Energy News

The government's approval of a new renewable energy policy, which sets higher targets of 20 percent and 30 percent electricity generation from renewables by 2030 and 2041 respectively, is a welcome step towards advancing the energy transition. However, despite these enhanced commitments, a lack of support mechanisms and persistent policy inconsistencies continue to hinder progress in the renewable energy sector.

Bangladesh is expected to reject India’s proposal to build a 117-kilometre, 765kV high-voltage power corridor through its territory, despite New Delhi’s strong push for a seamless electricity link between Bornagar in Meghalaya and Katihar in Bihar.

The Indian side proposed to begin implementation of the project early this year and plans to complete it by 2028.

Local fuel prices may increase by Tk4 to Tk5 per litre next month, says BPC

Amid escalating tensions in the Middle East following attacks between Iran and Israel, Bangladeshi shipping companies fear major disruptions in fuel imports if vessel movement through the strategic Strait of Hormuz is closed.

BANGLADESH stands at a crossroads. On the one hand, it faces intensifying climate risks, mounting fuel import costs and increasing energy demand; on the other, it has the opportunity to shape a more sustainable and resilient energy future. The national budget for the 2025-26 financial year, recently unveiled, provides a timely lens through which to assess how seriously the country is preparing for a renewable energy transition. While there have been institutional efforts — notably the government’s move to update the Renewable Energy Policy 2008 to make it more relevant to the current context — the fiscal strategy laid out in this year’s budget does not reflect a proportionate commitment to the renewable energy agenda.

Bangladesh stands at a pivotal moment. The country faces mounting climate risks, rising fuel import costs, and growing energy demands. At the same time, it has the opportunity to redefine its energy future through a transition to renewable energy. The national budget for FY 2025-26, recently unveiled, offers a crucial opportunity to assess how seriously this transition is being prioritized. While there are positive institutional signals-such as the government's near-final revision of the outdated 2008 Renewable Energy Policy-the budgetary allocations tell a different story.

Oil price will not be an issue in short term, but LNG price can make us suffer, says Energy Adviser Fouzul Kabir

Global oil prices soared by over 10% shortly after news broke of Israel's attack on Iran. The rising cost of oil impacts everything—from the food on our plates to the cost of travel.

Bangladesh relies too heavily on fossil fuels. This must change

How often do you see television channels broadcasting news on climate change and energy transition as it relates to your community? Or how often do you see climate change stories getting prime spots in newspapers that get your eyes glued to? It’s likely far less frequent than covering more immediate issues like crime, politics, law or business.

Wind power, with its immense capacity to generate clean, renewable energy, remains underutilised in Bangladesh's energy strategy. However, recent developments signal a shift in direction. A major offshore wind project, still in its early stages, was announced at COP28 as a collaborative initiative involving fashion brands Bestseller and H&M Group, Copenhagen Infrastructure Partners (CIP), and a local partner. This ambitious project seeks to advance sustainable energy solutions and reduce greenhouse gas emissions along the fashion industry's value chain.

The global energy landscape has reached a turning point in this decade. Countries have been attempting to reduce their use of fossil fuels, such as coal, oil, and gas, substituting them with cleaner, renewable energy like wind, solar, and hydroelectric power. To address climate change and environmental damage, every country must implement this shift. As a result, the term "green jobs" has emerged.

Despite a nationwide natural gas crisis, the government has approved the commercial operation date (COD) of the 718MW Meghnaghat gas-based power plant, operated by JERA, by June 15, 2025—during the Eid-ul-Azha holidays—on the condition of tariff renegotiation.

The latest push by the Bangladesh Power Development Board (PDB) to secure investors for 55 grid-tied solar power plants, totaling 5,238MW, has been met with deafening silence

As the world accelerates towards net-zero targets with trillions of dollars earmarked for renewable energy, Bangladesh finds itself in a concerning predicament. The nation, which floated tenders for over 5,000 megawatts (MW) of solar energy late last year, is now struggling to even sell bid documents, let alone secure vital investment deals.

Outlay doubles for energy and mineral resources division

The allocation for the power division in the national budget for fiscal year 2025-26 is around 30 percent less than that of the previous fiscal year, while it has been nearly doubled for the energy and mineral resources division.

Chinese companies who are installing renewable energy across the globe stayed out of the bidding process

Bangladesh's push for renewable energy from solar power failed to bring the leading national and international power companies on board owing to the policy volatility like abrupt cancellation of deal and lack of sustainable financial model.

LNG import will stand 6.5 million tonnes from 5 million, cut import VAT

The power division received around 30 percent less allocation in the FY26 budget compared to the previous fiscal year, while the energy division saw nearly a 100 percent increase.

With power subsidies projected to surge by 55% this fiscal year, Bangladesh’s interim government faces a critical test: can the upcoming budget pave the way for a sustainable, cost-effective energy future?

Bangladesh's interim government is preparing to unveil its first budget on 2 June 2025 amid high expectations of a balanced allocation of funds to streamline the country's energy transition.