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TIB finds misappropriation of Tk 2,926.88cr
The country incurred extra expenditure of about Tk 2,926.88 crore because of about 1.5 times higher than the actual cost of power generation from solar plants, according to a study conducted by the Transparency International Bangladesh, an anti-corruption watchdog...
www.newagebd.net
TIB finds misappropriation of Tk 2,926.88cr
25 December, 2025, 00:07
The country incurred extra expenditure of about Tk 2,926.88 crore because of about 1.5 times higher than the actual cost of power generation from solar plants, according to a study conducted by the Transparency International Bangladesh, an anti-corruption watchdog.
The study report was launched at an event at the TIB office in the capital Dhaka on Wednesday.
The study titled โGenerating Power from Renewable Energy in Bangladesh: Governance Challenges and Way Forwardโ showed that while Tk 8 crore a megawatt was required for solar power projects according to the Bangladesh Power Development Board, but the six projects under the study had an average estimated cost of Tk 13.8 crore a megawatt.
This means Tk 2,926.88 crore of state resources were wasted through inflated cost estimates, said TIB executive director Iftekharuzzaman at the report unveiling event.
To a query, he said that the study period was limited to the power purchase deals signed by the Awami League regime before being ousted on August 5, 2004, in the wake of a mass uprising.
The Quick Enhancement of Electricity and Energy Supply (Special Provision) Act, 2010, which was misused by the AL regime to sign inflated power purchase agreements on political consideration, was scrapped by the interim government that assumed power on August 8, 2024.
Some 37 renewable energy projects out of total 42 power plants approved by the AL were cancelled by the interim government.
The AL failed to implement the Bangladeshโs Renewable Energy Policy 2008, as the target of getting 10 per cent total electricity from renewable sources by 2020 was missed for too much emphasis on costly fossil fuels.
Bangladeshโs current electricity installed capacity, comprising contributions from both on-grid and off-grid sources, is 28,616.48 megawatts, of which only 1,314.70MW or four per cent come from renewable energy sources.
In the past month, the government approved a dozen solar power plants through competitive biddings.
Iftekharuzzaman said that they would examine the current projects in the future studies.
Responding to a question, the TIB executive director said that the reform initiatives by the interim government since the ouster of the AL regime on the state affairs should not be compared with the reforms in the power and energy sector.
It will take more than two to three years to mend the damage made during the AL regime to the crucial sector, he said.
The average electricity tariff of the selected renewable energy projects in this study is $0.124 per kWh.
In comparison, the average tariff in the neighbouring countries is significantly lower โ $0.03 in India, $0.032 in Pakistan and $0.045 in China.
Thus, the tariff in Bangladesh is nearly four times higher than in these countries.
The report highlighted that the interests of the fossil fuel lobby were being protected by marginalising renewable energy in the energy sectorโs master plans, resulting in the failure to realise the vast potential of renewable energy.
The TIB has proposed 15 recommendations to address the existing institutional and policy challenges and build a sustainable and transparent energy system.
The recommendations include immediate cancelation of the existing fossil fuel-dependent energy master plan and implementing a new master plan based on the principles of reducing fossil fuel use and increasing the share of renewable energy in the energy mix.
Formulation of a realistic road map for power generation from renewable sources with uniform targets in all existing policies, including the Renewable Energy Policy 2025, has also been suggested.
Besides, amendment to the Power Act 2018 to provide a legal basis for power generation from renewable energy and providing clear instructions on the transmission, supply, and distribution of generated power through national or alternative grids is among the recommendations.
TIB energy governance coordinator Newazul Moula and assistant coordinator Ashna Islam presented the report.
25 December, 2025, 00:07
The country incurred extra expenditure of about Tk 2,926.88 crore because of about 1.5 times higher than the actual cost of power generation from solar plants, according to a study conducted by the Transparency International Bangladesh, an anti-corruption watchdog.
The study report was launched at an event at the TIB office in the capital Dhaka on Wednesday.
The study titled โGenerating Power from Renewable Energy in Bangladesh: Governance Challenges and Way Forwardโ showed that while Tk 8 crore a megawatt was required for solar power projects according to the Bangladesh Power Development Board, but the six projects under the study had an average estimated cost of Tk 13.8 crore a megawatt.
This means Tk 2,926.88 crore of state resources were wasted through inflated cost estimates, said TIB executive director Iftekharuzzaman at the report unveiling event.
To a query, he said that the study period was limited to the power purchase deals signed by the Awami League regime before being ousted on August 5, 2004, in the wake of a mass uprising.
The Quick Enhancement of Electricity and Energy Supply (Special Provision) Act, 2010, which was misused by the AL regime to sign inflated power purchase agreements on political consideration, was scrapped by the interim government that assumed power on August 8, 2024.
Some 37 renewable energy projects out of total 42 power plants approved by the AL were cancelled by the interim government.
The AL failed to implement the Bangladeshโs Renewable Energy Policy 2008, as the target of getting 10 per cent total electricity from renewable sources by 2020 was missed for too much emphasis on costly fossil fuels.
Bangladeshโs current electricity installed capacity, comprising contributions from both on-grid and off-grid sources, is 28,616.48 megawatts, of which only 1,314.70MW or four per cent come from renewable energy sources.
In the past month, the government approved a dozen solar power plants through competitive biddings.
Iftekharuzzaman said that they would examine the current projects in the future studies.
Responding to a question, the TIB executive director said that the reform initiatives by the interim government since the ouster of the AL regime on the state affairs should not be compared with the reforms in the power and energy sector.
It will take more than two to three years to mend the damage made during the AL regime to the crucial sector, he said.
The average electricity tariff of the selected renewable energy projects in this study is $0.124 per kWh.
In comparison, the average tariff in the neighbouring countries is significantly lower โ $0.03 in India, $0.032 in Pakistan and $0.045 in China.
Thus, the tariff in Bangladesh is nearly four times higher than in these countries.
The report highlighted that the interests of the fossil fuel lobby were being protected by marginalising renewable energy in the energy sectorโs master plans, resulting in the failure to realise the vast potential of renewable energy.
The TIB has proposed 15 recommendations to address the existing institutional and policy challenges and build a sustainable and transparent energy system.
The recommendations include immediate cancelation of the existing fossil fuel-dependent energy master plan and implementing a new master plan based on the principles of reducing fossil fuel use and increasing the share of renewable energy in the energy mix.
Formulation of a realistic road map for power generation from renewable sources with uniform targets in all existing policies, including the Renewable Energy Policy 2025, has also been suggested.
Besides, amendment to the Power Act 2018 to provide a legal basis for power generation from renewable energy and providing clear instructions on the transmission, supply, and distribution of generated power through national or alternative grids is among the recommendations.
TIB energy governance coordinator Newazul Moula and assistant coordinator Ashna Islam presented the report.
































