Govt ready to offer subsidy to renewable energy: minister | The Daily Star
12:00 AM, April 14, 2014 / LAST MODIFIED: 01:53 AM, March 08, 2015

Govt ready to offer subsidy to renewable energy: minister

Govt ready to offer subsidy to renewable energy: minister

Share this with

Copy this link

The government stands ready to provide subsidies to the renewable energy sector to encourage exploring alternatives to costly fossil fuels, State Minister for Energy and Power Nasrul Hamid said yesterday.
"We have to take a decision on it. We have to decide about subsidies in rural and urban areas. Otherwise, there might be wastages," he said.   
The state minister spoke at a roundtable on the revised renewable energy policy, at Bidyut Bhaban in the capital. The Energy and Power magazine organised the discussion in association with the power division and German international cooperation agency GIZ. As of March this year, Bangladesh installed 2.8 million solar home systems, according to Infrastructure Development Company Ltd.
On the renewable energy policy, the state minister said formulating a time-befitting policy is not enough. "We will have to make everybody aware about the need for renewable energy."
Only 2 percent of the 6,500MW of the power the country produces daily on an average comes from renewable energy.  
The renewable energy sector would not thrive without subsidies, said AR Khan, chairman of Bangladesh Energy Regulatory Commission.
The government would have to provide subsidies to recoup the losses to be incurred for using renewable energy, said Moin Uddin, chairman of Rural Electrification Board.
Mollah Amzad Hossain, editor of the Energy and Power, moderated the discussion.

 

Stay updated on the go with The Daily Star News App. Click here to download it for your device.

Grameenphone and Robi:
Type START <space> BR and send SMS it to 2222

Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Share this with

Copy this link

Top News

Top