The third quarter (Q3) of Fiscal Year 2024 (January-March 2024) was particularly significant for the power and energy sector as several policy decisions were made from national and international perspectives. Some of these are: the government has adopted automated pricing mechanism for fuel oil, taking the decision to revise electricity prices in stages, the Ministry of Power, Energy and Mineral Resources (MoPEMR) has been initiating proposals on domestic gas exploration; inviting international bidding for oil and gas exploration and Bangladesh obtained foreign financial assistance and investment for renewable energy projects.
The quarterly is segregated into six broad sections, including a brief snapshot of the major policy and operational decisions, power and energy sector performance, renewable energy deployment status, the reflection of the second quarterly brief’s recommendations in the
policy decisions of this quarter, and remarks on the overall health of the power and energy sector during this quarter.
Authors: Khondaker Golam Moazzem, Helen Mashiyat Preoty, Jebunnesa and Faisal Quaiyyum
Publication Period: May 2024