Contributed By Doulah & Doulah
Driven by a strong commitment to renewable energy, the government of Bangladesh enacted the Renewable Energy Policy of Bangladesh (REPB) in 2008, setting ambitious targets to achieve a 5% share of renewable energy in total generation capacity by 2015 and a 10% share by 2020. The government of Bangladesh further envisioned expanding this 10% target significantly by 2041. However, these goals remain unfulfilled.
In June 2023, the power generation capacity of Bangladesh amounted to 24,911 MW. Combined cycle plants contribute the most at 8,363 MW (33.57%), followed by reciprocating engines at 8,023 MW (32.21%). Steam turbines contribute 3,742 MW (15.02%), gas turbines add 1,438 MW (5.77%), and hydropower plants provide 230 MW (0.92%). Solar photovoltaic (PV) systems contribute 459 MW (1.84%), whereas power imports add 2,656 MW (10.66%).
In terms of fuel sources, gas dominates at 11,372 MW (45.65%), followed by furnace oil at 6,492 MW (26.06%). Coal provides 2,692 MW (10.81%) and power imports contribute 2,656 MW (10.66%). Diesel adds 1,010 MW (4.05%), hydropower contributes 230 MW (0.92%), and solar PV systems contribute 459 MW (1.84%).
The Integrated Energy and Power Master Plan (IEPMP) 2023 forecasts a maximum power demand between 27.4 GW and 29.3 GW in 2030, 50.4 GW and 58.6 GW in 2040, and 70.5 GW and 96.8 GW in 2050 – with corresponding renewable power generation targets of 10% in 2030, 22% in 2040, and 35% in 2050. The target has been further extended to 20% by 2030 and 30% by 2040 under the new Renewable Energy Policy of Bangladesh 2025 (the “REPB 2025”).
The REPB encompasses various independent power plants (IPPs) based on renewable sources, including solar PV, solar thermal power/concentrating solar power, wind energy, biomass, biogas, hydropower, and other sources such as biofuels, gasohol, geothermal energy, river current energy, wave energy, and tidal energy.
However, with the exception of the state-sponsored 230 MW Kaptai Hydropower Station, no additional hydropower projects have been planned. Consequently, local renewable power development is primarily concentrated on solar PV parks, with some emphasis on wind energy and waste-to-energy plants. Other renewable technologies, such as biogas, green gas, bio-LNG, hydrogen, and geothermal heat, remain largely untapped. The REPB 2025 further focuses on distributed renewable energy projects and microgrids and net-metering arrangements.
The renewable energy market in 2025 is currently experiencing heightened competition compared to 2024. The prevailing tariff rate has decreased to USD0.0998/kWh ‒ a significant reduction from the 2016 starting point of USD0.17/kWh. Although land acquisition challenges have delayed numerous renewable power plant projects, several have recently secured necessary land rights and commenced construction. The unsolicited proposal procedure for the development of power projects was abolished under the Quick Enhancement of Electricity and Energy Supply (Special Provisions) Act 2010 (the “QEEES Act”), save for those projects that had already been processed in good faith. Accordingly, the only way to develop/implement renewable projects by way of unsolicited proposal is through the Guidelines for Unsolicited Proposals 2018 applicable in PPP procurements where the competency of the proposal is revaluated under public tenders.
Recent issues in connection with foreign currency availability in Bangladesh – primarily due to global conflicts – now seem to be alleviated by strong remittances and export earnings, along with the revamped enforcement of financial regulations and bank governance to curb money laundering. The government of Bangladesh is also reportedly considering the removal of capacity payments for fuel-intensive power plants (encompassing both those using conventional sources and those using renewable sources) in order to alleviate the financial pressure caused by foreign currency issues (see 2.1 Governing Law and Upcoming Changes).
Lately, wind power plants have garnered increasing interest, thanks to recent findings on their adequacy. The first wind power plant achieved commercial operation in 2024 and there are several more in the pipeline. The Bangladesh Sustainable and Renewable Energy Development Authority (SREDA) has also issued new guidelines on conducting feasibility analyses for proposed wind power plants.
The following legal framework governs the energy market in Bangladesh, including renewables.
The government of Bangladesh has already circulated a draft Policy for Enhancement of Private Participation in the Power Sector 2025, which is going to replace the Policy. Major aspects of the Policy for Enhancement of Private Participation in the Power Sector 2025 include:
The primary regulators for energy activities in Bangladesh are as follows.
The industrial policy of Bangladesh – most recently outlined in the National Industry Policy 2016 – classifies the generation, supply and distribution of power as a controlled sector, requiring licences for operation. The construction and operation of transmission lines remain exclusive to the public sector, with the government of Bangladesh maintaining a monopoly on transmission and distribution. All these activities are subject to the rules and regulations outlined in 2.1 Governing Law and Upcoming Changes.
Currently, there are no restrictions on the ownership and transfer of renewable energy assets in Bangladesh, except for the following outlined here.
Restrictions in General and Control Regime
There are no restrictions regarding the sale of power industry assets or businesses, or other transactions, including amalgamations and mergers in general. The Bangladesh Competition Commission (BCC) was formed under the Bangladesh Competition Act 2012 to ensure competition in all industries. The BERC also retains some power to maintain competition as a first-tier regulator for power generation industries. The BCC still operates reactively, as it has yet to formulate and enact specific competition rules for merger control.
However, any combination (including acquisitions, amalgamation or mergers) that has a detrimental impact on competition in the goods and services market or poses a risk of doing so is prohibited. The BCC has wide powers to investigate – either on its own initiative or in response to complaints from a third party – any combination that adversely affects competition. There are currently no minimum requirements (such as market influence, financial metrics or industry expertise) that must be satisfied by a purchaser of assets or an acquirer of a business.
Contractual Lock-In
Under a standard implementation agreement (concession agreement) used for power projects in Bangladesh, the designated main sponsor (lead member) must retain at least 51% equity until the COD and 40% thereafter until the sixth anniversary of the COD. The operating sponsor (operating member) that is identified by the competent authorities is required to maintain at least 20% of equity until the COD and 11% thereafter until the sixth anniversary of the COD.
A transfer that circumvents these lock-ins needs explicit approval from the offtaker. This approval is difficult to obtain and necessitates demonstrating the purchaser’s qualifications and the overall positive impact of the transfer on the industry.
Currently, there are no foreign investment restrictions that apply to the power industry, and investment can be made by any investor from any country recognised by Bangladesh. There is no investment limit threshold as long as the relevant criteria (in terms of debt financing, operation, prior experience in a similar size of investment, etc) are met. There is also no restriction on the holding of land rights through a special purpose vehicle (SPV), with even 100% foreign-owned SPVs able to hold land rights.
Investment Protection
The Foreign Private Investment (Promotion and Protection Act) 1980 grants protections to foreign investments in Bangladesh, as follows.
Protection is also available under various bilateral investment treaties (BITs) entered into by and between Bangladesh and other foreign countries. The countries with whom Bangladesh has concluded BITs include Austria, North Korea, Thailand, Belgium, South Korea, Canada, Malaysia, Pakistan, Uzbekistan, France, Poland, Vietnam, Germany, Romania, Singapore, Indonesia, Switzerland, Denmark, Iran, India, Italy, Japan, Turkey, the UAE, the USA, the UK, the Philippines, and the Netherlands.
Access to Courts and Foreign Arbitration
Foreign investors and their SPVs have general access to local courts in Bangladesh. Moreover, Bangladeshi courts recognise the choice of foreign law and party autonomy as agreed upon in contracts. This principle is supported by the case PLD 1964 Dacca 637, which established that the expressed intention of the parties regarding the governing law of the contract overrides any presumptions.
However, the enforcement of foreign judgments is limited to countries that have reciprocal agreements with Bangladesh. Currently, only Indian judgments are enforceable in Bangladesh.
Bangladesh is a signatory to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (the “New York Convention”). International arbitration is permitted under the Arbitration Act 2001. Parties have the freedom to choose the arbitral tribunal and the applicable rules. Foreign arbitral awards are enforceable in Bangladesh but they must be filed in the court of first instance for enforcement against the debtor or their assets. The court in which recognition or execution of the foreign arbitral award is sought may refuse to enforce such foreign arbitral award:
Foreign Exchange Regulations
Bangladesh has a very strict foreign exchange control regime under the Foreign Exchange Regulation Act 1947 (FERA). Generally speaking, the conversion and repatriation of foreign exchange require approvals from the central bank (Bangladesh Bank). For certain transactions, no prior approval from Bangladesh Bank is required and banks arrange summary approvals from Bangladesh Bank as outlined in the Guidelines for Foreign Exchange Transactions (GFET). These transactions include foreign investment, divestment, repatriation, technical fees, royalties, consultation fees, distribution fees, dividends, loan repayments (including interest payments), and import/export activities.
Bangladeshi companies have the authority to declare dividends to their shareholders through a general meeting. Banks can facilitate summary approvals from Bangladesh Bank for the repatriation of dividends to non-resident shareholders. When non-resident shareholders are involved in the sale of shares, a fair valuation is required, and post-closing notification to Bangladesh Bank is mandatory. However, prior approval from Bangladesh Bank is necessary for repatriating sales proceeds resulting from a non-resident’s sale of shares in a non-listed company. Liquidation proceeds can also be repatriated according to the procedures outlined in the GFET. Foreign borrowing requires approval from regulatory authorities designated by Bangladesh Bank. This process is relatively straightforward for industrial and infrastructure projects.
The primary regulatory framework for private sector involvement in power generation, including renewables, is outlined in the Policy. The Policy establishes the BPDB as the offtaker for such power generation, with the PGCB assuming the transmission provider role. Under the Policy, the following security package is granted to power projects.
Other relevant rules and regulations have been outlined in 2.1 Governing Law and Upcoming Changes, as have the relevant procurement processes in 6.1 Onshore Project Development and industry incentives in 6.4 Subsidies and Incentive Schemes.
The government of Bangladesh has not yet established a formal regulatory framework for producing gas from renewable sources. Although there are some small-scale, privately initiated biogas production projects in various regions, these initiatives are not yet at a utility scale.
The government of Bangladesh has not yet established a formal framework for heat production from renewable sources, as this is not considered a practical utility in a tropical climate such as Bangladesh’s.
The government has not yet established any formal framework for hydrogen, biofuels, or other renewable energy production. As per the IEPMP, the government does not have any plan to introduce hydrogen/ammonia-based power generation in Bangladesh before 2030, except for potential prototypes to assess their effectiveness.
The government anticipates introducing hydrogen/ammonia as co-fuels in existing thermal power plants between 2030 and 2040. Specific targets include gas-fired power plants with 20% hydrogen co-firing starting in 2037, increasing to 50% in 2045. Additionally, gas-fired power plants with 100% hydrogen firing are anticipated to begin operation in 2040, and coal-fired power plants with 20% ammonia co-firing are planned to start in 2035 (increasing to 50% in 2040).
Bangladesh is actively pursuing waste-to-energy generation through several pilot projects. Municipalities are entering into waste supply agreements with developers through a tendering process. Currently, only the Dhaka North City Corporation plant has progressed to the construction phase.
Although the procedures outlined in 3.1 Electricity are applicable to waste-to-energy plants, the Bangladeshi government’s primary focus for these projects is on the tendering method.
Captive Power Plants
Under the Captive Power Plant Policy (CPPP), captive power plants are defined as power projects that generate electricity for their own use or for the use of a specific group. Power generated by such plants may be sold at a predefined rate, which must not exceed the rate at which the BPDB sells electricity to distributors (excluding the wheeling charge). The producer is required to enter into a PPA in accordance with the template provided in the CPPP. Connection to the national grid is permitted at the producer’s own expense, with the PGCB entitled to charge a wheeling fee. Additionally, a power generation licence must be obtained from the BERC. To connect to the grid, the plant must have a capacity exceeding 20 MW.
Small Power Plants
SPPs are defined as power plants with a capacity of less than 10 MW. Such power produced may be sold to anyone at a predefined rate where the BPDB, DESA and the REB are present and, for other areas, the price may be mutually negotiated. Connection to the grid is possible at the plant’s own expense and the PGCB may charge a wheeling fee. Small power plants may sell electricity to BPDB distributors or to large consumers (such as export processing zones, special economic zones, private economic zones, hi-tech parks and large real estate) that meet the following voltage level and load characteristics:
Net Metering
Under the NMG 2025, captive power plants, SPPs and private solar grids are permitted to connect to the national grid through the local distributor by executing a net-metering agreement. This allows any export of electricity to be offset against imports from the local distributor within a 12-month settlement period. If there is a net export at the end of the settlement period, the excess is settled through cash payments by the distributor or utility.
The construction and operation of transmission lines and associated facilities (including distribution) remain prohibited for the private sector. Such ownership, construction and operation are governed by the Electricity Act 2018, which grants the government a monopoly in these sectors, as outlined in 2.3 Regulated Activities.
Renewable energy projects, such as wind and solar power, are not subject to competitive bidding or dispatch processes for power generation. The electricity generated by IPPs is purchased at a specified voltage at the interconnection point, typically located at the outgoing terminal of the plant’s substation. The national grid interconnection line from this substation is provided by the relevant public agency. However, the private power producer bears the costs for interconnection facilities up to the outgoing terminal, including equipment such as step-up transformers, circuit breakers, and switchgear.
The concession agreement stipulates that the PGCB will provide the interconnection point, while the project company is responsible for developing the necessary infrastructure to supply power. This transmission line must be handed over to the PGCB or another authorised agency for maintenance, at no cost to the private developer.
Currently, Bangladesh lacks a formal framework for standalone energy storage plants. However, the IEPMP has proposed nine candidate sites for pumped storage power plants (PSPPs) – each with an installed capacity of 500 MW ‒ to provide peak supply in areas with low annual load factors. An implementation plan for these PSPPs is yet to be finalised.
The national grid is operated and maintained by the PGCB through the National Load Dispatch Centre (NLDC), which has the authority to restrict, curtail or suspend energy dispatch by generators in accordance with the Grid Code 2023. There are currently no general rules or guidelines in place for incentivising flexibility or demand-side management. The standard PPAs typically adopt a “take or pay” payment mechanism, except in cases where interconnection or dispatch restrictions are attributable to the offtaker or grid constraints. Under the PPA terms, in such instances, the offtaker is liable to make payments based on deemed generation, up to the dependable capacity agreed in the PPA.
While there are no utility-level off-grid solutions for the transportation and supply of renewable energy to end users, the government permits isolated grids for areas not connected to the national grid. These isolated grids are classified as mini, micro, pico, and nano systems, with capacities of up to 5 MW. Additionally, under the NMG 2025, power producers can supply energy to local utility distributors.
The government of Bangladesh has not yet established a formal framework for the transportation and storage of gas derived from renewable sources.
The government of Bangladesh has not established any formal framework for the transportation and storage of heat from renewable sources in Bangladesh, as this is not considered a viable utility in tropical climates such as Bangladesh’s.
The government of Bangladesh has not yet finalised a framework for the transportation and storage of hydrogen or other biofuels.
Currently, Bangladesh does not have an open market for electricity, whether in the form of a capacity market or an energy market. The BPDB acts as the sole buyer, procuring electricity from IPPs, SPPs, corporatised generation companies, and other publicly owned power plants. The bulk power tariff rates are negotiated and determined based on factors such as fuel type, plant load factor, and other operational parameters. The BPDB exercises its statutory authority to purchase electricity at these negotiated prices, with approval from interministerial committees. Typically, the BPDB enters into PPAs lasting up to 20 years, in line with the Policy. Once the PPA term expires, the BPDB renegotiates the tariff with the developer.
The tariff under the Policy generally comprises two main components, as follows.
Notably, for renewable projects such as solar parks and wind farms, energy payments are made on a “take or pay” basis – unlike fuel-intensive projects such as waste-to-energy projects.
On the other hand, the BPDB sells electricity to the distribution utilities at wholesale tariff rates. These rates, along with transmission and distribution tariffs, are used to calculate the retail tariff – all of which are regulated by the BERC per the following regulations:
Details of the latest feed-in and terminal tariff orders can be found on the BERC portal. During the past decade, consumer tariffs have risen at least ten times in an effort to reduce the gap between consumer income and the BPDB’s expenditure, especially concerning guaranteed capacity payments to power producers.
The BERC is currently working on enacting a “BERC (Tariff for Rooftop Solar PV Electricity) Regulation”, as prices for rooftop solar projects are currently negotiated between developers and users.
For captive power plants selling electricity to any utility, the tariff must not exceed the rate at which the BPDB sells power at 132 KV (Category G1), excluding wheeling charges. However, if fuel prices rise, the fuel component of the captive power plant tariff may be adjusted accordingly. Captive power plant tariffs must be pre-approved by the BERC.
The government of Bangladesh has not yet finalised any framework for the trade and supply of gas from renewable sources.
The government of Bangladesh has not yet established any formal framework for the trade and supply of heat from renewable sources, as this does not seem to be a viable utility in tropical climates such as Bangladesh’s.
The government of Bangladesh has not yet finalised any framework for the trade and supply of hydrogen and other biofuels.
Long-term (corporate) PPAs are not yet a customary practice in Bangladesh – although they are becoming increasingly popular, particularly among industries with substantial unused roof space. These power plants are generally classified as captive power plants or SPPs, as discussed in 3.5 Local and Domestic Production.
In early 2021, Bangladesh was authorised as a country for issuing international renewable energy certificates (I-RECs). Both I-RECs and TIGRs (tradable instruments for global renewables) are traded privately between buyers and sellers and are registered on the I-REC and TIGR registries, respectively. Although there are currently no restrictions on the trading of renewable energy certificates (RECs) in Bangladesh, there is also no specific legislation in place to regulate or supervise the REC market.
In late 2024, a local designated national authority (DNA) was formed by the Department of Environment (DoE). Since then, a few standards specifically for solar homes have been developed and the local DNA will be responsible for recording, measuring and monitoring solar home systems. The current framework is yet to be extended for utility-scale projects.
The majority of renewable energy developments in Bangladesh have been in the onshore sector. Several utility-scale solar plants ‒ with capacities ranging from 50 MW to 250 MW – have reached commercial operation and numerous additional projects are in the pipeline. A 60 MW wind park was connected to the grid in 2024, with several more wind parks currently under development or in the award stage. Although there are a few waste-to-energy projects in development, only one 36MW plant has reached the construction stage. According to the BPDB’s Annual Report, as of 30 June 2023, the country’s total installed power generation capacity was 24,911 MW, with only 2.76% from renewable energy sources.
Award of Concessions
IPPs are projects awarded under the Policy for a term typically ranging from 15 to 20 years. These concessions are negotiated between the offtaker (BPDB) and the power producer. Concessions are granted in the form of a letter of intent (LoI) – and after meeting specific conditions – an implementation agreement is executed, committing the government to the project. Alongside the implementation agreement, a PPA is also signed, outlining the terms of power offtake; in some cases, a fuel supply agreement and land lease agreement are included. The tariff structure for these agreements is discussed in 5.1 Electricity.
To accept the LoI, the awardee must provide an irrevocable and unconditional bank guarantee as security. The Bangladeshi government’s obligations – for example, the BPDB’s power purchase and payment obligations under the PPA, as well as the PGCB’s interconnection obligations ‒ are secured through a guarantee agreement. Awards of PPAs to private power generators are mandated through the following processes.
As per the Unsolicited Proposal Guidelines for Solar Projects, the applicant needs to meet the following criteria.
Land Acquisition
If land lease is not a part of the concession, then demonstration of land procurement is a prerequisite for the execution of concession agreements. Bangladesh recognises the concepts of freehold title of land, leasehold title of land, and general leases (as per the Transfer of Property Act 1882), as well as easements and licences (as per the Easements Act 1882). Freehold title of land, leasehold title, and general leases are necessary for plant operations, whereas easements and licences are frequently granted for the use of transmission lines and wind masts on a specific part of land without requiring substantial control or outright ownership of the land.
The right of way, as permitted under the Electricity Act 2018, is governed by the Acquisition and Requisition of Immovable Property Act 2017. When acquiring land, the acquirer is subject to resettlement obligations, which are imposed as part of the environmental clearance certificate (ECC). This resettlement must be conducted by an NGO through the formulation of a rehabilitation action plan.
Interconnection
Under the relevant policy, electricity is purchased from the IPP at a specified voltage and delivered from the outgoing terminal (or interconnection point) of the power plant’s substation, as agreed with the BPDB. The transmission line for connecting to the national grid is either provided by the relevant government agency or must be constructed by the IPP. The IPP is responsible for the costs of all interconnecting facilities up to the outgoing terminal of the private power project, including step-up transformers, circuit breakers, and associated switchgear.
The concession agreement includes the PGCB as a party responsible for providing the interconnection point. The IPP must develop the necessary facilities to supply power up to that point. Before any construction begins on the interconnection or transmission line, the IPP must negotiate the entire interconnection plan with the PGCB and obtain its formal approval.
Environmental Clearance
The environmental laws of Bangladesh consist of the Environmental Policy 1992 and the Bangladesh Environment Conservation Act 1995 (ECA) read in conjunction with the Environment Conservation Rules 2023 (ECR).
The ECR categorises all projects as one of four divisions – green, yellow, orange, or red. Renewables fall into the yellow/orange category and waste-to-power and gas-fired IPPs fall into the orange category, whereas gas-fired IPPs above 100 MW and coal-fired IPPs are categorised as red. Any power project above 5 MW must obtain an ECC from the DoE before the COD as follows.
The EIA approval and the ECC will typically be valid for a period of one year from the date of issue and must be renewed 30 days before expiry. The site preparation work (and development/construction for renewables) can be initiated after an LCC is obtained from the DoE. Development works may be initiated after the EIA approval. For red-category plants, development/construction can start after EIA approval.
Other Authorisations
Beyond the environmental clearance process, additional conditions apply to the site, construction and operation of a generation facility, as follows.
Other approvals required – and the typical chronology thereof ‒ for a typical IPP include the following.
Currently, there are no operational offshore renewable energy projects in Bangladesh, except for one proposed wind power park in the planning stages. The same regulatory processes and requirements outlined in 6.1 Onshore Project Development apply to offshore developments.
Non-recourse project financing is the predominant funding mechanism for renewable energy projects in Bangladesh. Multilateral development banks, commercial banks, and climate funds are major financiers, often supported by export credit agency coverage. Project financing from shareholders is also permitted to a certain extent. For projects with state participation, the government can issue sovereign guarantees up to its equity stake.
Foreign borrowing is possible for IPPs, subject to approval from the relevant regulator designated by Bangladesh Bank (eg, the Bangladesh Investment Development Authority for private projects or the Non-Concessional Loan Sanction Committee for public projects with less than a 25% grant component). The key conditions are as follows.
Financing from local banks or financial institutions, such as the Infrastructure Development Company or the Bangladesh Infrastructure Finance Fund Limited, is also available. These facilities are often used as bridge loans until full financial closing is achieved. For local borrowing, the maximum allowable debt-to-equity ratio is generally 50:50.
Lenders typically secure project financing facilities in Bangladesh through a combination of the following security mechanisms. Although the facility agreement itself can be governed by any law, the securities are usually governed by Bangladesh law to ensure enforceability in local courts, priority ranking in insolvency proceedings, fast-track enforcement, and other benefits. Securities may be subject to a 0.1% stamp duty (capped at BDT50 million) on the secured value and a 0.1% registration fee (for real assets). The available securities are:
Debt service accounts and debt service reserve accounts are generally permitted for foreign borrowing facilities, subject to Bangladesh Bank approval. Offshore lenders often appoint local banks as security agents to facilitate enforcement. This arrangement typically does not require any further approvals beyond the original foreign borrowing approval.
For IPPs (other than coal-fired IPPs) that commenced production before 30 June 2024, a tax exemption on income tax was available for 12 years, including:
For IPPs commencing production after 30 June 2024, the tax holiday is 100% exemption during the first five years, 50% exemption during the next three years and 25% exemption during the next two years.
For power projects, no VAT is levied on earnings generated from the supply of power.
Companies can import plant and equipment and spare parts up to a maximum of 10% of the original value of total plant and equipment within 12 years of commercial operation without paying customs duties, VAT, other surcharges, or import permit fees. This exemption excludes locally produced equipment meeting international standards.
Companies are not restricted to using the national insurance company (Sadharan Bima Corporation). They can choose insurance providers as required by lenders and utilities. However, foreign insurance is only allowed for policies unavailable in Bangladesh.
Instruments and deeds requiring registration under local regulations are exempt from stamp duty payments.
Currently, Bangladesh lacks specific guidelines or regulations for power plant decommissioning. However, IPP owners must adhere to the environmental clearance terms ‒ as outlined in the ECC – during the decommissioning process, which typically require restoring the site to its original condition. There is no obligation to establish a dedicated decommissioning fund throughout the facility’s operational life. Decommissioning costs can be covered at the end of the plant’s physical or economic life.
As mentioned in 1.1 Energy Transition, the government of Bangladesh enacted a new renewable energy policy in 2025. Key changes include introducing standalone storage plants as a distinct product category, with the tariff model still under development.
The REPB 2025 also aims to establish an institutional framework for RECs and enact the BERC regulation. Furthermore, it proposes:
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