Abstract: Electricity is the key factor for gradual development of any country let alone developing country like Bangladesh. The demand for electricity in both households and industries is increasing rapidly with the increase of the population in Bangladesh [11]. Currently, load shedding is common phenomenon, which is causing severe problem for the country and, is hindering the progress of economy [6]. There are some key reasons for this ongoing problem such as ever increasing demand for electricity, limited natural resources, lower capacity of electricity generation, and less investment (both private and public) in this sector etc. [1,4].