State Minister for Power and Energy Nasrul Hamid said on Sunday the government is planning to introduce a 'feed-in-tariff' (FIT) on renewable energy to make it more accessible for people, reports UNB.
"We're thinking about the feed-in-tariff to provide subsidy to the renewable energy," he said while speaking at a roundtable discussion titled, 'Revised Renewable Energy Policy, at Biduyt Bhaban in the city.
The seminar, oreganised by Power Division, with its additional secretary Tapos Kumar Roy in the chair, was addressed, among others, by Bangladesh Energy Regulatory Commission chairman AR Khan, former special assistant to caretaker government chief Dr Tamim, Prof Nurul Islam of Buet, Power Secretary Monwar Islam, PDB chairman Abduhu Ruhullah and Prof Saiful Haque of Dhaka University.
Power Division Joint Secretary Siddique Zobair made a presentation on the renewable energy policy 2014.
Officials said FIT is a cost-based compensation or subsidy to renewable energy producers, which is being provided in many countries under a long-term contract to keep the production cost near to the conventional electricity.
Government has recently announced a plan to increase the renewable energy share in the total power generation to 5 per cent by 2015 from the present less than 1 per cent, and to 10 per cent by 2020.
Mentioning the feed-in-tariff as an important issue Nasrul Hamid said the government will look into the issue seriously.
Introduction of FIT on renewable energy on cards
FE Team | Published: April 13, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
Share if you like