The government has set a target to generate 2000 megawatts (MW) of electricity from renewable sources in three years, which will be 10.0 percent of the country’s total power production.
“We are working to increase power generation from renewable sources at a faster phase so it would meet at least 10.0 percent of the total demand for electricity in 2020,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid told BSS.
Currently, 447.51 MW of electricity is coming from renewable sources, which is 2.87 percent of the total power generation, according to the Ministry for Power, Energy and Mineral Resources.
“Some special measures for increasing renewable energy production have taken in line with the Seventh Five Year Plan and the initiatives for achieving the 3rd target of the Sustainable Development Goals (SDGs),” the state minister said.
He noted that Bangladesh already topped a global list of renewable energy using countries, with installing the highest number of Solar Home Systems (SHS).
Over 4.5 million SHSs have already been installed under a programme of the Infrastructure Development Company Limited (IDCOL), which is promoting and financing for renewable energy initiatives and energy efficient projects through public-private-partnership (PPP). Nearly 13 million beneficiaries are getting solar power from these SHSs.
Sustainable and Renewable Energy Development Authority (SREDA) is also promoting and developing renewable energy and energy efficiency activities in public and private sectors.
“The power generation capacity reached 15,596.51 MW including 447.51MW from renewable sources,” Nasrul added.
He said the government has signed a good number of agreements with private entrepreneurs for setting up green energy plants in the country.
An initiative has been taken recently to generate 500MW of electricity from solar plant, which would require $2.76 billion funding. Out of the fund, $2.23 billion is expected to come from development partners while the remaining will be arranged by the government and private partners.
Under a long term plan, the government also approved four solar power plants having a combined capacity of 258 MW to be installed at different places across the country in the next 20 years at a cost Taka 9,158 crore.
Bangladesh Power Development Board (BPDB) identified two sites at Sangu and Matamuhuri for two developing large hydropower plants those will have the capacity producing 140MW and 75MW of electricity respectively.