Says CPD, urging govt to use next budget to strengthen power and fuel stability for ensuring macroeconomic growth

Bangladesh’s energy security has once again shown its vulnerability amid the ongoing Middle East war, echoing challenges faced during the 2020 Russia-Ukraine conflict, as it relies heavily on timely fuel imports while maintaining only a short-term stock buffer.

Continuous gas exploration and exploitation of renewable energy should be the two pillars of energy security in the country.

Bangladesh has been struggling with primary energy supply since 2007, a long 17 years. Unfortunately, the focus was never to solve this fundamental problem sustainably but to build more power plants that are visible and carry larger political mileage.