Bangladesh to accelerate investment in renewable energy

Bangladesh Energy Regulatory Commission (BERC) has initiated a move to prepare a ‘Feed-in-Tariff’ (FIT) structure for renewable energy to promote its use in the country. FIT is a policy mechanism which is aimed at accelerating investment in renewable energy technologies, reports UNB.

According to BERC officials, the regulatory body has successfully pursued the USAID (United States Agency for International Development) to help prepare the FIT under a project being financed by the American agency.

Under the project, Deloitte Touche Tohmatsu Emerging Markets, Ltd (Emerging Markets Group, or. EMG), a consultant firm, will prepare the FIT considering the socio-economic conditions and technological cost of different renewable energies like solar, wind or biomass.

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