The Bangladesh Sustainable and Renewable Energy Association (BSREA) has called for prioritizing renewable energy expansion to tackle Bangladesh’s ongoing energy crisis, warning that continued reliance on imported fuels poses serious economic risks.
The call came at a press conference held at the National Press Club in Dhaka recently.
In a written statement, the association said Bangladesh is facing a severe energy crisis driven by heavy dependence on imported fuel, rising global energy prices and mounting pressure on foreign exchange reserves.
It noted that high prices of LNG, coal and oil used in power generation are forcing the government to provide over Tk 200 crore in daily subsidies, creating long-term fiscal risks.
BSREA President Mostafa Al Mahmud said renewable energy—particularly solar—remains the most cost-effective and environmentally sustainable solution, but the sector lacks adequate policy support.
The association highlighted that 50–60% taxes and duties on renewable energy equipment imports are discouraging investment, while conventional energy continues to receive subsidies—creating a policy imbalance.
