‘Renewable energy key to welfare state’

Renewable energy has emerged as a central component of the government’s strategy to build a sustainable welfare-oriented economy, with plans underway to expand solar power generation, strengthen energy security and reduce dependence on conventional fuels, Chief Whip of Parliament Nurul Islam Moni said on Tuesday.

Addressing a dialogue organised by the Centre for Policy Dialogue (CPD) in the capital, Moni said the government is attaching the highest importance to renewable energy as part of its broader vision of transforming Bangladesh into a humanitarian welfare state.

“Renewable energy, particularly solar power, would play a crucial role in building the foundation of a sustainable and welfare-oriented economy,” he said.

The Chief Whip said Prime Minister Tarique Rahman is pursuing people-focused development programmes across the country, especially in rural areas, with renewable energy now occupying a significant place in those efforts.

Noting that solar energy projects initially began on a limited scale, Moni said the government is now preparing to expand solar systems nationwide. “We want to build the foundation of a welfare state, and renewable energy is one of the largest pillars of that foundation,” he added.

Highlighting current measures, he said the Prime Minister has instructed all government offices and factories to install rooftop solar panels to increase the production of clean energy.

Moni also pointed to a major initiative to convert irrigation pumps to solar-powered systems, saying the programme would reduce pressure on the national electricity grid while benefiting farmers in rural areas.

Encouraging greater private-sector participation, he said renewable energy offers substantial economic returns. According to expert assessments, investments in solar projects can be recovered within four years, while the facilities continue generating electricity for many years afterwards.

He said the government has already introduced various tax incentives to attract investment in renewable energy and assured entrepreneurs that the Power Division would ensure taxation does not hinder potential investors.

Referring to global experiences, Moni said Bangladesh should learn from countries that have successfully developed strong renewable energy infrastructure. He observed that nations with extensive solar energy capacity were better positioned to withstand fuel market disruptions caused by international conflicts and geopolitical tensions.

The Chief Whip also highlighted ongoing international cooperation in the sector, noting that Prime Minister Tarique Rahman is currently visiting China, where a significant solar energy agreement is expected to be finalised.

According to Moni, the anticipated agreement would help strengthen Bangladesh’s energy security and lessen exposure to volatility in global fuel markets.

Reaffirming the government’s commitment to expanding renewable energy despite existing resource limitations, he called on experts, stakeholders and citizens to contribute ideas and expertise towards building a prosperous, sustainable and energy-independent Bangladesh.