Download Link for Energy & Power Vol 22 Issue 07 (September 16, 2024) as PDF//userfiles/EP_22_07(2).pdf

Bangladesh’s interim government immediately after assuming office paused projects launched under the Quick Energy & Power Special Act 2010 following widespread public protests. A five-member committee, led by a retired Justice, is now reviewing these projects to assess whether they serve the nation’s best interests. At the same time, another group is examining the power sector’s current operations, aiming to introduce reforms that improve efficiency and transparency. While projects already in progress will continue, talks for new deals—including 31 renewable energy initiatives—have been suspended for review. These 31 renewable energy projects are vital for Bangladesh’s ambitious green energy goals: generating 10% of the country's electricity from renewables by 2030. The Bangladesh Solar and Renewable Energy Association (BSREA) has urged the government to proceed with these projects, fearing that canceling them will set the country back on its renewable energy targets. Experts agree that Bangladesh has great potential for renewable energy, especially solar, but some caution that rushing into projects without transparency could lead to inefficiencies and corruption, as seen under the previous administration. However, others argue that quickly implementing these renewable projects could help Bangladesh move away from its reliance on expensive and polluting fossil fuels.

The government should prioritize reviewing and approving renewable energy projects as swiftly as possible, ensuring that transparency and public interest are upheld while avoiding unnecessary delays in meeting Bangladesh’s green energy goals. A balanced approach will help the country progress while maintaining trust in the process.

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