The government is also revising the Integrated Energy and Power Master Plan (IEPMP) and reevaluating the renewable energy policy, he said
The primary goal of the former government in the power and energy sector seemed to be enabling corruption rather than achieving sustainable development, said Muhammad Fouzul Kabir Khan, adviser to the ministry of power, energy and mineral resources.
However, the current interim government is eliminating those practices that enable corruption and moving towards achieving a sustainable power policy and practice, he added.
Khan was speaking as the chief guest at the Bangladesh Energy Prosperity 2050 conference at the BIAM Foundation auditorium in Dhaka, where he inaugurated the three-day-long event.
“We have restored the Energy Regulatory Commission’s (BERC) power to fix electricity tariffs. We are also revising the Integrated Energy and Power Master Plan (IEPMP) and reevaluating the renewable energy policy”, Khan said.
“We are also moving away from independent power producers (IPPs) and implementing a more sustainable power policy,” he added.
Presiding over the inaugural session, Adviser to the ministry of Environment, Forest and Climate Change Syeda Rizwana Hasan said that Bangladesh faced significant challenges in achieving energy prosperity, compounded by unequal power deals and ongoing crises.
Energy accessibility remains a pressing issue, with persistent gaps in quality, affordability, and transparency, she added.
“Meeting the 40% renewable energy target by 2041 requires clear policies, strong private-sector engagement, and a shift from energy production to conservation,” said Rizwana.
Ensuring reliable power for industries, adopting subsidised renewable energy for energy-intensive sectors, and repurposing power plant land for solar or other renewable projects could accelerate the transition, she added.
The summit is uniting over 300 national and international representatives, including policymakers, energy experts, development partners, private sector investors and financiers, civil society organisations and young activists and students.
Building on the success of its first 2023 edition, this year’s conference features 23 co-organizers dedicated to advancing the shift towards renewable energy, powering prosperity through a collaborative approach to sustainable development.
Cynan Houghton, Deputy Regional Program Director, Tara Climate Foundation mentioned “We must work together to drive a renewable energy transition that reshapes the political landscape and strengthens the interim government’s policies to unlock Bangladesh’s renewable energy potential.
“Countries like Vietnam, South Africa, Pakistan, and China have achieved extraordinary progress in the energy sector, even under challenging circumstances—transformations that took months, not years. These successes show what is possible with collective effort and commitment.”
Lidy Nacpil, coordinator of Asian Peoples Movement for Debt and Development (APMDD), said that the greater challenge lies in transforming the fossil fuel based economic system. We all share a common struggle of transforming the energy system.
Bangladesh University of Engineering & Technology (BUET) Professor Dr. Mohammad Tamim, Professor said that replacing fossil fuel-based power plants with solar could save 4000-5000 MW during summer, while energy efficiency measures could cut electricity use by 30-40%.
Hasan Mehedi, member secretary of Bangladesh Working on Ecology and Development, in his speech focused on achieving net-zero emissions by 2050.
Munawar Misbah Moin, managing director, Rahimafrooz Renewable Energy Limited (RREL), energy expert Dipal Chandra Barua, economist and Dr. Khondaker Golam Moazzem, among others, delivered their solidarity messages.
Additionally, two parallel sessions took place in the conference, focusing on the critical themes of Policy Coherence in the Energy and Power Sector for Green Transition and Institutional Reform for Just and Green Transition in Bangladesh. The conference runs until December 13, 2024 with the aim to drive cohesive actions for a green and just transition in shaping a sustainable energy future in Bangladesh.
The conference promises enriched participation, diverse perspectives, and strategic dialogues to drive change. The conference focuses on five key themes: (i) Policy Coherence, (ii) Institutional Reform, (iii) Financial Mechanism, (iv) Bilateral & Multilateral Cooperation, and (v) Social and Environmental Considerations.
