During the quarter of July-September 2024, Bangladesh experienced a major political shift. The Awami League government was ousted by a studentpeople led movement on 5 August 2024. An interim government has taken over the responsibility on 8 August 2024.
The interim government has halted all negotiations, selections, and purchasing processes of all power-and energy projects as the much-talked-about quick-solution law gets under the axe as part of reforms kick-started by the interim government
The interim government has issued a gazette to abolish the Section 34(a) of ‘Bangladesh Energy Regulatory Commission (Amendment) Ordinance-2024’. As this clause has been abolished, the government will no longer be able to determine the price of electricity and gas without a public hearing
The Interim Government has bestowed the BERC with the authority to determine electricity price
A very high volatility has been observed in case of daily power generation cost
The share of RLNG usage of the total gas supply was lowest (25%) compared to previous fiscal years
Germany has committed to provide Bangladesh with 1 billion euro over the next decade to support renewable energy projects, including an initial 15 million euro this year
Authors: Khondaker Golam Moazzem, Helen Mashiyat Preoty, Mashfiq Ahasan Hridoy, Jebunnesa, Faisal Quaiyyum
Publication Period: September 2024