Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood said on Thursday that the government is working to formulate a policy quickly for the solar and renewable energy sector.
“If proper policy support is ensured, it will be possible to transform Bangladesh’s solar power sector,” he said.
The minister made the remarks while speaking at the inaugural session of the ‘15th International Bangladesh Infrastructure Innovation and Development Expo and Dialogue-2026’ at the Bangladesh-China Friendship Conference Centre.
Mahmood said, 'Bangladesh is ready to go solar; we only need policy.' If we get the policy, we can revolutionise Bangladesh’s solar sector.”
“A few days ago, Prime Minister Tarique Rahman formed a committee," he mentioned.
Efforts are underway to finalise a policy within this month, and it can be issued as a government order after the Cabinet Division’s approval in June, he said again.
The minister added that he believes that if the government provides policy support to this solar sector, it can bring a revolution in the country.
Citing the example of the garment sector, he further mentioned a major change was brought in the country’s ready-made garment sector in the 80s after Shaheed President Ziaur Rahman provided policy support like bonded warehouses and back-to-back LC facilities for the RMG sector.
He said the government is working on further relaxing regulations in the solar sector, creating opportunities for seamless import of necessary equipment, including inverters, frames and panels, and providing tax benefits.
The government is now giving special importance to battery storage so that solar power generated during the day can be used during the evening peak hours and is moving forward with the goal of generating 10,000 megawatts of solar power in the next five years.
Building owners will also get financial benefits from this, he told at the inauguration programme.
“If every house in Dhaka city can be brought under a solar power system through private enterprises, load-shedding in the city will be significantly reduced,” the minister said.
The inaugural ceremony was attended, among others, by Muzaffar Ahmed, Chairman of the Sustainable and Renewable Energy Development Authority (SREDA); M Azizur Rahman Ripon, Chairman of the Forum for Energy Reporters Bangladesh (FERB); and Rashedul Haque, Managing Director of ExpoNet.
.jpg "LPG cylinder price reduced to Tk1,885 in Bangladesh")
