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Policy Inconsistency Drives Foreign Firms Away from Bangladesh's Solar Projects

Energy & Power

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EP_22_16 (Energy & Power Vol 21 Issue 16 Feb 1, 2025)

"The new solar power projects floated by the interim government are riskier for investors as the tender conditions allow for payment delays or defaults alongside power purchase contract cancellation without enough compensation, experts and investors said recently.

Policy Inconsistency Drives Foreign Firms Away from Bangladesh's Solar Projects

They also said the cancellation of previously issued letters of intent (LOIs) for 37 renewable power projects is putting at risk the new plan for 4,952 MW solar power from 52 plants as it undermines the confidence of global investors like Japanese Marubeni and French Total.

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