Shafiqul Alam

Given the limited success of previous master plans in improving energy security and accelerating renewable energy, it is imperative for Bangladesh to design an inclusive policy formulation process.

The power sector’s high reserve margin, capacity payment obligations, and reliance on imported fossil fuels have weakened the Bangladesh Power Development Board’s (BPDB) financial strength.

The combination of soaring natural gas demand and plummeting domestic production has pushed the Bangladesh government to diversify its energy sources. In the past, various plans, including the Integrated Energy and Power Master Plan 2023,

The recent announcement to build a new coal-fired power plant to generate cheaper electricity than oil-fired peaking plants further highlights the lack of policy coherence.

We are facing rising power demand amid summer, Ramadan, and energy efficiency challenges.

With the utilisation rates of green funds remaining stubbornly low, Bangladesh Bank can evaluate the scope of prefinancing green projects.

Bangladesh’s readiness will dictate how it will fare in the new carbon market regime.

At this time, it would be prudent to change the highly import dependent energy model.