RENEWABLE ENERGY: Draft policy offers no escape from expensive fossil fuels: experts
The draft renewable energy policy published early this month offers limited scope for renewable energy expansion and is deviated far from the goal of ensuring energy security by reducing fossil fuel dependence, said energy experts.
Policy gaps, fossil fuel reliance hinder Bangladesh’s renewable energy
Bangladesh’s renewable energy policies suffer from a lack of coordination and clear direction, creating uncertainty for investors, said experts at a press conference.
Bangladesh’s energy transition comes to halt
Bangladesh’s energy transition came to an abrupt stop with the country’s interim government struggling to find investors in renewable energy projects. After assuming power following the fall of the Awami League regime amid a mass uprising in July-August, the interim government cancelled all 31 renewable energy projects in the pipeline with a combined capacity of over 2,600MW.
IEEFA’s comments on Bangladesh’s “Draft Renewable Energy Policy 2025”
IEEFA is an independent energy finance think tank that examines issues related to energy markets, trends and policies. The institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.
Richest countries put more mony in fossil fuel: report
The richest nations, including the G-7 countries, are increasingly investing in fossil fuel projects in developing countries like Bangladesh, obstructing global carbon emission reduction targets, said a report released by US-based Global Energy Monitor on Tuesday.
A press release issued on the occasion of releasing the report said that the global solar and wind power capacity grew by one-fifth past year.
G-7’s failing renewables commitment, pushing fossil fuel in Bangladesh, beyond: Report
The richest nations, including the G-7 countries, are failing to uphold their commitments to global renewable energy expansion. Instead, they are increasingly investing in fossil fuel projects in developing countries like Bangladesh, obstructing global carbon emission reduction targets, according to a report by Global Energy Monitor (GEM).
Japan’s Fossil Fuel Strategy Fueling Poverty in Bangladesh [Op-Ed]
Despite a severe foreign currency crisis, Bangladesh continues to pour billions into expensive, import-dependent fossil fuel projects—largely driven by Japan’s investments. While power plants remain idle due to fuel shortages, the burden of rising energy costs is pushing millions into poverty. Why is Bangladesh prioritising Japan’s energy agenda over its long-term sustainability?
LNG deal with US co raises energy security risk
They believe that the American company will emerge as the main beneficiary of the non-binding deal, using Bangladesh’s reputation as a potential buyer to secure finance needed to launch its business.
On January 24, the Bangladesh Investment Development Authority signed a non-binding deal with the Argent LNG to purchase five million tonnes of LNG annually.
Power Ministry seeks $4bn to tackle summer energy crisis
The Ministry of Power, Energy, and Mineral Resources has requested $4 billion in phases by June to address the looming power and energy crisis during the summer.
Of this amount, the Power Division has sought $3 billion, while the remaining funds have been requested by the Energy and Mineral Resources Division to clear outstanding energy bills and open Letters of Credit (LCs) for fuel imports, ensuring electricity generation during Ramadan and the peak summer months.
Capacity charge set to soar to Tk 38,000cr
The power sector fixed cost is set to reach Tk 38,000 crore in the current financial year of 2024–25 as installed power generation capacity keeps growing amidst rather a static demand.
In the last financial year, 2023–24, the power sector fixed cost soared by nearly Tk 9,000 crore, marking more than 50 per cent leap in the expense, compared with the year before, taking the overall payment obligation to Tk 26,000 crore.
