptible power
The demand for lead-acid batteries is expected to increase in Bangladesh over the forecast period due to the aforementioned causes.
Financial analysis of Navana and Rahimafrooz (Battery Unit)
- Interpretation
Recent data indicate that renewable energy sources may soon be the main source of energy production (Hosenuzzaman et al., 2015; Saidur, 2010). The government of Bangladesh has set targets to produce 15% of total energy from renewable sources by 2041, in light of the country's promising renewable energy opportunities. However, renewable energy penetration in Bangladesh is still very low and will fall far short of the energy sector's 2041 target.
According to a recent estimate by the Department of Energy's National Renewable Energy Laboratory, coastal areas of the United States have the ability to produce 30,000 MW of wind energy at 120 m (Mark et al., 2018). More nuclear power can be generated if other southern locations (Khulna, Patuakhali) are selected (Karim et al., 2018). Devices that are more efficient in terms of energy use, energy auditing, cogeneration, frequent monitoring, evaluating the success of EE&CMP and raising awareness through education, information and communication campaigns should all be part of the regulatory framework.
Fifth, energy audit should be done routinely as part of the energy efficiency and conservation program to monitor the accounting system for energy supply, consumption and evaluation of energy conservation initiatives (Krarti, 2016; Khare et al. ., 2012; Zhu, 2006; Anderson and R.G, 2004). The expansion of the South Asian electricity market has been greatly facilitated by these networks. The inability to reliably estimate future energy and electricity demand due to the lack of regulatory measures, strong governance and local energy specialists in the industry is a result of the current draft energy and power regulations in force.
Maximize the potential of energy and energy research and development companies by providing them with the resources they need to thrive, including the most talented and hardworking members of the workforce. Put technical professionals, not bureaucrats, in charge of the energy and electricity industry, as this would improve governance (point (vi)). One of the best training facilities in our country for electrical and electronics engineers is Baraka Power Limited.
My practical knowledge has improved because of the industrial training I received from Baraka Power Limited. Testing the dielectric strength of oil in a transformer, measuring the insulation between wires, etc. are all examples of the kind of maintenance I've been exposed to.
Finding and analysis
Conclusion and recommendation
Conclusion
Recommendation
