Economic analysis of solar PV system for urban areas of Bangladesh

Bangladesh, a developing country of south-east Asia with large population has agricultural economy. It has severe shortage of electricity. The gas is the main fuel for electricity generation which is depleting very quickly. In recent days government has implemented high cost imported liquid fuel based electricity generation as a short time measure. It has abundant sun shine to harness PV power. Stand Alone PV system program with micro financing for rural electrification has gained worldwide recognition. Now this Stand Alone PV system is becoming popular in urban areas due to acute load shedding. This paper proposes three different configurations of solar photovoltaic system for urban areas. Technical and economic analysis has been done and shown in this paper. It is proved that PV energy could be an economic solution to meet the electricity crisis in urban areas in Bangladesh.