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Energy & Power - EP_23_02 (Energy & Power Vol 23 Issue 02 July 1, 2025)

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Bangladesh has come a long way in powering its cities and villages. In just three decades, electricity generation has jumped nearly tenfold. But when it comes to clean and renewable energy, the progress tells a very different story. Today, nearly all of our electricity comes from fossil fuels, with renewables making up just 2%. It’s a sign of how far we’ve fallen behind in a world that’s racing to tackle climate change. The new Renewable Energy Policy 2025 gives us a fresh shot with goals to meet 20% of our electricity needs from renewables by 2030 and 30% by 2040. But let’s be honest—we’ve seen good intentions before. What has been missing is follow-through. What are holding us back: weak institutions, investor uncertainty, rules that haven’t kept up with technology, and the everyday struggles of finding land and trained people to get projects off the ground. And just recently, 37 solar projects were abruptly cancelled, leaving the sector shaken and questioning what comes next. The interim government, guided by veterans, has a real chance to turn things around. But it needs more than speeches—it needs action. That means giving SREDA the tools to lead, clearing up policy confusion, and getting serious about execution. People are paying attention—at home and abroad. And for millions, this isn’t about policy papers; it’s about clean air, stable power, and a future they can count on. The time to hesitate is long past. Renewable reckoning is here. Let’s make it count.

JERA, Woodside Energy Agree on Supply Deal During Winter Months

Japan's biggest power generator, JERA, and Australia's Woodside Energy have signed a deal for Woodside to supply JERA with liquefied natural gas only during the winter months, the companies said recently.

1 mins

Westinghouse Eyes 10 New US Reactor Deployments, Floats $75bn Price Tag

Westinghouse Electric Company is seeking to deploy 10 large nuclear reactors following President Trump's May executive orders intended to quadruple domestic production of nuclear power within the next 25 years.

1 mins

World Bank to Back Nuclear Projects Again amid Rising Electricity Needs

The World Bank has decided to end its 2013 moratorium on financing nuclear energy projects amid growing global electricity demand.

1 mins

Eni Confirms Involvement in FLNG Aspects of Argentina LNG Project

Eni and Argentina's state-owned YPF have signed an agreement for the Argentina LNG project, following a memorandum of understanding signed on April 14.

1 mins

Power Supply Cut to 25 Stone Crusher Mills in Sylhet

Power connections to 25 stone crushers in Dhopagul area of Sadar upazila in Sylhet district have been severed.

1 mins

Local Gas Production Decreasing 200 MMCFD Every Year: Energy Adviser

Energy Adviser Muhammad Fouzul Kabir Khan has said that local gas production is decreasing by about 200 million cubic feet (MMCFD) every year.

1 mins

BRAC Bank, Petromax Partner to Provide Distributor Finance for LPG Suppliers

BRAC Bank has partnered with Petromax LPG Limited to introduce Distributor Finance facilities for Petromax's distribution partners.

1 mins

Renewable Reckoning

Despite impressive strides in boosting power generation, Bangladesh has fallen behind in its transition to clean energy. Fossil fuels still dominate, making up 98% of electricity output, while renewables barely register. The new Renewable Energy Policy 2025 sets ambitious goals, 20% by 2030 and 30% by 2040, but familiar problems persist: weak institutions, patchy policies, shaken investor confidence, and sluggish follow-through. The sudden cancellation of 37 solar projects hasn't helped. Experts say this is a make-or-break moment—act now, empower SREDA, fix what's broken, or miss the clean energy train again.

10+ mins

Lack Of Professionalism Hinders Development Of Bangladesh Energy Sector

The key problem in Bangladesh’s energy and power sector today is ensuring a sustainable supply of primary fuel. A substantial reserve of high-quality coal remains buried at mineable depths.

6 mins

Wind Turbine Casting Market May Reach $ 4.6b By 2034

Ever wondered about a machine standing taller than a skyscraper, braving fierce winds to create clean energy, and at the heart of it lies something strong, silent, and essential? It's casting.

3 mins

Supporting National Climate Action Through RE Tech

A new guidebook launched during the June UN Climate Meetings in Bonn is set to strengthen countries' efforts to advance climate action through renewable energy technologies.

3 mins

Iran-Israel Ceasefire Offers Only Temporary Relief As Global Energy Threat Looms

The 12-day deadly conflict between Israel and Iran, brought to a halt by a ceasefire brokered by U.S. President Donald Trump, has served as a wake-up call for the rest of the world. Continuation of the war and the potential closure of the Strait of Hormuz could have caused irreversible damage to the global economy. Not only would it have had a severe impact on energy security, but it could also have triggered a regional and possibly global war. At one point, even the use of nuclear weapons was on the table.

5 mins

LafargeHolcim and Jalalabad Gas Sign Gas Sales Agreements

LafargeHolcim Bangladesh PLC. (LHB) and Jalalabad Gas Transmission and Distribution System Limited (JGTDSL) have signed two new Gas Sales Agreements (One for Industry and other for Captive Power) recently at Bidyut Bhaban in Dhaka.

1 mins

Energy Sector Fails to Meet Energy Transition Expectations in Budget

The interim government seems to be offtrack from its political commitment of meeting the 3-Zero Target, in the national budget for FY2026, stressed the Centre for Policy Dialogue (CPD) during a dialogue held in Dhaka recently.

1 mins

Govt Releases Big Sum to Pay Off Pvt Power Plant Dues

A clean chit up to April on huge arrears cost Tk 600 billion as the interim government doubled the state subsidy to pay off the overdue bills to private-sector power producers, officials said.

1 mins

Energy Prices Fall as Import Arrears Reduced to $700-800m: Adviser

Bangladesh has reduced its energy import arrears from $3.2 billion to around $700-800 million, resulting in a drop in energy prices, according to Energy Adviser Muhammad Fouzul Kabir Khan.

1 mins

Chevron's Javier La Rosa to Lead Portfolio Across Key Global Exploration and Production Assets

Javier La Rosa has been appointed to lead a broad Chevron portfolio which includes a number of the company's key global assets.

1 mins

Bangladesh-Russia Energy Ties in Spotlight on Russia Day Celebration

Bangladesh and Russia reaffirmed their longstanding friendship and growing strategic cooperation, especially in the energy and scientific sectors at a reception marking Russia Day hosted by the Russian Embassy in Dhaka recently.

1 mins

RNPP Nears Connection to National Grid

The Rooppur Nuclear Power Plant (RNPP) has taken a significant step towards full operational readiness, as the main and auxiliary transformers at the first power unit have been successfully commissioned.

1 mins

ADB to Give $200m to Improve Power Transmission, Promote RE

The Asian Development Bank (ADB) and the government of Bangladesh recently signed a US$200 million loan agreement to enhance quality, reliability, resilience, and efficiency of power supply system and promote renewable energy in Bangladesh.

1 mins

Private Investment Key to Unlocking Bangladesh's RE Ambitions

The country needs to create an enabling environment for investment in utility-scale and small-scale projects through streamlined policy and regulations.

2 mins

CA Orders Installing Solar Panels on Rooftops of All Govt Buildings

Chief Adviser Professor Muhammad Yunus recently instructed the authorities concerned to take initiatives to generate power by installing solar panels on the rooftops of all government buildings in the country.

1 mins

IDCOL Participates in Syndicated Debt Facilities of $100m for RSGT

IDCOL recently participated in a significant financial milestone by contributing to the syndicated debt facilities totaling USD 100 million for RSGT Bangladesh Limited (RSGTBL).

1 mins

Climate Change Threatens to Push Millions Into Poverty in Bangladesh

Climate change is rapidly becoming a threat multiplier for Bangladesh’s poor, pushing millions deeper into poverty and increasing their vulnerability to future shocks, warns the Bangladesh Poverty Watch Report 2024 released recently.

1 mins

Govt to Formulate Action Plan to Protect Sundarbans: Rizwana

The government will formulate a concrete action plan to protect the Sundarbans, Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan said recently.

1 mins

Experts Urge Policy Reforms as Climate-Driven Urban Migration Surges

Speakers at a recent dialogue raised concern over Bangladesh’s growing climate-induced urban migration and called for urgent measures to reduce risks and improve living conditions for displaced, disaster-affected, and marginalized communities.

1 mins

Rizwana Distributes Nat'l Awards for Tree Plantation, Environmental Protection & Wildlife Conservation

On the occasion of the World Environment Day and Environment Fair 2025, as well as the National Tree Plantation Campaign and National Tree Fair 2025, a grand inauguration ceremony was held at Bangladesh-China Friendship Conference Centre in Dhaka recently.

1 mins

Warning Signs on Climate Flashing Bright Red: Top Scientists

From carbon pollution to sea-level rise to global heating, the pace and level of key climate change indicators are all in uncharted territory, more than 60 top scientists warned recently.

1 mins

Women Political Leaders & Experts Call for Global Climate Solutions

On June 11, women climate leaders called for governments to take effective climate action in the face of growing political conservatism and pro-fossil fuel agendas.

1 mins

No Alternative to Climate Preparedness, Says Rizwana

Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan recently said, \"Climate change risks are no longer a distant threat rather those are an inevitable reality\".

1 mins

LET'S FOCUS ON RENEWABLE ENERGY

The interim government, led by Professor Muhammad Yunus, has recently launched a renewed push to generate more clean and green energy. In the last part of June, he presided over a meeting of the National Rooftop Solar Program, where he directed the authorities to go big for accelerating the initiative. He called for installing solar panels on the rooftops of government buildings, schools, educational institutions, and hospitals. The urgent move is also aimed at reducing reliance on costly fuel imports and saving much-needed foreign exchange.

2 mins

Bangladesh Can Get Solar Power At 6 Cents Per Unit

The renewable energy targets set for 2030 in the national RE policy are ambitious considering the current initiatives. However, Bangladesh can achieve more if the right steps are taken. Bangladesh can procure solar electricity at less than 6 US cents per unit at current market prices of technologies if land and power evacuation (transmission) facilities are made available from the government side and investment proposals are invited accordingly.

7 mins

Lees alle verhalen van Energy & Power

Energy & Power Description:

Uitgever: Energy-&-Power

Categorie: Business

Taal: English

Frequentie: Fortnightly

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to

a) Develop public consciousness on sustainable and even development of energy sector;

b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector;

c) Continuous supply of information among public; and

d) Develop a group of reporters in this field

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world.

It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption.

In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh.

The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

Code of Ethics

EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice.

EP believes in

o Seeking truth and reporting the same

o Minimize harm