April 30, 2014

Bangladesh Govt Allocates Subsidy for Renewable Energy

The state minister for power, energy and mineral resources Nasrul Hamid said, the government was considering to allocate subsidy for entrepreneurs and users of the renewable energy. He, however, said that the mode of subsidy for the rural users and urban users would be different.

On 13th April, the state minister was addressing a roundtable on Revised Renewable Energy Policy as chief guest. The roundtable chaired by Tapos kumar roy, additional secretary Power Division, A R Khan, Chairman, Bangladesh Energy Regulator Commission and Monowar Islam, Secretary, Power Division will be presented as Special Guests.Siddique Zobair, Joint Secretary, Power Division, MPEMR will present the Keynote paper. Leading energy experts M.Tamim, Nurul Islam, profesor, BUET was take part in the discussion.

Sustainable and Renewable Energy Development Authority (SREDA) of the Government of the People’s Republic of Bangladesh, German International Cooperation, Dhaka (GIZ BD) and Energy & Power have organized that Roundtable Discussion concerning the “Revised Renewable Energy Policy” at Bijoy Hall of Bidyut Bhaban, Dhaka.

Bangladesh Energy Regulatory Commission chairman A R Khan said that the authority would enforce the captive power users to set up cogeneration system to reuse the exhaust heat of the captive generators.
Many industries run inefficient captive power generators and boilers using natural gas causing a significant wastage of energy which could be reduced by the use of cogeneration in the factories.

The commission has so far been reluctant in pursuing the captive power users to set up the system when the factory owners seek the renewals of their licences for the captive generators although the condition was tagged with the licences, he said.

According to a study published in 2012, gas consumption by industrial boilers could be slashed by at least 10 per cent and by 37 per cent at captive power generation each year by replacing the old systems with modern and more efficient technologies.

Speakers at the programme emphasised on the government subsidy to encourage the entrepreneurs and users of renewable energy.
The government first formulated the Renewable Energy Policy of Bangladesh on November 06, 2008 which was done with a hurry giving to specific directives in providing financial incentives and logistic support to the private companies from the government side.
But the revised draft policy would entertain the foreign investors by providing the foreign companies a life-time waiver of income taxes while the locals will get a 15-year tax waiver.

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