Currently, installed power generation capacity stands at 24,594 megawatts (MW), way higher than 4,942MW in 2009, according to the power division.

The actual generation hit a record 13,064MW on Saturday from a paltry 3,268MW more than a decade ago.

There were 147 power stations in 2020, up from 27 in 2009. Ninety-nine per cent of the population has access to power, which was 47 per cent a decade ago.

“The demand for power generation, transmission and distribution equipment will increase in the next 20 years along with the economic development of the country,” he said.

Alam said just years ago, the industry could manufacture only 30 MVA (mega volt-ampere) transformers. Now, many firms can produce transformers with a capacity as high as 3,000 MVA.

Read more: Local power solution providers up their game