The Power Division under the Ministry of Power, Energy and Mineral Resources, HSBC and the Carbon Trust have initiated the proposed “National Energy Study for Bangladesh” to support the country’s long-term energy security and transition towards a more sustainable and resilient energy system.
A meeting to initiate the study was chaired by K M Ali Reza, Additional Secretary of the Renewable Energy Wing of the Power Division.
Representatives from relevant government ministries, HSBC and the Carbon Trust attended the meeting.
The study will explore practical pathways toward building a more affordable, reliable and sustainable energy system for Bangladesh.
It will assess Bangladesh’s current energy landscape, examine future electricity needs, and evaluate how technologies such as renewable energy, energy storage and other low-carbon solutions could support long-term economic growth and energy security.
Through analysis, stakeholder engagement and capacity building, the study will help inform future energy planning and provide a roadmap to support Bangladesh’s transition to a resilient power sector.
According to the Ministry of Power, the study aims to identify cost efficient clean energy solutions for the Government of Bangladesh and potential pathways to attract foreign direct investment.
HSBC is supporting the study by working with governments and public-sector institutions to explore climate and energy transition solutions.
The Bank has partnered with The Carbon Trust to support the study and provide training to help execute the plan.
Additional Secretary K M Ali Reza said, “This marks the start of an important study that will explore potential options for Bangladesh’s energy mix for Power generation. We welcome the partnership with the Carbon Trust and HSBC and look forward to identifying practical pathways towards a more affordable, green, reliable and secure Power system”.
Mahbub ur Rahman, Chief Executive Officer, HSBC Bangladesh, said, “Given the current context, where the global energy markets face heightened uncertainty, this National Energy Study on Bangladesh is an important and timely initiative which HSBC is proud to support. As a long-standing partner to Bangladesh, we recognise that energy security is fundamental to the country’s sustained economic growth, competitiveness, and resilience. Through this study, we hope to support the Government of Bangladesh in shaping forward-looking and sustainable energy strategy, while supporting the long-term energy needs of our clients operating in the country.”
Andrew Lever, Director, Energy Transition, Carbon Trust, said, “Bringing our global expertise across fossil transition, grid modernisation and renewable integration we are looking forward to supporting the Government of Bangladesh in identifying pathways towards a prosperous, resilient and decarbonised energy future.”
The Carbon Trust is a global team of climate experts driven by the mission to accelerate the transition to a prosperous, resilient, low-carbon future. It has more than 25 years’ experience connecting the dots across sectors worldwide, working alongside businesses, governments, public sector bodies, financial institutions and philanthropies.
The proposed National Energy Study forms part of HSBC’s broader approach to supporting key stakeholders in accelerating the transition towards a more resilient future.