At a seminar on November 23, 2024, industry leaders and government advisers emphasized the urgent need to resolve Bangladesh’s industrial energy crisis, which has significantly hindered growth. The Bangladesh Chamber of Industries reported a decline in industrial growth from 10.29% in FY 2020-21 to 3.98% in the April-June quarter of FY 2023-24. Rising energy costs, with gas prices surging by 286.5% over five years, have forced 200 factories to shut down, with 300 more at risk. Business leaders called for decisive action to prevent theft in gas transmission and ensure reliable energy supply, stressing the adverse impact on job creation and economic growth.
Energy advisers highlighted renewable energy as a long-term solution, revealing plans to advertise 40 renewable energy plants and tender Bhola’s gas for private sector involvement by December. Meanwhile, policymakers urged businesses to seize opportunities in public procurement, warning against crony capitalism and emphasizing the need for transparency and sustainability in the energy sector.
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