Tk 1,500 Cr Fund Formed With Provisions To Buy Excess Electricity At Tk 10.50 Per Unit
PM Targets Adding 3-4 GW Solar Power To National Grid Before Summer
- Prime Minister Tarique Rahman sets goal to integrate 3,000–4,000 MW solar power into the national grid before next summer
- Government allocates Tk 1,500 crore fund and agrees to purchase surplus rooftop solar power at Tk 10.50/unit through February 2027
- Targets unveiled at Bangladesh Solar Expo 2026 to achieve 20% renewable energy share by 2030 and 30% by 2040
The government has set a target to add 3,000 to 4,000 megawatts of solar power to the national grid ahead of the upcoming summer season.The government has also set targets to generate 20 percent of the country's electricity demand from renewable sources by 2030 and 30 percent by 2040.
Prime Minister Tarique Rahman announced this initiative as the chief guest during the inauguration of 'Bangladesh Solar Expo-2026' on Tuesday (November 3, 2026).
Chaired by Minister for Power, Energy and Mineral Resources Iqbal Hasan Mahmud, the expo carried the theme: "Utilize every inch of rooftop, increase income through solar power."
The Prime Minister stated that the government has initially allocated a dedicated fund of Tk 1,500 crore to ease financing for solar expansion. To encourage investment, the 'Special Solar Power Installation Ordinance 2026' has been framed. Furthermore, under net metering arrangements, the government will purchase surplus electricity supplied to the national grid from rooftop installations at Tk 10.50 per unit (including incentives) through February 2027. Import duty and tax concessions have also been introduced for essential components such as solar panels, inverters, and batteries.
Addressing the energy crisis, Prime Minister Rahman highlighted that the government provided Tk 43,000 crore in subsidies to the power sector in the 2025-26 fiscal year. He stressed that replacing costly quick-rental models with affordable renewable energy alternatives remains a top national priority. Applauding young innovators at the expo, he noted that Tk 500 crore has been earmarked annually in the current budget for startups. Additionally, plans are underway to systematically convert electric irrigation pumps into solar-powered pumps to reduce agricultural production costs.
The ceremony was attended by State Minister for Power, Energy and Mineral Resources Aninda Islam Amit, Finance Secretary Md. Khairuzzaman Mozumder, Power and Energy Secretary Mirana Mahruk, alongside senior government officials, development partners, and representatives from over 8,000 service-providing organizations.
The Prime Minister urged non-resident Bangladeshis and international partners to invest actively in the nation's expanding green energy landscape.
//DBTech/JNR/SME/MVNO//
