Bangladesh opens renewable energy sector to private investors
The government has introduced a new policy to make it easier for both local and foreign investors to join renewable power generation. The policy allows private companies to set up renewable energy plants, sell electricity directly to consumers, and connect to the national grid, ending the state-run Power Development Board’s (PDB) monopoly.
For the first time, investors can negotiate prices, choose customers, and form Special Purpose Vehicles (SPVs) to run renewable plants. The shift moves Bangladesh towards a competitive energy market.
The government hopes to reach a target of 20% renewable electricity by 2030, attracting global investors. However, experts warn that successful implementation will be key.
