wiredInUSA March 2019

Local wire

Fossil fuel – end in sight?

Alihussain Akberali, chairman of BSRM

A new report from Australian National University (ANU) suggests that all fossil fuel use in Australia could be at an end by 2050, if the country continues to install wind and PV power at the current rate. The continuing rapid decline in the cost of PV and wind, and increasing renewable electricity demand arising from the elimination of gas heating and the rise of electric vehicles, could lead toaccelerated deployment of PV and wind during the 2020s, and a much earlier end-date for fossil fuels. According to report findings, the country is installing renewable power per person each year faster than any other country — four to five times faster per capita than the EU, Japan, China and the USA — helping it to meet its entire Paris Agreement emissions reduction targets five years early. The pipeline for new wind and solar PV electricity systems is about 6.3GW per year. This equates to 250W per person per year, compared with about 50W per person per year for the EU, Japan, China and the USA.

BSRM Group is developing a wire manufacturing plant at Mirsarai in Chattogram, in a move to capitalize on a construction boom in Bangladesh. The plant will have the capacity to manufacture an annual 77,000 tonnes of wire in a combination of galvanized wire, LRPC wire, welding electrode and CO 2 wire. Alihussain Akberali, chairman of BSRM Group, said the plant, to be called BSRM Wires, “will manufacture four types of wires that are currently imported. The prices of raw materials of wires are very low in the international market, but the prices of the finished goods end up being high for Bangladesh due to imports [taxes]. Local manufacturing will reduce their prices.” The facility is expected to enter production in 2020.

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wiredInUSA - March 2019