Bangladesh's energy transition comes to halt1 Mar 2025 17:27
Yunus has only got himself to blame!!!
Bangladesh’s energy transition came to an abrupt stop with the country’s interim government struggling to find investors in renewable energy projects.
After assuming power following the fall of the Awami League regime amid a mass uprising in July-August, the interim government cancelled all 31 renewable energy projects in the pipeline with a combined capacity of over 2,600MW.
Investors are apparently unwilling to invest in Bangladesh now,’ he said.
Cancellation of the previous renewable energy projects, some of which involved foreign investors such as Marubeni Corporation, Total Gas, and Engreen Limited, caused trust issues, highlighting uncertainties in doing business in Bangladesh, energy experts said.
The foreign investors had spent millions, some of them $200 million, and over half a decade of their time in advancing their projects that were eventually cancelled.
https://www.newagebd.net/post/Country/259042/bangladeshs-energy-transition-comes-to-halt