The objective of the Project is to reduce the annual growth rate of GHG emissions from the fossil fuel-based power generation by exploiting Bangladesh’s renewable energy resources for electricity generation. The basic approach of the Project will be to promote renewable energy in Bangladesh through the recently established Sustainable and Renewable Energy Development Authority (SREDA). For Bangladesh to achieve a greater share of renewable energy (RE) in its energy mix, the Project will support activities that will (i) transform SREDA into a strong RE project facilitation center to bring confidence to private RE investors and increase the number of approved RE projects; (ii) increase the capacities of appropriate government agencies to generate, process, obtain and disseminate reliable RE resource information for use by potential project developers and investors; (iii) increase the affordability of photo-voltaic solar lanterns (PVSLs) for low income households by supporting pilot PVSL diffusion activities; and (iv) increase the share of RE in Bangladesh’s power mix through facilitating the financing, implementation and operation of pilot (RE) energy projects using rice husk and solar panels. The lessons learned from the pilot plants will be utilized to scale-up the dissemination of PVSLs and investment in on-grid RE projects and RE technologies.
Development of Sustainable Renewable Energy Power Generation (SREPGen) Project has 4 major components:
Component 1: Policy support and capacity building to bring confidence to private RE investors; and to increase the number of approved RE projects
Component 2: Resource Assessment Support Program to increase capacities of relevant government agencies to generate, process, obtain and disseminate reliable RE resource information
Component 3: To support diffusion of affordable PV power and other RE technology solution for low-income households and associated livelihood enhancement
Component 4: Renewable energy investment scale-up to support for an increased share of Bangladesh’s power generation mix.
What we do
Reduction in the annual growth rate of GHG emissions from fossil fuel-fired power generation through the exploitation of Bangladesh’s renewable energy resources for power generation
Specific Objective 1:
Cumulative direct and indirect CO2 emission reductions by end of project (EOP) resulting from project RE technical assistance and investments, Mtons CO2
Specific Objective 2:
MW of RE power generation in Bangladesh, including on and off grid