Though the production cost of renewable energy, especially solar power, has substantially dropped in recent years, its share in the country’s power generation saw no jump.
The dismal picture was painted in the documents of the state-owned Bangladesh Power Development Board.
According to the papers, the country’s grid-connected renewable energy share of the total power generation still persists below one per cent.
Only recently, it went up to 0.36 per cent in FY2021-22 from a level of 0.9 per cent in FY2019-20, revealed the documents recently placed during the public hearing of the Bangladesh Energy Regulatory Commission.
The official documents also showed that the government continued its focus on the promotion of fossil fuels, especially for costly power generation from rental and quick rental power plants to offset its rising annual financial loss.
The BPDB, meanwhile, proposed to raise the per unit electricity tariff by 65.56 per cent to Tk 65.57 from the existing rate of Tk 5.17 arguing that it faces a loss of Tk 30,251 crore in revenue unless the sails through.
However, the BERC’s technical evaluation team recommended a 57.83 percent price hike. The commission of the BERC has not yet made its final decision.